Alamo Energy Corp. Announces Successful Re-Entry on the Valentine #1 Well in Ritchie County, West Virginia
Alamo Energy Corp. (OTCBB:ALME), is pleased to provide an update on the Valentine #1 Well, Ritchie County, West Virginia.
The recompletion of the Valentine #1 well drilled in 1981 targeted the upper shallow zones identified as the, 5th Sand formation from 2810' - 2714', Gordon sand from 2642' - 2528', 30 Foot Sand from 2348' - 2320', Gantz sand from 2294' - 2226' & Berea sand from 2196 - 2190' ft.
Following the successful frac, production of oil and natural gas has now commenced at a rate of approximately 100,000 cu.ft. of natural gas per day and oil at a rate of 1.85/bbl's per hour at 50/api gravity.
Allan Millmaker, Alamo's Chief Executive Officer, said, "We are pleased with the initial results from the well. With all 5 zones online we are looking forward to maximizing the oil and gas production from this well."
About Alamo Energy Corp.
Headquartered in London, England and with operational offices in Houston, Texas, Alamo Energy Corp. (OTCBB:ALME) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company's UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo's U.S. operations are focused on the development of assets in Texas, Kentucky and West Virginia.
Forward-looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Source: GlobeNewswire/Yahoo Finance

