Energy Finders, Inc. Leases Exceed 20,000 Acres for the MEGA WEST PROJECT
January 04 2007 - 7:00AM
Business Wire
Energy Finders, Inc., (OTC:EGYF) is pleased to report the
acquisition of an additional 1,116 acres, more or less, for the
Mega West Project. The project now consists of 20,666 acres, more
or less, and additional acreage is being acquired for the project
on a continuing basis. The joint venture partners are finalizing
locations for the core tests, and have acquired significant
additional capital and hired a project manager and support
personnel. Core Drilling is now expected to commence during
February 2007. The project acreage is projected to contain more
than 48 Million Barrels of recoverable oil per each 640-acre
section. Total recoverable reserves are now estimated in excess of
1.4 Billion Barrels of oil. Energy Finders, Inc. holds a 70%
interest in the Joint Venture while Int�l. TME Resources, Inc.
retains a carried 30% Net Profits Interest in the Project. Trinity
Sands Energy, LLC has the right to earn a 50% interest in the
project by meeting certain funding schedules. 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.
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