Thursday, September 22, 2005 1:52:18 PM
Aspen Exploration Ranked Second Fastest Growing Company by Oil and Gas Financial Journal
Thursday September 22, 1:16 pm ET
Company Also Places in Top 10 in Total Revenue, Assets and Stockholder Equity Growth
DENVER, CO--(MARKET WIRE)--Sep 22, 2005 -- Aspen Exploration Corporation (OTC BB:ASPN.OB - News), with offices in Bakersfield, California, and Denver, Colorado, announced today that it is featured in the September, 2005 issue of the Oil and Gas Financial Journal, a leading publication for the oil and gas industry. In a report ranking the fastest-growing oil and gas companies, Aspen was ranked as the second fastest growing company among 135 publicly listed companies based upon results through March 31, 2005. The publication noted that the Company had return on total revenue of 60.3%, ranking fourth, return on Stockholder Equity by 10.7%, ranking sixth and return on Total Assets by 9.2%, ranking fourth among public companies.
In addition, the Company was featured in the September issue of Oil and Gas Investor in a story titled "Harvesting The Sacramento". The story noted that "long after the Sacramento Basin's natural gas reserves were believed exhausted, seismic-savvy operators are still tapping overlooked multiple pay zones."
Aspen has drilled six successful gas wells out of seven attempts in 2005 and ten successful gas wells out of ten attempts in 2004. During the last 5 years, Aspen has participated in the drilling of 31 operated wells, 27 of which were completed as gas wells, and 4 dry holes which were plugged and abandoned, a success rate of 87%. Aspen currently operates 49 gas wells and has non-operated interests in 15 additional wells in the Sacramento Valley of northern California.
Future news releases will keep shareholders informed of Aspen's continuing progress and drilling activity. Aspen's stock is quoted on the OTC Bulletin Board under the symbol ASPN. For more information concerning Aspen, contact Bob Cohan, President and CEO, in Aspen's Bakersfield office at (661) 831-4669. Aspen's web page can be found at www.aspenexploration.com.
DISCLAIMER
This news release contains information that is "forward-looking" in that it describes events and conditions which Aspen Exploration Corporation ("Aspen") reasonably expects to occur in the future. Expectations for the future performance of the business of Aspen are dependent upon a number of factors, and there can be no assurance that Aspen will achieve the results as contemplated herein and there can be no assurance that Aspen will be able to conduct its operations or production from its properties will continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks which are beyond Aspen's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to: the possibility that the described operations (including any proposed exploration or development drilling) will not be completed on economic terms, if at all, or the estimates of reserves may not be accurate. The exploration for, and development and production of, oil and gas are enterprises attendant with high risk, including the risk of fluctuating prices for oil and natural gas, imports of petroleum products from other countries, the risks of not encountering adequate resources despite expending large sums of money, and the risk that test results and reserve estimates may not be accurate, notwithstanding appropriate precautions. Many of these risks are described herein and in Aspen's annual report on Form 10-KSB, and it is important that each person reviewing this report understand the significant risks attendant to the operations of Aspen. Aspen disclaims any obligation to update any forward-looking statement made herein.
ASPEN EXPLORATION CORPORATION
2050 S. Oneida St., Ste. 208
Denver, CO 80224-2426
Telephone: (303) 639-9860
Fax: (303) 639-9863
Email: aecorp2@qwest.net
Web Site: http://www.aspenexploration.com
Contact:
Contact:
Bob Cohan
Company: Aspen Exploration Corporation
Phone: 661-831-4669
Fax: 661-831-4661
Email: robertacohan@igalaxy.net
URL: http://www.aspenexploration.com
--------------------------------------------------------------------------------
Source: Aspen Exploration Corporation
Thursday September 22, 1:16 pm ET
Company Also Places in Top 10 in Total Revenue, Assets and Stockholder Equity Growth
DENVER, CO--(MARKET WIRE)--Sep 22, 2005 -- Aspen Exploration Corporation (OTC BB:ASPN.OB - News), with offices in Bakersfield, California, and Denver, Colorado, announced today that it is featured in the September, 2005 issue of the Oil and Gas Financial Journal, a leading publication for the oil and gas industry. In a report ranking the fastest-growing oil and gas companies, Aspen was ranked as the second fastest growing company among 135 publicly listed companies based upon results through March 31, 2005. The publication noted that the Company had return on total revenue of 60.3%, ranking fourth, return on Stockholder Equity by 10.7%, ranking sixth and return on Total Assets by 9.2%, ranking fourth among public companies.
In addition, the Company was featured in the September issue of Oil and Gas Investor in a story titled "Harvesting The Sacramento". The story noted that "long after the Sacramento Basin's natural gas reserves were believed exhausted, seismic-savvy operators are still tapping overlooked multiple pay zones."
Aspen has drilled six successful gas wells out of seven attempts in 2005 and ten successful gas wells out of ten attempts in 2004. During the last 5 years, Aspen has participated in the drilling of 31 operated wells, 27 of which were completed as gas wells, and 4 dry holes which were plugged and abandoned, a success rate of 87%. Aspen currently operates 49 gas wells and has non-operated interests in 15 additional wells in the Sacramento Valley of northern California.
Future news releases will keep shareholders informed of Aspen's continuing progress and drilling activity. Aspen's stock is quoted on the OTC Bulletin Board under the symbol ASPN. For more information concerning Aspen, contact Bob Cohan, President and CEO, in Aspen's Bakersfield office at (661) 831-4669. Aspen's web page can be found at www.aspenexploration.com.
DISCLAIMER
This news release contains information that is "forward-looking" in that it describes events and conditions which Aspen Exploration Corporation ("Aspen") reasonably expects to occur in the future. Expectations for the future performance of the business of Aspen are dependent upon a number of factors, and there can be no assurance that Aspen will achieve the results as contemplated herein and there can be no assurance that Aspen will be able to conduct its operations or production from its properties will continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks which are beyond Aspen's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to: the possibility that the described operations (including any proposed exploration or development drilling) will not be completed on economic terms, if at all, or the estimates of reserves may not be accurate. The exploration for, and development and production of, oil and gas are enterprises attendant with high risk, including the risk of fluctuating prices for oil and natural gas, imports of petroleum products from other countries, the risks of not encountering adequate resources despite expending large sums of money, and the risk that test results and reserve estimates may not be accurate, notwithstanding appropriate precautions. Many of these risks are described herein and in Aspen's annual report on Form 10-KSB, and it is important that each person reviewing this report understand the significant risks attendant to the operations of Aspen. Aspen disclaims any obligation to update any forward-looking statement made herein.
ASPEN EXPLORATION CORPORATION
2050 S. Oneida St., Ste. 208
Denver, CO 80224-2426
Telephone: (303) 639-9860
Fax: (303) 639-9863
Email: aecorp2@qwest.net
Web Site: http://www.aspenexploration.com
Contact:
Contact:
Bob Cohan
Company: Aspen Exploration Corporation
Phone: 661-831-4669
Fax: 661-831-4661
Email: robertacohan@igalaxy.net
URL: http://www.aspenexploration.com
--------------------------------------------------------------------------------
Source: Aspen Exploration Corporation
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
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