BNP Petroleum Corporation Announces Restarting of Hooks Lease
25 Mai 2005 - 10:01PM
PR Newswire (US)
BNP Petroleum Corporation Announces Restarting of Hooks Lease
IRVING, Texas, May 25 /PRNewswire-FirstCall/ -- BNP Petroleum
Corporation (OTC Pink Sheets: BPET) (BPET), an independent oil and
gas company, announced today restarting of "Hooks" lease located on
Wichita county Texas, after accomplishing few modifications and
upgrades on some wells, on the last few months. The shallow wells
previously had been producing oil and water at low rates due to low
bottom pressure, which is normal for the area. Steadily increasing
rates of production for Hooks lease are expected. BNP Director,
Rafael Pinedo said today, "BNP Petroleum will begin immediately to
restart other leases in our portfolio of properties and complete
all necessary work to assure that BNP's properties are in full
compliance with the regulations of the Texas Railroad Commission
and re- establish oil production on BNP's leases over the coming
months." About BNP Petroleum Corporation: Headquartered in Irving,
Texas, BNP Petroleum Corporation is a publicly traded independent
oil and gas company. The company is acquiring oil and gas leases,
producing properties, mineral rights, and surface interests in
Texas. Once acquired, the company intends to develop each property
to maximize the income from each property by re- establishing
production, refurbishing and improving the existing production and
operations. Forward-Looking Statements: The statements which are
not historical facts contained in this release are forward-looking
statements that involve risks and uncertainties, including but not
limited to, the effect of economic conditions, the impact of
competition, the results of financing efforts, changes in
consumers' preferences and trends. The words "estimate,"
"possible," and "seeking" and similar expressions identify
forward-looking statements, which speak only to the date the
statement was made. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, because
of new information, future events, or otherwise. Future events and
actual results may differ materially from those set forth herein,
contemplated by, or underlying the forward-looking statements. The
information herein is subject to change without notice. BNP
Petroleum Corporation shall not be liable for technical or
editorial errors or omissions contained herein. URL:
http://www.prnewswire.com/ http://www.bpetroleum.com/ DATASOURCE:
BNP Petroleum Corporation CONTACT: Investor Relations of BNP
Petroleum Corporation, +1-214-687-0000 ext. 222 Web site:
http://www.bpetroleum.com/
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