ORLANDO, FL -- (MARKET WIRE) -- 02/06/07 -- International Energy, Ltd. (PINKSHEETS: ILGY) (FRANKFURT: I9E) is proud to announce negotiations for the potential acquisition of additional oil producing fields in Central Asia.
Also, the Company has commenced the evaluation of oil exploration and production opportunities in South America and hopes to negotiate the potential acquisition of oil producing fields.
CEO David Watson stated: "We now know that there are numerous oil exploration and production opportunities in Central Asia by our activities carried out to date, but we must diversify our projects across the globe in order to best execute our core business strategy."
About International Energy, Ltd.
International Energy, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements, which involve known and unknown risks, and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
CONTACT:
International Energy, Ltd.
D. Watson
Tel: (407) 574-6623
Email: ilgyinfo@yaho
AI
