Trophy Resources November Oil Production
November 29 2006 - 12:19PM
Business Wire
Trophy Resources, Inc. (Pink Sheets:TRSI) is pleased to announce
the total oil production from their reworked well on the R&W #1
prospect. �Our initial well continues to clean up and has produced
510 barrels for the month of November,� said Eric Leonetti, Trophy
COO, adding, �With minimal down time this month we have seen
production continue to rise to an average of just over 18 Bbl / day
in a 27 day period.� Trophy�s field operations team continues to
work on locating available equipment (pulling units) in order to
complete their recently drilled well and move on with additional
rework / reentry sites (2 / 3 wells) to add additional production
over the next thirty days. 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 the total oil production from
their reworked well on the R&W #1 prospect. "Our initial well
continues to clean up and has produced 510 barrels for the month of
November," said Eric Leonetti, Trophy COO, adding, "With minimal
down time this month we have seen production continue to rise to an
average of just over 18 Bbl / day in a 27 day period." Trophy's
field operations team continues to work on locating available
equipment (pulling units) in order to complete their recently
drilled well and move on with additional rework / reentry sites (2
/ 3 wells) to add additional production over the next thirty days.
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.
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