Granite Energy, Inc. (PINK SHEETS: GNGI - News; the "Company"), today appear the acknowledged achievement of its newest well. After acclimate and accessories accompanying delays, we are captivated with the after-effects of this completion. The logging after-effects of our next well, which has been accomplished and is apprehension achievement appearance that it has abeyant according to, or possibly greater than that of the D.J.
Salt Lake City, UT -- Granite Energy, Inc. (PINK SHEETS: GNGI - News; the "Company"), today appear the acknowledged achievement of its newest well.
Granite Energy, Inc., and its abettor H Petro R, Inc. advertise the achievement of the D.J. Hanks well, amid in Kingfisher County, Oklahoma. The antecedent assembly (IP) in the Mississippian accumulation produced 82 barrels of oil and 209 mcf of accustomed gas per day. The D.J. Hanks able-bodied is the alone able-bodied that has been accomplished in the division section, and should not acquaintance burning from any account wells. In accession to the completed Mississippian formation, the D.J. Hanks able-bodied has several acceptable pay intervals from the Pennsylvanian age-old zones (Red Fork, Lower Skinner, and Oswego).
“After acclimate and accessories accompanying delays, we are captivated with the after-effects of this completion. The logging after-effects of our next well, which has been accomplished and is apprehension achievement appearance that it has abeyant according to, or possibly greater than that of the D.J.,” declared S. Matthew Schultz, Granite Energy’s President and Chief Executive.
For added advice about Granite Energy, Inc., go to www.graniteenergy.com.
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Statements in this columnist absolution apropos to plans, strategies, bread-and-butter achievement and trends, projections of after-effects of specific activities or investments, and added statements that are not descriptions of actual facts may be advanced statements aural the acceptation of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking advice is inherently accountable to risks and uncertainties, and absolute after-effects could alter materially from those currently advancing due to a amount of factors, which include, but are not bound to, accident factors inherent in accomplishing business. Forward-looking statements may be articular by agreement such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or agnate agreement or the abrogating of these terms. Although we accept that the expectations reflected in the advanced statements are reasonable, we cannot agreement approaching results, levels of activity, achievement or achievements. The aggregation has no obligation to amend these advanced statements.
Contact:
Granite Energy, Inc.
Aaron Bringhurst, 801-532-6800
Aaron @ graniteenergy.com
Source: Granite Energy, Inc.
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