GCHR. Golden Chief Places an Additional Well on Production
February 15, 2006 10:00:03 (ET)
LEWISVILLE, Texas, Feb 15, 2006 (BUSINESS WIRE) -- Golden Chief Resources, Inc. (Pink Sheets:GCHR) has placed an additional well on production on the Lindley lease in Montgomery County, Kansas. These operations were completed over the last few days. The Company installed a new downhole pump, and new production tubing on the well. The Company sent fluid samples for chemical analysis for well treatment procedures which can help reduce lease operating expenses.
The Company also began the review of legal and title issues relative to beginning the gas repressurization project on the Ownbey lease. We expect to be able to implement this project as soon as our due diligence process is completed.
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.
