Heartland Oil and Gas Corp. Negotiates for Pipeline Extension in Advance of Additional Drilling and Well Completions and Connections
SPRING HILL, Kan., Sep 13, 2007 (BUSINESS WIRE) -- Heartland Oil and Gas Corp. (OTCBB:HTOG) (FWB:HOCA) has negotiated to extend its contract with Double J Pipeline Construction of Baldwin, Kansas in order to connect additional wells to the sales line in its Cherokee Basin Coalbed Methane Field in Southeastern Kansas. In phase one of this project, the pipeline will be extended by 6 miles to connect 18 additional wells, including one of the previously completed wells that has been venting natural gas for over one year.
"With the assistance of Double J and UPDA's Aztec Well Service subsidiary as well as other subcontractors, we expect to permit, drill, complete and connect as many as 5 new wells per week," reports Heartland CEO Steven A. Fall. "Aztec is ready to begin drilling on the 4 sites we recently permitted while our land department finalizes the title work and application process for 5 more. At the same time, our completion contractor is perforating the wells we recently drilled while Double J connects them to the gathering system."
In addition to the work being performed at its Lancaster and Jake Pilots, Heartland is also negotiating with landowners near its Osawatomie and Beagle Pilots in order to obtain rights of way to connect seven more venting wells to the sales line and further develop drilling programs in those areas.
About Heartland Oil and Gas Corp.
In April 2007, Universal Property Development and Acquisition Corporation (OTC BB: UPDA) (FWB: UP1) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA acquired additional wells and acreage in Palo Pinto County, Texas with current production of approximately 1000 mcfg/day and will soon transfer those wells as well as all of its wells and acreage in Jack County, Texas to Heartland.
For further information, 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.
SOURCE: Heartland Oil and Gas Corp.
CONTACT: Heartland Oil and Gas Corp.
Jack Baker (Investor Relations), 561-630-2977
info@heartlandoilandgas.com
Copyright Business Wire 2007
