|By Marketwired .||
|April 29, 2014 04:45 PM EDT||
INVER GROVE HEIGHTS, MN -- (Marketwired) -- 04/29/14 -- (OTC Pink: BERI) (PINKSHEETS: BERI) -- Mr. John Lai, President of Blue Earth Resources, Inc. (BERI), announced today that Mr. Sartor put the Hunter Mannies #4 into production last Friday afternoon. The HM #4 produced 20 barrels over the weekend. HM # 4 also has good natural gas which Mr. Lai hopes to have going into the sales line for natural gas.
Mr. Sartor is starting on the HM #1 no later than tomorrow, and should have it in production in the first week of May. The outlook for HM #1 well is 180 to 240 barrels a month.
BERI has sold around 600 barrels for each of the last two months. By getting the HM wells back online Mr. Lai is looking for 1,000 barrels of oil per month, and is targeting the end of June to be putting natural gas into the pipe line.
About Blue Earth Resources Inc.:
Blue Earth Resources Inc. is trading on the OTCPINK under the symbol BERI. The Company is an independent oil and gas company engaged in the acquisition, development and production of oil and natural gas reserves. The Company seeks to deliver strong shareholder returns through an effective exploration and development program that incorporates sound business practices with the strong experience of our management team. The goal is to steadily increase proven reserves of oil and natural gas -- which, in turn, will lead to enhanced cash flows and earnings per share.
The foregoing material may contain forward-looking statements. We caution that such statements may be subject to uncertainties and that actual results could differ materially from the fore-going statements. Readers accordingly should not place undue reliance on these forward-looking statements, which do not reflect unknown or unanticipated events or circumstances occurring after the date of these forward-looking statements.
Blue Earth Resources Inc. Contact:
Email: [email protected]
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