Blue Earth Resources, Inc. Updates Shareholders on Production Progress
April 29 2014 - 4:45PM
Marketwired
Blue Earth Resources, Inc. Updates Shareholders on Production
Progress
INVER GROVE HEIGHTS, MN--(Marketwired - Apr 29, 2014) - (OTC
Pink: BERI) (PINKSHEETS: BERI) -- Mr. John Lai, President of Blue
Earth Resources, Inc. (BERI), announced today that Mr. Sartor put
the Hunter Mannies #4 into production last Friday afternoon.
The HM #4 produced 20 barrels over the weekend. HM # 4 also has
good natural gas which Mr. Lai hopes to have going into the sales
line for natural gas.
Mr. Sartor is starting on the HM #1 no later than tomorrow, and
should have it in production in the first week of May. The outlook
for HM #1 well is 180 to 240 barrels a month.
BERI has sold around 600 barrels for each of the last two
months. By getting the HM wells back online Mr. Lai is looking for
1,000 barrels of oil per month, and is targeting the end of
June to be putting natural gas into the pipe line.
About Blue Earth Resources Inc.: Blue Earth Resources Inc. is
trading on the OTCPINK under the symbol BERI. The Company is an
independent oil and gas company engaged in the acquisition,
development and production of oil and natural gas reserves. The
Company seeks to deliver strong shareholder returns through an
effective exploration and development program that incorporates
sound business practices with the strong experience of our
management team. The goal is to steadily increase proven reserves
of oil and natural gas -- which, in turn, will lead to enhanced
cash flows and earnings per share.
The foregoing material may contain forward-looking statements.
We caution that such statements may be subject to uncertainties and
that actual results could differ materially from the fore-going
statements. Readers accordingly should not place undue reliance on
these forward-looking statements, which do not reflect unknown or
unanticipated events or circumstances occurring after the date of
these forward-looking statements.
Blue Earth Resources Inc. Contact: John Lai 952-838-3838 Email:
jlai@blueearthresources.com
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