TRSI Trophy Resources Inc (PK)

Trophy Resources, Inc. (Pink Sheets:TRSI) is pleased to announce that they have sold the first commercial quantity of oil produced by their initial reworked well in Southwest Texas. �The Sunoco Oil Company has been contracted to perform the oil pickups from these properties and made the first pickup of approximately 190 barrels late last week,� reported Eric Leonetti, Trophy COO. �This first production came from about two and a half weeks of on and off pumping as we worked out the bugs in our new electrical systems and fixed some minor problems with the separators. With this behind us we hope to see the Bbl/day quantity begin to increase,� added Mr. Leonetti. Trophy is also in the process of determining the best productive zone to complete their recent drilling project to. They hope to have this process complete by the end of this week with the prospect of having this new well on line by mid November. Trophy will now be concentrating on reworking a minimum of two other wells in close vicinity and beginning a second drilling project (based on rig availability). With all other field repairs complete on this location, Trophy appears primed to move at an even more accelerated pace. This project as part of the second Phase of R&W #1 is located in Runnel County Texas. Runnel County Texas has produced tens of millions of barrels of oil and is geologically situated within a trend of Pennsylvania Age productive reservoirs comprised of limes and sands between the Bend Arch Axis and the Fort Chadbourne fault system. This Southwest Texas prospect encompasses multiple leases covering an area over 600 acres. Development in the prospect is expected to continue for the next 18 to 24 months. The Company anticipates having more than twenty-five wells on-line in this period using a combination of methods including re-entry work, new drilling and a water flood program. About Trophy Resources Trophy Resources, Inc. (www.trophyoil.com) is a publicly traded company dedicated to building a diverse portfolio of high value, low risk energy and mining projects. The Company�s goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources, Inc. is an exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Trophy's financial and contractual obligations, Trophy's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. Trophy Resources, Inc. (Pink Sheets:TRSI) is pleased to announce that they have sold the first commercial quantity of oil produced by their initial reworked well in Southwest Texas. "The Sunoco Oil Company has been contracted to perform the oil pickups from these properties and made the first pickup of approximately 190 barrels late last week," reported Eric Leonetti, Trophy COO. "This first production came from about two and a half weeks of on and off pumping as we worked out the bugs in our new electrical systems and fixed some minor problems with the separators. With this behind us we hope to see the Bbl/day quantity begin to increase," added Mr. Leonetti. Trophy is also in the process of determining the best productive zone to complete their recent drilling project to. They hope to have this process complete by the end of this week with the prospect of having this new well on line by mid November. Trophy will now be concentrating on reworking a minimum of two other wells in close vicinity and beginning a second drilling project (based on rig availability). With all other field repairs complete on this location, Trophy appears primed to move at an even more accelerated pace. This project as part of the second Phase of R&W #1 is located in Runnel County Texas. Runnel County Texas has produced tens of millions of barrels of oil and is geologically situated within a trend of Pennsylvania Age productive reservoirs comprised of limes and sands between the Bend Arch Axis and the Fort Chadbourne fault system. This Southwest Texas prospect encompasses multiple leases covering an area over 600 acres. Development in the prospect is expected to continue for the next 18 to 24 months. The Company anticipates having more than twenty-five wells on-line in this period using a combination of methods including re-entry work, new drilling and a water flood program. About Trophy Resources Trophy Resources, Inc. (www.trophyoil.com) is a publicly traded company dedicated to building a diverse portfolio of high value, low risk energy and mining projects. The Company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources, Inc. is an exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Trophy's financial and contractual obligations, Trophy's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.