Energy Finders, Inc. Announces Completion of Geological Overview and Further Developments on MEGA WEST PROJECT
November 08 2006 - 7:00AM
Business Wire
Energy Finders, Inc., (OTC:EGYF) is pleased to report that the new
joint venture partners, Trinity Sands Energy LLC, et al, have
completed the geological overview of existing data on the MEGA WEST
PROJECT. This study makes way for the drilling and coring of two to
four core locations during the �Coring Phase.� The Group
anticipates the commencement of the �Coring Phase� during January
2007. The J.V. Group brings significant capital and exceptional
technical expertise to the MEGA WEST PROJECT. The J.V. Group is
accelerating all phases of their earn-in agreement in order to
attain production. The original joint venture was formed by
International TME Resources, Inc. (ITME), of which Energy Finders,
Inc. is a principal partner. A total of 17,200 acres of land, more
or less, has been acquired in the prospect MEGA WEST PROJECT AREA,
and additional leases are currently being acquired. The prospect is
projected to contain more than 48 Million Barrels of recoverable
Oil per each 640-acre section. A 60% recovery factor is projected
for the Trinity Sands, and the projected recoverable reserves for
the current acreage block is 1.29 Billion Barrels of Oil. Energy
Finders, Inc. holds a 70% interest in the Joint Venture project
while ITME earns a carried 30% net profit interest in the project
and manages lease acquisition. The statements in the press release
that relate to the company's expectations with regard to the future
impact the company's results from acquisitions or actions in
development are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The
statements in this document may also contain �forward-looking
statements'' within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Since the information may contain statements that involve risk and
uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results. For the
Board J. Randolph Hastings, Jr., President Energy Finders, Inc.
Symbol: EGYF 5001 LBJ Freeway, Suite 700 Visit our website at
Dallas, Texas 75244 http://www.EnergyFindersInc.com 972-387-7355
Energy Finders, Inc., (OTC:EGYF) is pleased to report that the new
joint venture partners, Trinity Sands Energy LLC, et al, have
completed the geological overview of existing data on the MEGA WEST
PROJECT. This study makes way for the drilling and coring of two to
four core locations during the "Coring Phase." The Group
anticipates the commencement of the "Coring Phase" during January
2007. The J.V. Group brings significant capital and exceptional
technical expertise to the MEGA WEST PROJECT. The J.V. Group is
accelerating all phases of their earn-in agreement in order to
attain production. The original joint venture was formed by
International TME Resources, Inc. (ITME), of which Energy Finders,
Inc. is a principal partner. A total of 17,200 acres of land, more
or less, has been acquired in the prospect MEGA WEST PROJECT AREA,
and additional leases are currently being acquired. The prospect is
projected to contain more than 48 Million Barrels of recoverable
Oil per each 640-acre section. A 60% recovery factor is projected
for the Trinity Sands, and the projected recoverable reserves for
the current acreage block is 1.29 Billion Barrels of Oil. Energy
Finders, Inc. holds a 70% interest in the Joint Venture project
while ITME earns a carried 30% net profit interest in the project
and manages lease acquisition. The statements in the press release
that relate to the company's expectations with regard to the future
impact the company's results from acquisitions or actions in
development are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The
statements in this document may also contain "forward-looking
statements'' within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Since the information may contain statements that involve risk and
uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results. For the
Board -0- *T J. Randolph Hastings, Jr., President Energy Finders,
Inc. Symbol: EGYF 5001 LBJ Freeway, Suite 700 Visit our website at
Dallas, Texas 75244 http://www.EnergyFindersInc.com 972-387-7355 *T
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