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[Mailutils-i18n] Diamond Equities
[Mailutils-i18n] Diamond Equities
Sun, 07 Aug 2005 07:39:43 +0000
Triton American Energy Corp. (TRAE)
A domestic crude oil and natural gas exploration and production company
Current Price: 0.24
Press Release: Triton American Energy Corp.
TRAE Offers Investors 0pp0rtunity to B u y Working Interest in Wells Announces
Audits Nearly Complete
Triton American Energy Corp. is pleased to announce they are now offering
investors the ability to purchase working interests in several of their oil and
gas wells. In addition to this 0pp0rtunity, Triton American Energy reports
audits are nearly complete and will be updated on the company website on a
quarterly basis. Delay in audits is due to additional assets which are being
reviewed and accounted for.
Below are the current available wells which can be purchased by investors in
the form of cash, cheeck or m0ney 0rder. Each well has potential returns of
greater than 10-1, with return of capital in 6-12 months. Participants who own
working interest in these wells will also experience excellent tax benefits
during a time when energy prices are reaching record levels.
Wells Available For Investor Ownership:
1.) Blackwell Lease in Caldwell County, Texas. 31 total wells are
available for investors to purchase working interest. Working
interest in wells is being sold in three phases. Each phase
will have approximately 10 wells available for investors. With
the utilization of three technologies, potentially 462,000
barrels of oil can be recovered from the field. Current price
of oil $61.00 per barrel.
2.) Graciela Gonzales Lease, Zapata County, Texas. The first well
(Gulf Gonzales #1) re-entered is currently producing in excess of 1.2 million
cubic feet of gas per day. Estimated reserves for both zones combined are
approximately 1 billion cubic feet of gas. Life expectancy for a producing well
in this area is three to five (3-5) years.
3.) North Falcon Dam Developmental Drilling Zapata County, Texas.
The shallow new drill will be a nearby offset to the Gulf
Gonzales #1 located in the same pad. Wells to the south of our
location 2 miles (+/-) have produced in excess of 2-3 bcfg per
well from comparable zones.
For more information, pleasee see company's latest news released.
About Triton American Energy Corporation:
Triton American Energy is an independent crude oil and natural gas and oil
exploration and production company based in Houston, Texas. The Company's
business plan is structured to take advantage of today's rising energy cost,
while reducing as much financial risk as possible. Tritons niche or specialty
are the small to moderate operations (usually 1-50 well projects). These wells
can be worth hundreds of millions of dollars in revenue but require more
hands-on attention then the major producers are willing to give.
The Examples Above Show The Awesome, Earning Potential of Little Known
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May Feel the Time Has Come to Act... And Please Watch
this One Trade Monday and All week! Go TRAE.
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