Boundary Bay Resources, Inc. Corporate Update
10 Marzo 2008 - 1:07PM
PR Newswire (US)
LAS VEGAS, March 10 /PRNewswire-FirstCall/ -- Boundary Bay
Resources, Inc. (Pink Sheets: BBRE) (the "Company") is pleased to
provide an update regarding the Company's recent acquisition of a
working interest of a producing well at the Jessica # 23A (the
"Jessica Property"), located at SE/4 NW/4 SE/4 Section 5, 6N, 6E,
in Seminole County, Oklahoma. The Company is in the process of
completing a sale of the recently acquired stockpile consisting of
over 200 barrels, which were acquired from Nitro Petroleum, Inc. as
part of the transaction involving the Jessica Property. The Company
anticipates that the proceeds from such sale, along with the
revenue generated from the producing well at the Jessica Property,
will be used as general working capital and for future
acquisitions. This announcement is neither an offer to sell nor a
solicitation of an offer to buy. About Boundary Bay Resources, Inc.
http://www.boundarybayresources.com/. Boundary Bay Resources is a
dedicated to building a competitive oil and gas company that is
cash flow positive. The Company intends to acquire working
interests in established oil and gas production companies (Public
or Private). Funds generated from this domestic production will be
used to acquire premium oil and gas properties with both proven
reserves and upside exploration potential. The company understands
how exploration or "blue sky" opportunities can significantly
increase the value of any company (especially when a deposit is
found). Therefore, once/if some solid acquisitions are completed,
our aim is to begin looking for potential oil and gas properties.
On Behalf of the Board of Directors, Lee Borschowa President Safe
Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This news release contains forward-looking information
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements that include the words "believes,"
"expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof. CONTACT: Investor Relations
at: (702) 989-5022 DATASOURCE: Boundary Bay Resources Inc. CONTACT:
Investor Relations at: (702) 989-5022
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