SAN ANTONIO, TX- (Feb 24, 2014) - Enterra Corp. (OTC PINK: AUMY) is pleased to announce the release of its corporate website, http://www.enterracorp.com, which provides an in-depth description of the leases in Van Zandt County, Texas, which currently produce approximately 60 barrels of oil per day. Full production reports as filed with the Texas Railroad Commission, spanning May through December, 2013, are included. Enterra will receive its first oil payment from sales made in the month of February, and each month thereafter.
The Company's Directors and Officers have been replaced by: Thomas M. Gouger III, President and Director; Amanda Hester, Secretary/Treasurer and Director; and Lloyd Leo Tiller, Jr., Director and Chairman of the Board, all residing in the State of Texas.
Enterra's strategy is 1) to commence operations with the acquisition of a diversified portfolio of producing oil wells for immediate revenue, 2) to add to this portfolio with further acquisitions of producing wells, 3) expanding with a drilling program of conservative, low-cost, shallow-formation wells in a manner that can be supported by existing oil revenue, and, 4) with these objectives having been achieved, expanding to operations in deeper formations.
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