PureSpectrum, Inc. Approved as Official Oil and Natural Gas Operator in State of Texas; Company Launches Official Website
21 Février 2012 - 3:30PM
Business Wire
PureSpectrum, Inc. (PSRU - OTC Pink) announces today that it has
been approved to do business in the State of Texas including an
established bond with the Railroad Commission of Texas.
PSRU CEO, Cedric Atkinson comments, “We are very pleased to have
accomplished this toward our long-term goals. In addition to our
non-operator initiatives, including our 30-well re-entry program in
Navarro County, Texas, the Operator status allows us the option to
participate in additional revenue streams immediately.” The company
plans to apply for the right as an operator for up to 50 wells
within the next 60 days.
As well, The Railroad Commission of Texas has approved
PureSpectrum as an Official Operator, which includes permission to
operate up to 9 wells or 3 injection wells. The Commission, through
its Oil and Gas Division regulates the exploration, production, and
transportation of oil and natural gas in Texas.
PureSpectrum, Inc. execs feel this will result in both a
substantial revenue stream for the company as well as economic
development for the State of Texas as the U.S. continues to foster
incentives for domestic oil drilling initiatives.
Also, the company is pleased to announce this morning the launch
of its official website, www.PSRUoil.com . The site includes
industry information, links to financial reports, contacts and will
include a project page featuring pictures and updates from the
company’s various endeavors.
News is forthcoming on the company’s official discussions to
partner with a group of private institutional investors to acquire
a working and/or overriding interest in producing wells throughout
the United States with a focus in Texas, Southeast U.S. and the
Midwest.
Safe Harbor Statement: The Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for forward-looking
statements. Certain of the statements contained herein, which are
not historical facts, are forward-looking statements with respect
to events, the occurrence of which involve risks and uncertainties.
These forward-looking statements may be impacted, either positively
or negatively, by various factors. Information concerning potential
factors that could affect the Company is detailed from time to time
in the Company's reports filed with the Securities and Exchange
Commission.
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