VXEN .58..i am adding this to my core energy group holdings:
(COMTEX) B: VTEX Announces a Three Well Workover Program at Bateman Lake (
PRNewswire-FirstCall )
B: VTEX Announces a Three Well Workover Program at Bateman Lake ( PRNewswire-Fir
tCall )
HOUSTON, Apr 28, 2004 /PRNewswire-FirstCall via COMTEX/ -- VTEX Energy, Inc.
(OTC Bulletin Board: VXEN) announced today that it has established a new credit
line that will allow it to commence a three well workover program at its Bateman
Lake property in St. Mary Parish, Louisiana.
"This represents the commencement of a program to begin the development of the
Company's significant behind pipe reserves," said Stephen Noser, President.
VTEX Energy, Inc. is a Houston based company primarily engaged in the
acquisition, development, and production of natural gas and crude oil. At April
30, 2003, the Company had over $71 million in proved reserves. These reserves
are concentrated in two fields: Bateman Lake located in St Mary Parish,
Louisiana and Mustang Island 818-L located in State waters offshore Texas.
This report includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934. The information in this news release includes certain
forward-looking statements that are based upon assumptions that in the future
may prove not to have been accurate and are subject to significant risks and
uncertainties, including statements as to the future performance of the company.
Although the Company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance that such
expectations or any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not limited to,
successful performance of internal plans, product development acceptance, and
the impact of competitive services and pricing and general economic risks and
uncertainties.
SOURCE VTEX Energy, Inc.
CONTACT: VTEX Energy, Inc., +1-713-773-3284
(VXEN)
prnewswire.com
Copyright (C) 2004 PR Newswire. All rights reserved.
-0-
KEYWORD: Texas
Louisiana
INDUSTRY KEYWORD: OIL
OTC
SUBJECT CODE: FNC
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