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Friday, March 17, 2006 9:56:03 AM
Friday March 17, 9:28 am ET
PHOENIX, AZ, March 17 /PRNewswire-FirstCall/ - Golden Apple Oil and Gas, Inc. (OTC Pink Sheets: GAPJ.pk - News) wishes to advise that its geological consultant is currently ascertaining the potential seismic requirements of various third party oil and gas companies, with the view of planning a seismic program over the Company's Cookshire property in Quebec, to coincide with other companies' programs in or near the same region in Quebec, to reduce the cost to the Company of mobilization and demobilization of the seismic crews. One of the Company's major shareholders is planning a trip to Houston, Texas before the end of March to arrange for a further micro-gravimetry survey program over other parts of the Company's properties.
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Headquartered in Phoenix, Arizona, Golden Apple is an independent oil And gas producer with a focus on North and South American properties. The Company applies advanced technologies to systematically explore and develop Its oil and natural gas opportunities. Golden Apple focuses its activities where technology can be used effectively to maximize returns on invested capital by reducing drilling risk and enhancing its ability to cost-effectively grow reserves and production volumes.
Golden Apple Oil and Gas, Inc. has a Canadian office in Toronto, Ontario to facilitate the management of its Canadian operations. All correspondence and communication will continue to be serviced by the company's head office staff in Phoenix Arizona.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.
For more information on Golden Apple Oil and Gas, Inc. including up to date news and market information, please visit http://www.goldenappleoil.com
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