GCHR
Golden Chief Resources, Inc. Workovers Completed
LEWISVILLE, Texas, Feb 08, 2006 (BUSINESS WIRE) -- Golden Chief Resources, Inc. (Pink Sheets:GCHR) has re-worked and installed new production equipment on three wells on the Lindley lease in Montgomery County, Kansas. These operations began more than a week ago and were completed yesterday due to weather related delays. The Company installed new downhole pumps, new production tubing, and optimized pumping systems on the wells. All three wells are currently producing oil, but, actual production data is not yet available, however the Company expects to see significant improvement over the next few weeks.
We are currently awaiting the finalization of the audit of the Company's financial statements as of September 30, 2005. It is expected that the results will be completed in the next ten days.
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. |
