Triton American Energy Reports Wells Number 30 and 35 are Now Hooked to TPU
13 Noviembre 2006 - 5:00AM
Business Wire
Triton American Energy Corp. (PINKSHEETS: TRAE), provider of
natural gas and crude oil, is pleased announce wells number 30 and
35 are now hooked up to the Thermal Pulse Unit (TPU). Production
from the two wells is anticipated within 10 days. Well number 11 is
now on a pump jack and is anticipated to be in production within 7
days. President and CEO, Louis Guidry states �We are using the high
pressure water jet drilling process to cut through the rock to
establish communication between the formation and the well bore.
Well number 35 has 4 laterals each at a depth of 2097� and 2164�.
Well number 30 has 2 laterals at a depth of 2146�, and 4 laterals
each at 2020� and 1948�. Earlier results indicated above average
water in the wells. After careful review, we determined this was
placed in there by the water jet drilling rig during each lateral.
We have calculated 10 barrels of water per lateral. Before turning
wells number 30 and 35 over to the TPU we used specialized
equipment to swab the water off of the wells. After swabbing we had
good shows of oil to water ratios. Within two weeks we should have
final results as to future production rates and revenue generation.
Mr. Guidry continued to state, �The energy we provide is for
America from America.� For more information, please contact
Investor Relations at (973) 351-3868 for Stephen Taylor or visit
our website at: www.tritonamericanenergycorp.com About Triton
American Energy Corporation: Triton American Energy is an
independent crude oil and natural gas and oil exploration and
production company based in Houston, Texas. The company's business
plan is structured to take advantage of today�s rising energy cost,
while reducing as much financial risk as possible. Tritons niche or
specialty are the small to moderate operations (usually 1-50 well
projects). These wells can be worth hundreds of millions of dollars
in revenue but require more hands-on attention then the major
producers are willing to give. Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995: Except for
historical information, the forward looking matters discussed in
this news release are subject to certain risks and uncertainties
which could cause the Company's actual results and financial
condition to differ materially from those anticipated by the
forward-looking statements including, but not limited to, the
Company's liquidity and the ability to obtain financing, the timing
of regulatory approvals, uncertainties related to corporate
partners or third-parties, product liability, the dependence on
third parties for manufacturing and marketing, patent risk,
copyright risk, competition, and the early stage of products being
marketed or under development, as well as other risks indicated
from time to time in the Company's filings with the Securities and
Exchange Commission. Triton American Energy Corp. (PINKSHEETS:
TRAE), provider of natural gas and crude oil, is pleased announce
wells number 30 and 35 are now hooked up to the Thermal Pulse Unit
(TPU). Production from the two wells is anticipated within 10 days.
Well number 11 is now on a pump jack and is anticipated to be in
production within 7 days. President and CEO, Louis Guidry states
"We are using the high pressure water jet drilling process to cut
through the rock to establish communication between the formation
and the well bore. Well number 35 has 4 laterals each at a depth of
2097' and 2164'. Well number 30 has 2 laterals at a depth of 2146',
and 4 laterals each at 2020' and 1948'. Earlier results indicated
above average water in the wells. After careful review, we
determined this was placed in there by the water jet drilling rig
during each lateral. We have calculated 10 barrels of water per
lateral. Before turning wells number 30 and 35 over to the TPU we
used specialized equipment to swab the water off of the wells.
After swabbing we had good shows of oil to water ratios. Within two
weeks we should have final results as to future production rates
and revenue generation. Mr. Guidry continued to state, "The energy
we provide is for America from America." For more information,
please contact Investor Relations at (973) 351-3868 for Stephen
Taylor or visit our website at: www.tritonamericanenergycorp.com
About Triton American Energy Corporation: Triton American Energy is
an independent crude oil and natural gas and oil exploration and
production company based in Houston, Texas. The company's business
plan is structured to take advantage of today's rising energy cost,
while reducing as much financial risk as possible. Tritons niche or
specialty are the small to moderate operations (usually 1-50 well
projects). These wells can be worth hundreds of millions of dollars
in revenue but require more hands-on attention then the major
producers are willing to give. Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995: Except for
historical information, the forward looking matters discussed in
this news release are subject to certain risks and uncertainties
which could cause the Company's actual results and financial
condition to differ materially from those anticipated by the
forward-looking statements including, but not limited to, the
Company's liquidity and the ability to obtain financing, the timing
of regulatory approvals, uncertainties related to corporate
partners or third-parties, product liability, the dependence on
third parties for manufacturing and marketing, patent risk,
copyright risk, competition, and the early stage of products being
marketed or under development, as well as other risks indicated
from time to time in the Company's filings with the Securities and
Exchange Commission.
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