FIDELIS ENERGY +++ NEWS!!!!!!!! +++ - 500 Beiträge pro Seite
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ISIN: US3157461076 · WKN: A0B9Q9 · Symbol: FDEI
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Feedback
Fidelis Energy Finalizes Contract With State of California Gas Purchaser and Pipeline Company
TUCSON, Ariz., July 26 /PRNewswire-FirstCall/ -- Fidelis Energy, Inc. (OTC Bulletin Board: FDEI), an oil and gas company dedicated to developing North America`s energy resources, today wishes to update the current and ongoing activities at the Company`s North Franklin Project and newly discovered gas reservoir. The success of the "Archer-Whitney # 1" well has enabled the Company to aggressively proceed towards commercial production. The operator of the North Franklin Project has successfully negotiated and executed a contract with one of California`s natural gas purchasers and pipeline companies.
Engineers had calculated the first well to have an A.O.F. (absolute open flow rate) of over 12 million cubic feet per day. This would equate to enough natural gas when supplied to a power plant to provide electricity daily to more than 125,000 homes.
Dan Hodges, spokesperson for the Company, stated, "The Company fully expects to drill up to 5 more wells on the property. With the recent announcement of 2 new drill targets and the contract for the Pipeline and Gas purchase firmly in place, the Company is anticipating to be cash flow positive within the next 90 days."
The North Franklin Project is located in the Sacramento Basin of California and is situated along the "Eastside Winters Stratigraphic Trend" which has produced in excess of 450 Bcf gas. The gas reservoir at North Franklin is the Winters Formation.
About Fidelis Energy, Inc.
Based in Tucson, AZ, Fidelis Energy is an oil and gas company dedicated to solving North America`s complex energy problems. Fidelis Energy identifies, acquires and develops working interest percentages in smaller, underdeveloped oil and gas projects in California, Canada, and other promising locales that do not meet the requirements of larger producers and developers. Through the use of modern development techniques such as horizontal drilling and 3-D seismic, the company enhances production from underdeveloped and under-utilized projects, as it pursues oil and gas production throughout North America. For more information, please visit our website at www.FidelisEnergy.com.
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Fidelis Energy, Inc. has little or no control.
Investor Relations 1-818-865-9898
ON BEHALF OF THE BOARD
Fidelis Energy Inc.
---------------------------------
Frank Anjakos-President
SOURCE Fidelis Energy, Inc.
-0- 07/26/2004
/CONTACT: media, Mike Garfinkel, +1-818-865-9898, pr@FidelisEnergy.com,
for Fidelis Energy, Inc./
/Web site: http://www.fidelisenergy.com /
(FDEI)
CO: Fidelis Energy, Inc.
ST: Arizona, California
IN: OIL OTC
SU: CON
TU-MS
-- LAM062 --
1048 07/26/200407:01 EDThttp://www.prnewswire.com
GN
TUCSON, Ariz., July 26 /PRNewswire-FirstCall/ -- Fidelis Energy, Inc. (OTC Bulletin Board: FDEI), an oil and gas company dedicated to developing North America`s energy resources, today wishes to update the current and ongoing activities at the Company`s North Franklin Project and newly discovered gas reservoir. The success of the "Archer-Whitney # 1" well has enabled the Company to aggressively proceed towards commercial production. The operator of the North Franklin Project has successfully negotiated and executed a contract with one of California`s natural gas purchasers and pipeline companies.
Engineers had calculated the first well to have an A.O.F. (absolute open flow rate) of over 12 million cubic feet per day. This would equate to enough natural gas when supplied to a power plant to provide electricity daily to more than 125,000 homes.
Dan Hodges, spokesperson for the Company, stated, "The Company fully expects to drill up to 5 more wells on the property. With the recent announcement of 2 new drill targets and the contract for the Pipeline and Gas purchase firmly in place, the Company is anticipating to be cash flow positive within the next 90 days."
The North Franklin Project is located in the Sacramento Basin of California and is situated along the "Eastside Winters Stratigraphic Trend" which has produced in excess of 450 Bcf gas. The gas reservoir at North Franklin is the Winters Formation.
About Fidelis Energy, Inc.
Based in Tucson, AZ, Fidelis Energy is an oil and gas company dedicated to solving North America`s complex energy problems. Fidelis Energy identifies, acquires and develops working interest percentages in smaller, underdeveloped oil and gas projects in California, Canada, and other promising locales that do not meet the requirements of larger producers and developers. Through the use of modern development techniques such as horizontal drilling and 3-D seismic, the company enhances production from underdeveloped and under-utilized projects, as it pursues oil and gas production throughout North America. For more information, please visit our website at www.FidelisEnergy.com.
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Fidelis Energy, Inc. has little or no control.
Investor Relations 1-818-865-9898
ON BEHALF OF THE BOARD
Fidelis Energy Inc.
---------------------------------
Frank Anjakos-President
SOURCE Fidelis Energy, Inc.
-0- 07/26/2004
/CONTACT: media, Mike Garfinkel, +1-818-865-9898, pr@FidelisEnergy.com,
for Fidelis Energy, Inc./
/Web site: http://www.fidelisenergy.com /
(FDEI)
CO: Fidelis Energy, Inc.
ST: Arizona, California
IN: OIL OTC
SU: CON
TU-MS
-- LAM062 --
1048 07/26/200407:01 EDThttp://www.prnewswire.com
GN
...gleich zu Beginn riesiege Umsätze in USA...+16%...GN
und jetzt 15% minus
PRVH ist überall!!!!!
nk
nk
kein guter Tag heute
war die Meldung schlecht
war die Meldung schlecht
Trading Spotlight
hallo zusammen,
was fidelis bevorsteht (wandel zum produzenten) hat san telmo schon hinter sich. san telmo ( kurs 0,45€ )fördert schon erfolgreich öl und gas. aufgrund technischer probleme ist im moment noch keine max. rate der förderung erreicht. sollte aber bald behoben sein.
wer interesse hat,kann mal das forum sich anschauen, oder unter http://www.santelmoenergy.com sich selber einen eindurck verschaffen.
gruss peer
was fidelis bevorsteht (wandel zum produzenten) hat san telmo schon hinter sich. san telmo ( kurs 0,45€ )fördert schon erfolgreich öl und gas. aufgrund technischer probleme ist im moment noch keine max. rate der förderung erreicht. sollte aber bald behoben sein.
wer interesse hat,kann mal das forum sich anschauen, oder unter http://www.santelmoenergy.com sich selber einen eindurck verschaffen.
gruss peer
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