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Gold/Mining/Energy : EFCR - Energy Producers, Inc. (Firecreek)
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From: Tadsamillionaire9/10/2005 8:57:52 AM
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Firecreek through its subsidiary operations, Firecreek Romania, SRL, is currently reviewing the possibility of acquiring oil fields from PETROM and the National Agency for Mineral Resources (NAMR) for rehabilitation and development.

Additionally, Firecreek has a proposal to become the strategic partner of OMV/PETROM in the rehabilitation and management of a yet undetermined number of fields. Many of these fields are in decline or in need of significant rehabilitation through technology, reservoir management and capital infusion. Firecreek anticipates that the current number of fields in the existing proposal in review, will be expanded from four, having approximately 1,086 wells, to at least 10 fields having a significant number of potentially improved producing wells.

Firecreek has additionally entered into a consultancy agreement with S.C. RCI Group de Consultanta SRL in Bucharest, Romania. They have brought to the table several opportunities in Romania and Kazakhstan that can be acquired under favorable terms in a short period of time. Currently under the agreement, they are preparing to conduct a detailed geologic and engineering assessment of 6 oilfields in Kazakhstan, one temporarily shut-in oilfield with over 2.4 million

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