PLANO, TX,
Sept. 9, 2013 /PRNewswire/ - Santa Fe
Petroleum, Inc. (OTCBB: SFPI) announced today the completion of the
purchase of mineral interest leases totaling 320 acres in
Jack County, Texas.
According to Tom
Griffin, CEO and Chairman of the Board of Santa Fe Petroleum, Inc., "Santa Fe closed on the purchase of mineral
interest acreage leases in Jack County,
Texas on Tuesday September 3,
2013. The acreage is located in the heart of the
Marble Falls oil and gas boom area
of north central Texas which is a
highly developmental area. The Marble Falls is a blanket formation in
Jack County, Palo Pinto and other counties in central
Texas and we anticipate drilling
our first well on the acreage before the end of the year as well as
continuing our efforts contracting for additional acreage."
Santa Fe has
always maintained a policy of stringent guidelines for the
selection of its drilling projects to reduce the risk as much as
possible, although there is no guarantee of a 100% success rate;
Santa Fe's commitment to its
stockholders is to maintain the highest possible standards for the
selection of its projects.
About Santa Fe Petroleum, Inc.:
Santa Fe's Management has over 50
years of combined oil and gas development and production experience
and plans to purchase additional acreage leases in Jack County and surrounding counties as well
as to bring its current leases into production as soon as
possible.
For more information on Santa Fe, please visit
www.sfpetroleum.com.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy securities in any
jurisdiction.
Safe Harbor
This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements contained in this release that are not historical facts
may be deemed to be forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain.
Actual performance and results may differ materially from that
projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain
financing and regulatory and shareholder approvals for anticipated
actions.
SOURCE Santa Fe Petroleum, Inc.
