SAN ANTONIO, TX—February 13, 2014 - Enterra Corp. (OTC Pink: AUMY) is pleased to announce the acquisition of a 95% working interest in 11 oil and gas leases, comprising approximately 791 acres, in the State of Texas.
There are 48 oil wells that have been re-worked, and 16 slated for re-work. The wells are producing approximately 60 barrels of oil per day.
The company has also prepared a website, which will be released soon. It will contain additional information on this field, including production reports for the months of May to December 2013 which have been filed with the Texas Railroad Commission, the regulator for oil and gas activity in the State of Texas.
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects," "intends," "is expected," "potential," "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may," "could," "should," "would," "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
SOURCE: Enterra Corporation