|By Marketwired .||
|June 30, 2014 06:10 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/30/14 -- Brownstone Energy Inc. (TSX VENTURE:BWN)(OTCQX:BWSOF) (the "Company" or "Brownstone") announces that it and its joint venture partner, Dejour Energy Inc., have formed a joint venture with a private U.S. based oil and gas company to develop the Kokopelli leasehold in the Piceance Basin region of Colorado on behalf of Brownstone and its partner. The joint venture will initially focus on developing production from the liquids-rich Williams Fork formation on Brownstone's southern leasehold with the expectation of drilling a minimum of 8 wells to at least the base of the Williams Fork gas/liquids bearing zone and obtaining an approved Surface Utility Agreement, currently being developed in consultation with the BLM and CPW, for the 1520-acre north lease.
Brownstone will be carried for 10% of a $16 million in drilling, completion and permitting expenditures beginning in August 2014. It is anticipated this funding will carry Brownstone through a minimum of eight new wells and extensive facility development on Kokopelli's southern leasehold where four natural gas wells drilled in 2013 are currently in production. The Company retains a 10% working interest in the ongoing Kokopelli joint venture.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Brownstone Energy Inc. is a Canadian-based, energy focused company with direct interests in oil and gas exploration projects, including varying interests in two off-shore Israel concessions, as well as other oil and gas interests worldwide. By owning and managing a diversified portfolio of energy-based projects, Brownstone provides shareholders with a unique energy alternative. For additional information, please see Brownstone's website: www.brownstoneenergy.com.
This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (together, "forward-looking information"). The use of any of the words "expect", "anticipate", "continue", "estimate", "believe", "plans", "intends", "confident", "may", "objective", "ongoing", "will", "should", "project", "should" and similar expressions are intended to identify forward-looking information.
The forward-looking information is based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the operational results in the U.S.A. Although the Company believes that the expectations and assumptions on which the forward-looking information are based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct.
Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the inherent risks involved in the exploration and development of oil and gas properties, the uncertainties involved in interpreting drilling results and other geological data, uncertainties relating to fluctuating oil and gas prices, the possibility of cost overruns or unanticipated costs and expenses and other factors including unforeseen delays. Anticipated exploration and development plans relating to the Company's properties are subject to change.
The foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information contained in this press release is made as of the date hereof and Brownstone undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Sep. 27, 2016 12:30 AM EDT Reads: 1,626
Sep. 27, 2016 12:00 AM EDT Reads: 1,538
Sep. 27, 2016 12:00 AM EDT Reads: 1,041
Sep. 26, 2016 11:45 PM EDT Reads: 2,744
Sep. 26, 2016 10:45 PM EDT Reads: 438
Sep. 26, 2016 10:00 PM EDT Reads: 2,672
Sep. 26, 2016 09:45 PM EDT Reads: 3,005
Sep. 26, 2016 08:45 PM EDT Reads: 3,400
Sep. 26, 2016 08:45 PM EDT Reads: 2,165
Sep. 26, 2016 08:30 PM EDT Reads: 1,592
Sep. 26, 2016 08:00 PM EDT Reads: 2,906
Sep. 26, 2016 05:15 PM EDT Reads: 1,601
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
Sep. 26, 2016 05:15 PM EDT Reads: 2,619
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Sep. 26, 2016 05:00 PM EDT Reads: 1,839
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 26, 2016 05:00 PM EDT Reads: 2,732