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Gold/Mining/Energy : Trinity Energy Resources, Inc. (TRGC) -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Nose who wrote (560)	6/9/1999 2:23:00 PM
From: Kenny	Read Replies (2) \| Respond to of 945

Nose June 09, 1999 11:05 Trinity Energy Resources, Inc. Announces Plans to Increase Domestic Production HOUSTON, June 9 /PRNewswire/ -- Trinity Energy Resources, Inc., (OTC Bulletin Board: TRGC) today announced plans to potentially increase its net daily oil and gas production more than 500% over current levels in its domestic well inventory located in Texas, Colorado and Wyoming. According to Michael L. Wallace, Trinity president, "The company is ready, upon capitalization, to address various recompletion options in an effort to increase current daily oil and gas production." According to Wallace the company operates a lease in Brown County, TX, which is currently not producing. "This facility has the potential for production, and is under further review relating to potential workovers," he said. Wallace said the company's lease in Ward County, TX has "significant upside potential, with strong evidence suggesting enhanced stimulation, involving a larger sand-frac than was originally applied to the zone, may yield a substantial increase in barrels of oil per day and a jump in daily gas production. The key to these production rates is related to proper frac proppant design and appropriate fracture growth," he said. Wallace said the company's Wyoming interests lie in three separate fields. An additional well is being studied with regard to nominal repairs which are expected to yield a production increase. Trinity's interest in Colorado covers numerous leases over some 3,560 acres in the Comanche Creek/Deadeye Field area. The potential for production from as many as 20 wells within the lease-hold is indicated. "It appears feasible to increase both daily oil and gas production significantly," Wallace said. "This production increase will be sourced from both enhanced capabilities of currently producing wells and from wells which can be brought back online after proper repairs and stimulation." Trinity Energy Resources, Inc., formerly Trinity Gas Corporation, recently launched a recapitalization bid in the form of a Rights Offering to qualified, existing shareholders. Earlier, the company announced the signing, in conjunction with a consortium of two other independent energy partners, of a Convention Agreement which provides for an Exploration Permit "H" covering 108-million acres in the Republic of Chad. The consortium plans to spend approximately $59 million on exploration activities during the next 11 years. For more information on Trinity Energy Resources, Inc., visit the company's website at www.trinityenergy.com. SOURCE Trinity Energy Resources, Inc. /CONTACT: Susan Moon of MedPros, 281-444-3677, or email, medpros@flash.net, for Trinity Energy Resources, Inc./ /Web site: trinityenergy.com (TRGC) TRINITY ENERGY RESOURCES INC - TRGC Price 0.2750 Net Change 0.0000 Volume (000) 0 Day High 0.0000 Day Low 0.0000 as of 06/09/99 14:19 PM EDT Only $9.99 per trade. More Info TRGC Stocks News Symbol Name Advanced Search