ORLANDO, Fla., March 4, 2011 /PRNewswire/ -- Quad Energy Corp.
(Pink Sheets: CDID) is pleased to announce it has received
information on an estimate of the PUD reserves on the Cave Pool
Unit. This estimate is based on a third party reserve study
on offset leases in the Greyburg formation. The reserve
report prepared by Russell Hall and
Associates assigned gross reserves to each well on the offset
leases at 35.3 MBbls oil and 35.3 MMcf gas (41.2 MBOE) per well.
These reserves are forecast to be produced with an initial
production rate of 800 BOPM.
About Quad Energy Corp.
Quad Energy Corp. is independent junior oil and gas exploration,
development and production company headquartered in Orlando, FL. The company is duly
incorporated in the State of
Nevada. The company's common shares are listed for
trading on the electronic over the counter pink sheets (OTC-PINK)
market in the United States and
trades under the symbol "CDID"
On behalf of the Board of Quad Energy Corp
Contact us:
|
|
Fullerton Group Inc.
|
|
Tony R. Collins
|
|
Investor Relations
Advisor
|
|
Toll Free 877
931-0110
|
|
|
|
Quad Energy Corp.
|
|
3208 C East Colonial
Dr.
|
|
Orlando FL
|
|
32802
|
|
1 407 506-4397
|
|
info@quadenergycorp.com
|
|
For information please visit our
website:
|
|
www.quadenergycorp.com
|
|
|
Safe Harbor Act Notice:
Statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Securities Act
of 1933, as amended. Those statements include statements
regarding the intent, belief or current expectations of the company
and its managements. Such statements reflect management's
current views, and are based on certain assumptions and involves
risks ad uncertainties Actual results, events or performance may
differ materially from the above forward-looking statements due to
a number of important factors, and will be dependent upon a variety
of factors, including, but not limited to, the company's ability to
obtain additional financing and the demand for the company's
products. Any investment in the company would be extremely
speculative and involve a high degree of risk and should not be
pursued unless the investor could afford to loss their entire
investment. Before investing, pleas review this filing, all
past public filings with the SEC, all current Pinksheets.com
filings and consult a registered broker dealer or contact the
financial industry regulatory authority ("FINRA") for more
information regarding locating a qualified party to assist in
making an investment decision. The company undertakes no
obligation to publicly update these forward looking statements to
reflect events or circumstances that occur after the date hereof or
to reflect any change in the company's expectations with regard to
these forward-looking statements or the occurrence of unanticipated
events. Factors that may impact company's success are more
fully disclosed in the company's most recent public filings with
the U.S. Securities and Exchange Commission. Forward-looking
statements are typically identified by the use of the terms such as
"anticipate" "believe" "could" "estimate" " expect" "intend" "may"
"might" "plan" "predict" "project" "should" "will" and similar
words, although some forward-looking statements are expressed
differently. Although we believe that the expectations
reflected in such foreword-looking statements are reasonable, we
can give no assurance that such expectations will prove to be
correct.
SOURCE Quad Energy Corp.