Replies to post #197 on Topaz Resources Inc. (TOPZ)

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Topaz Launches New Website
May 4, 2010 11:42:00 AM


DENTON, TX -- (MARKET WIRE) -- 05/04/10 -- Topaz Resources, Inc. (OTCBB: TOPZ), an independent oil and gas company ("Topaz" or the "Company"), today announced that it has launched its new website at www.topazresourcesinc.com, which offers a wide spectrum of information about the company, its structure, its properties and the oil and gas sector.

"We would like to take this opportunity to invite everyone to follow our website as we grow Topaz Resources into a significant company in the oil and gas sector," stated Edward J. Munden, President and CEO of Topaz Resources.

About Topaz Resources

Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas. For more information please visit www.topazresourcesinc.com.

Forward-Looking Statements: This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:
Natalie Bannister
Investor Relations
573.631.2193
Email Contact

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http://www.topazresourcesinc.com/

Topaz Area Of Operation

Topaz has focused its attention on North-Central producing formations located within approximately 15 counties immediately northwest of Dallas, Texas. Within these counties, the Barnett Shale/Newark East field has become one of the biggest natural gas plays and drilling booms in the continental United States and the largest producing gas field in Texas. Topaz has access to an extensive portfolio of producing and to-be-developed natural gas properties/projects throughout north, central and west Texas.

The Barnett Shale/Newark East field has become one of the biggest natural gas plays and drilling booms in the continental United States and the largest producing gas field in Texas. The Barnett is located within approximately 15 counties immediately northwest of Dallas, Texas. Improved completion techniques have allowed operators to more than double daily production in the Barnett since 2006 to about 4 billion cubic feet ("Bcf") per day from over 6,000 Barnett wells. The drilling activity is intense with ±70 rigs running in the area. The play has drawn attention from small/fledgling participants to some of the nation's largest public energy companies.

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The Barnett Gas Project

Topaz has approximately 3,300 Barnett gross acres in the natural gas heart of the Barnett play and surrounded by existing production and current drilling activity. Approximately 1,850 of this Barnett acreage were included in a 2006 farm-out agreement. Under this agreement the Topaz group participated in drilling and completing sixteen wells, all of which were successful commercial wells. Six of these wells were funded and acquired by a privately held company and ten wells have been acquired by Pioneer Natural Resources Company ("NYSE:PXD").

Our immediate capital budget includes drilling one to three new Barnett horizontal gas well at a depth of 8,000 to 9,000 feet. Topaz's acreage in this project area easily could accommodate drilling 20 to 30 new horizontal Barnett wells.