SAN ANTONIO, Aug. 5, 2011 /PRNewswire/ -- Gulfmark Energy
Group, Inc. (OTCBB: GMEI) is pleased to announce its wholly
owned subsidiary, Gulfmark Resources, Inc., has filed for drilling
permits with the Texas Railroad Commission and intends to drill its
initial test well on its 4,261 acre Kiefer
Lease in Zavala County,
Texas, upon permit approval. The Kiefer lease is situated in
the northwestern portion of the oil window of the Eagleford Shale
trend of South Texas. Gulfmark
intends to drill vertically through the Escondido, Olmos,
San Miguel, Austin Chalk and Eagleford Shale formations and
will evaluate results by open hole logs and core samples. The
Company's primary objective is to penetrate the Eagleford Shale and
plans to drill horizontally approximately 3,000 to 4,000 feet upon
reaching this prolific shale play.
Michael Ward, President and CEO,
stated, "With recent discoveries within the Eagleford Shale
formation, we are very excited to begin our development drilling
program and increase our shareholder value. With success through
the drill bit, we hope to expand our horizons and fully exploit the
resources that lie within our leasehold."
Please visit the Company's website at
http://gulfmarkenergygroup.com/ for more information.
About Gulfmark Energy Group, Inc.
Gulfmark Energy Group, Inc. is focused on the acquisition,
exploration, drilling, development, production and sale of natural
gas, crude oil, and natural gas liquids, primarily from
conventional reservoirs within North
America. The Company intends to optimize its use of workover
and drilling equipment to develop its properties. Efforts are
currently concentrated in Western South
Texas.
Investor Contact :
Michael Ward, President &
CEO
210-524-9725
mward@gulfmarkenergygroup.com
Forward-looking Statements:
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended)
concerning future events and the Company's growth and business
strategy. Words such as "expects," "will," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates," and variations on
such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates that are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that could
cause actual results to differ materially include, but are not
limited to, changes in the Company's business; competitive factors
in the market(s) in which the Company operates; risks associated
with oil and gas operations in the United
States; and other factors listed from time to time in the
Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Cautionary Note to U.S. Investors -- The United States
Securities and Exchange Commission permits oil and gas companies,
in their filings with the SEC, to disclose only proved reserves
that a company has demonstrated by actual production or conclusive
formation tests to be economically and legally producible under
existing economic and operating conditions. We use certain terms in
this press release, such as "probable," "possible," "recoverable"
or "potential" reserves among others, that the SEC's guidelines
strictly prohibit us from including in filings with the SEC.
Investors are urged to consider closely the disclosure in our
filings with the SEC.
SOURCE Gulfmark Energy Group, Inc.
