Transglobal Energy Resources AG
TransGlobal Energy Resources AG Announces 45 Wells to Enter Imminent Production
Transglobal Energy Resources AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- TransGlobal Energy Resources AG Announces 45 Wells to Enter Imminent Production Zurich, Switzerland, Aug. 19, 2008 - TransGlobal Energy Resources Inc., (TransGlobal) is a 100% fully owned subsidiary of Transglobal Energy Resources AG (WKN: A0NHFQ), a rapidly growing Enhanced Secondary Recovery (ESR) Oil and Gas company with offices in Dallas, Texas, USA, Calgary, Alberta, Whitby, Ontario, Canada and Switzerland, is excited to announce the imminent instatement of 45 wells located on their 350 acre Great Plains option in northern Texas. This development will strongly enhance the value of Transglobal's assets. Chairman, H. Andrews stated: 'Our Northern Texas project is starting to re-work its 45 wells. Our intention, as stated in our Production Plan, is to have these wells producing oil, and we believe that within 40 days they will begin to produce, with a goal of 450 barrels per day.' 'Transglobal is actively utilizing new technology to maximize return and significantly increase the oil we can obtain from these old wells. As a result, our value is increasing daily with each new step we take.' For further information contact http://www.transglobalenergyresources.com Vinetta Makkreel, President, PR North America: 866 316 7657; Europe: 41 43 500 6542 TransGlobal's mission is to capture the value of Oil and Gas reserves that were previously discovered but not fully produced through the deployment of ESR (Enhanced Secondary Recovery). An excellent overview of the Enhanced Secondary Recovery process can be found at: http://www.fossil.energy.gov/programs/oilgas/eor/ TransGlobal is a Swiss based holding company performing ESR in North America. Information presented in the Press Release constitutes neither an offer to buy or sell securities and contain 'forward looking statements' within the meaning of Section 27A of the US Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any Statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements'. 21.08.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found