GCHR .015 - OIL and GAS - I've spoken with this company a few times. It trades as if it is dead but so far they are doing everything they indicated they would do. They recently announced progress with their properties and prospects.
Stock price is a function of MM sponsorship. They recently became fully filing and today they have a new transfer agent and the next step is to get a MM to really make a market. They claim to have that and we should see a real market soon.
Today's filing and 9/28/05 PR follow
Item 8.01. Other Events.
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On October 17, 2005 the Registrant's board of directors voted to appoint Routh
Stock Transfer, 5700 W. Plano Parkway #1000 Plano, Texas 75093 as the Company's
transfer agent replacing Fidelity Transfer Company of Salt Lake City, Utah. The
change was made to provide more convenience and accountability for this function
and will be effective October 24, 2005.
Dated: October 19, 2005
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Golden Chief Acquires Additional Properties
Wednesday September 28, 12:08 pm ET
LEWISVILLE, Texas--(BUSINESS WIRE)--Sept. 28, 2005--Golden Chief Resources, Inc. (Pink Sheets:GCHR - News) has finalized the acquisition of an oil and gas property located in Chautauqua County, Kansas. The property was acquired for the issuance of common stock and the property consists of existing producing gas wells as well as certain shut-in wells capable of producing oil. Additionally, the Company acquired an undeveloped lease consisting of 160 acres located in Jefferson County, Kansas. This property is a candidate for the drilling of at least two wells to test the McClouth and Burlington-Keokuk formations. The Company expects to arrange for the funds to drill these two wells during the next 60 days.
The Company has also completed testing and planning for the resumption of production on the Ownbey and Troyer leases in southeast Kansas. We expect to resume limited production early next month while planning for the implementation of the gas repressurization project on the Ownbey.
On Monday, September 27, 2005 the Company filed the remaining 10-Q's for this year. This makes the Company "current" in its filings to the SEC. Our next filing will be the 10-K for the year ending September 30, 2005. We expect to make this filing during December of this year.
Where this statement includes "forward-looking" statements within the meaning of Section 27A of the Securities Act, the Company desires to take advantage of the "safe harbor" provisions thereof. Therefore, the Company is including this statement for the express purpose of availing itself of the protections of such safe harbor provisions with respect to all of such forward-looking statements. The forward-looking statements in this announcement reflect the Company's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated. In this announcement, the words "anticipates," "believes, "expects," "intends," "future" and similar expressions identify forward- looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that may arise after the date hereof. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this statement.
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Contact:
Golden Chief Resources, Inc., Lewisville
Mike McIlvain, 972-219-8585
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Source: Golden Chief Resources, Inc.
