US Energy Holdings, Inc. Signs Letter of Intent to Acquire 200 Natural Gas Well Sites in Ozona, Texas
Houston, TX, Mar 13, 2006 (M2 PRESSWIRE via COMTEX) -- US Energy Holdings, Inc (USEH -News) is pleased to announce that the company has signed its newest letter of intent between US Energy Holdings and Adam's Ranch Property to acquire 200 new natural gas well sites on Adam's Ranch in Ozona, Texas. Company "CEO" Claude E, Eldridge stated "This property has a proven track record of producing wells dating back forty years" the proven reserves on this property are in the hundreds of millions of dollars.
Headquartered in Houston, Texas US Energy Holdings, Inc is a South Texas energy resource company emphasizing on oil and gas development, drilling and production.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as it or its management "believes," "expects," "anticipates," "foresees," "forecas ts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward- looking statements.
CONTACT: Claude Eldridge Tel: +1 281 383 9825
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