Frontier Oil and Gas Announces Company Name Change to Alaska Oil and Gas Ltd.
Adopts Alaska Oil and Gas Ltd. as New Company Name -- New Trading Symbol and Website, to be announced
By Staff
HOUSTON, Nov 02, 2004 (PRIMEZONE via COMTEX) --
Frontier Oil and Gas (Pink Sheets:FOGL) announced today it has changed the company's name to Alaska Oil and Gas Ltd. reflecting the company's Alaskan project and 'New Frontier' attitude toward exploration and the company's recent expanded capabilities. The company also reported that its new trading symbol will be effective after the official name change. A new website will also be launched under the Alaska Oil and Gas Ltd.
About Alaska Oil and Gas Ltd. -- (formerly Frontier Oil and Gas Ltd. - www.FrontierOilandGas.com )
Alaska Oil and Gas Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas in partnership with Fowler Oil & Gas through both owned and leased properties within the Cook Inlet oil basin of Alaska. Fowler Oil & Gas is looking to develop both oil and natural gas reserves located in the Cook Inlet oil basin in Alaska. Current Gas Reserve is a fully documented reserve with an estimated 1.9 trillion cubic feet in the Cook Inlet Basin. Current gas reserves for the Cook Inlet Basin are a fully documented reserve estimated by the State of Alaska for the Cook Inlet Basin Region. Cook Inlet basin, located in south-central Alaska where the Fowler property is located, is approximately 250 miles from north to south and 70 miles wide. The basin contains coal deposits within the Tertiary Tyonek Formation across its entire extent and within the Chickaloon Formation at its northeast corner. These coals are part of an extensive continental depositional system in the Tertiary that exceeds 26,000 feet in thickness at the basin center. Tyonek coals beds are abundant and continuous, exceeding 40 feet in thickness.
www.dog.dnr.state.ak.us/oil/programs/shallowgas/coalbed_methane.htm
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. 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.
SOURCE: Frontier Oil & Gas Ltd.
Alaska Oil and Gas Ltd.
M. Mancini
(281) 854-2374
Email:
frontieroil@mail.com
Internet:
www.frontieroilandgas.com
--------------------------------------------------------------------------------
(C) 2004 PRIMEZONE, All rights reserved.
News provided by
