NEWS!!!
August 13, 2007 - 5:29 AM EST
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HOCA N/A N/A
Today 5d 1m 3m 1y 5y 10y
HTOG 1.14 0.00
Today 5d 1m 3m 1y 5y 10y
UPDA 0.04 0.00
Today 5d 1m 3m 1y 5y 10y
Flow Lines Installed and Bids for Well Perforation and Stimulation Granted for Heartland Coalbed Methane Field in Kansas - Additional Barnett Shale Completions Set for Palo Pinto Field in Texas
The contractor retained by Aztec Well Services, Inc., a subsidiary of Universal Property Development and Acquisition Corporation (OTC BB: UPDA, UP1.F, UP1.BE, UP1.DE, UP1.MU, UP1.SG) has 90% of the flow lines in the ground and back filled on 5 wells in Heartland Oil and Gas Corp.’s (OTCBB: HTOG) (FWB: HOCA) coalbed methane field located in the Cherokee Basin in Southeastern Kansas.
On Tuesday, August 14, 2007, Double J Pipeline Construction of Baldwin, Kansas will start road bores in order to fuse the newly installed flow lines and pressure check the connections to the Clausen 24-6, Oberheide 14-8, Peckman 11-17, Peckman 41-18, and the Peckman 21-18 wells.
While Aztec continues work on the wells in Kansas, Heartland is also preparing to continue the improvement of its newly acquired properties in Texas. In Palo Pinto County, the Barron #3 was recently completed in the Barnett Shale and is flowing approximately 1 MMcf/d to the sales line. Heartland is making plans to recomplete an additional 6 wells that have Barnett Shale behind pipe and to convert an existing well or drill a new well for disposal of the water being generated.
In Jack County, Texas, Heartland has retained Schlumberger to run a cased hole log in order to help evaluate the potential for production from the Conglomerate Zone of several of its wells in the Catlin Oil and Gas Field it has recently agreed to acquire from UPDA. This work should be commenced within the week, after completion of certain road improvements in the field.
For further information, please visit www.heartlandoilandgas.com
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Investor Relations:
Heartland Oil and Gas Corp.
Jack Baker, 561-630-2977
info@heartlandoilandgas.com
Source: Business Wire (August 13, 2007 - 5:29 AM EST)
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