American Community Development, Inc., Announces the Commencement of a Seismic Program on the Sofia Oil & Gas Exploration Project
25 Mayo 2011 - 7:00AM
Marketwired
American Community Development, Inc.(PINK SHEETS: ACDP), announces
the initiation of its seismic program on the recently announced
Sofia Oil & Gas Exploration Project in Union County New Mexico.
The seismic program will entail the reprocessing and review of
the approximately 35 miles of seismic plus the design of additional
seismic to be acquired. The reprocessing of existing seismic will
focus on the deeper zones and in particular the 4,300 to 4,500 foot
zone previously untested. It is anticipated that additional seismic
will be acquired to assist in pin pointing prospective well
locations.
ACDP is in the process of assembling a seasoned team of managers
and technical professionals in the areas of geology, geophysics,
engineering, and legal. ACDP will provide regular updates as steps
are taken toward the delineation and execution of the seismic and
drilling program; including pending management and technical team
appointments.
Management Comment: "The Company considers itself fortunate to
have the opportunity to participate in such a large scale oil and
gas play resident onshore in the USA. The combination of continued
restrictions on offshore drilling, turmoil in the far east, and
surging oil prices (recently over $100 per barrel), all of which
affects demand - supply balance; makes this an attractive and
timely business opportunity to fast track shareholder value"
About American Community Development, Inc.:
ACDP is an emerging domestic oil and gas company, and will be
focused on exploiting oil and gas reserves onshore within the USA.
ACDP is in the process of assembling a seasoned team of managers
and technical professionals in the areas of geology, geophysics,
engineering, and legal. ACDP is positioning itself for aggressive
asset growth and shareholder value enhancement.
This news release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Act of 1934, as amended;
such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. The Company may experience significant
fluctuations in operating results due to a number of economic,
competitive and other factors. These factors could cause operations
to vary significantly from those in prior periods, and those
projected in forward-looking statements. Information with respect
to these factors, which could materially affect the Company and its
operations, are included on certain forms the Company files with
the Securities and Exchange Commission.
Contacts: American Community Development, Inc. Edwin Mah
Director 702-605-0145 info@acdp-ir.com
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