American Community Development, Inc., Announces a Drilling Plan for Their Sofia Oil & Gas Exploration Project in New Mexico
15 Junio 2011 - 8:00AM
Marketwired
American Community Development, Inc. (PINK SHEETS: ACDP), announces
a drilling plan for their Sofia Oil & Gas Exploration Project
in New Mexico.
ACDP has set in motion a plan to drill up to 6 wells on the
Sofia Oil & Gas Exploration Project in New Mexico. The plan is
to spud the first well in September of this year, which will be
drilled to a depth of approximately 4,500 feet. As mentioned in our
web site www.acdp-ir.com, the 4300 to 4500 foot level has never
been tested and we believe it could contain a very prolific zone.
Up hole from this level are multiple zones that have had showings
of oil and gas in previous drill holes. The plan is to use our
seismic data results to direct us to move up dip in the dome
structure to hopefully encounter these same zones of reservoir
rocks containing oil and gas in significant commercial
quantities.
Management Comment: "ACDP 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.
American Community Development, Inc.
Bruce A. Thomson, B.A.Sc.; President & CEO
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. Bruce A. Thomson,
B.A.Sc. President & CEO 702-605-0145 info@acdp-ir.com
www.acdp-ir.com
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