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NEWS 10/20/11 Cambrian Signs LOI for Green County, Kentucky Lease
LEXINGTON, KY, Oct 20, 2011 (MARKETWIRE via COMTEX) -- Cambrian Systems (CAMS) (PINKSHEETS: CAMS) has signed a Letter of Intent to acquire 84 acre lease in the Green County, Kentucky.

Cambrian has begun the required due diligence and project evaluations with the current owner in anticipation of the acquisition, including proposed Work Programs. Our new 84 acre lease is in Green County and lies in the heart of this older oil producing region.

Green County, Kentucky experienced an oil drilling boom from 1958 to 1969. During this time over 20 million barrels of oil were produced from the 289 square miles that the county is comprised of. The property has 7 open hole wells on it. The proposed operator is evaluating potentials for a rework program on these seven oil wells. The final acquisition will be subject to final negotiations, documentation and requisite approvals.

Alex Ipanag, President, stated, "We look forward to working with the current operator in order to move forward now that we have entered into a Letter of Intent. We also continue our plans for growth, through the acquisition of the Green County lease interests." He further stated, "We believe the upside potential for production activity and enhancement on this property utilizing modern state-of-the-art techniques, will present an excellent opportunity for the Company."

About Us

Cambrian is an independent oil and gas company with a primary focus on acquiring, developing and participating in the U.S. crude oil and natural gas properties.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Cambrian Systems, Corp., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information:

Cambrian Systems

Email: Email Contact

Website: www.cambriansystemscorp.com



SOURCE: Cambrian Systems

CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=35247671E07050E6
http://www.cambriansystemscorp.com/

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SUBJECT CODE: Energy and Utilities:Oil and Gas
Energy and Utilities:Pipelines