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Sunday, July 23, 2006 8:22:09 PM
HLVC chart oil and gas stock.
http://stockcharts.com/c-sc/sc?s=HLVC&p=D&yr=0&mn=1&dy=0&i=t07109187258&r=99...
HLV Trading, Inc. Acquires Another Petroleum and Natural Gas Rights
7/22/2006 6:39:31 PM
NEW YORK, NEW YORK, Jul 22, 2006 (CCNMatthews via COMTEX) -- HLV Trading, Inc. (PINK SHEETS:HLVC) today announced that the Company has purchased 33.3% interest petroleum and natural gas rights to another 640 acres of land in the "Foremost" Region bordered between Alberta and Montana.
HLVC is set to explore petroleum and natural gas reserves in this newly acquired property. This area is well known for its oil and gas reserves whereas Based on nearby production, it is anticipated that there could be up to two productive gas zones within a shallow depth of less than 2000 feet within primary target of the Sunburst zone and the secondary target the White Specs zone. There is neighboring production in the area, and as a result there is good infrastructure nearby, which will facilitate getting potential production to market in a timely and cost efficient manner.
The Company's next step will be to fine tune its geologic model by reviewing any available industry seismic and or shooting our own additional seismic with a view to optimizing our drill locations. Seismic is a very useful tool in this geologic setting comprised of channel sands.
Additionally, HLVC is undertaking steps to apply for name and symbol change to reflect the new direction that the company is pursuing. News of the same will be announced if and when the name and symbol changes are approved.
"We are excited about the opportunity before us," commented Charles Voccaro, President and CEO of HLV Trading, Inc. "HLVC is set to explore petroleum and natural gas reserves in this acquired property and others that it may acquire in a next several months," Concluded Voccaro.
About HLV Trading
HLV Trading, Inc. an equity trading company has now embarked on a focus of responsible development, exploration, and exploitation of oil and gas resources in North America. HLVC is an emerging junior oil and gas company financially well connected, coupled with a strong management and technical team focused on exploiting oil and gas reserves in North America.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
SOURCE: HLV Trading, Inc.
HLV Trading, Inc.
Charles Voccaro
(212) 221-3715
charlesv@hlvtrading.com
www.hlvtrading.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
http://stockcharts.com/c-sc/sc?s=HLVC&p=D&yr=0&mn=1&dy=0&i=t07109187258&r=99...
HLV Trading, Inc. Acquires Another Petroleum and Natural Gas Rights
7/22/2006 6:39:31 PM
NEW YORK, NEW YORK, Jul 22, 2006 (CCNMatthews via COMTEX) -- HLV Trading, Inc. (PINK SHEETS:HLVC) today announced that the Company has purchased 33.3% interest petroleum and natural gas rights to another 640 acres of land in the "Foremost" Region bordered between Alberta and Montana.
HLVC is set to explore petroleum and natural gas reserves in this newly acquired property. This area is well known for its oil and gas reserves whereas Based on nearby production, it is anticipated that there could be up to two productive gas zones within a shallow depth of less than 2000 feet within primary target of the Sunburst zone and the secondary target the White Specs zone. There is neighboring production in the area, and as a result there is good infrastructure nearby, which will facilitate getting potential production to market in a timely and cost efficient manner.
The Company's next step will be to fine tune its geologic model by reviewing any available industry seismic and or shooting our own additional seismic with a view to optimizing our drill locations. Seismic is a very useful tool in this geologic setting comprised of channel sands.
Additionally, HLVC is undertaking steps to apply for name and symbol change to reflect the new direction that the company is pursuing. News of the same will be announced if and when the name and symbol changes are approved.
"We are excited about the opportunity before us," commented Charles Voccaro, President and CEO of HLV Trading, Inc. "HLVC is set to explore petroleum and natural gas reserves in this acquired property and others that it may acquire in a next several months," Concluded Voccaro.
About HLV Trading
HLV Trading, Inc. an equity trading company has now embarked on a focus of responsible development, exploration, and exploitation of oil and gas resources in North America. HLVC is an emerging junior oil and gas company financially well connected, coupled with a strong management and technical team focused on exploiting oil and gas reserves in North America.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
SOURCE: HLV Trading, Inc.
HLV Trading, Inc.
Charles Voccaro
(212) 221-3715
charlesv@hlvtrading.com
www.hlvtrading.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
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