HOUSTON, TX--(Marketwire - 08/26/09) - Timberlake Energy Solutions Inc. -- (Frankfurt:T2YA - News) -- has completed the purchase of the Burns Oil Lease properties situated approximately an hour away from the Kansas-located Dickerson Oil Field Lease.
The Burns Lease has 8 producing wells and 12 non-producing wells on the properties.
Timberlake anticipates re-opening the 12 non-producing wells to bring them up to Timberlake standards. The property was purchased with a cash deposit and 5 monthly payments.
Updates on production and reopening of the wells will be provided as they are made available on the company's website at www.timberlakeenergy.com
Timberlake Energy Solutions has recently launched the company's German website www.timberlakeenergy.de to accommodate our European based shareholders.
About Timberlake Energy Solutions Inc.
Timberlake Energy Solutions Inc. is a junior exploration company focused on purchasing abandoned or under valued oil and gas leases in the United States. With an experienced technical team, these oil and gas wells are refurbished and outfitted with the latest in oil and gas recovery equipment. Timberlake Energy Solutions has advanced technology to reclaim and put these wells back into production, hence increasing the well value significantly. Timberlake operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Lambton and Kent Counties, Ontario. In addition to its main operating focus, the company is actively exploring projects in the Appalachian and Michigan Basins.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Contact:Bob BowersockPresidentTimberlake Energy Solutions Inc.timberlake.ir@gmail.com
Any posts are just an opinion and should not be taken as investment advice. Always do your own DD
