Alaska Pacific Energy Corp. Issues More Information Regarding Their Letter Of Intent To Purchase Eagle Ford Shale Drill Site In McMullen County, Texas
MIAMI, April 25, 2013 /PRNewswire/ -- Alaska Pacific Energy Corp. (OTC PINK: ASKE) announced ten days ago that it has issued a letter of intent to purchase 100% of the mineral rights on 40 acres in McMullen County, Texas. In that release the Company had indicated that it would release more specific information later that week. "Everything seems to take longer than expected," said Company President Dominick Falso. "However I can now say that the deal is moving along as expected. Also I have received numerous telephone calls and emails asking about the drill site. I can say that the site is in the middle of petrohawks (hk) hawkville field which is a multi billion dollar company. As I have mentioned before, we have funders that are willing to get involved with deals for a piece of the deal, contingent upon the merits of the deal and as I have previously stated, this one acquisition could produce hundreds of thousands of dollars per month in revenues in exchange for an investment of less than half a million dollars ...I am very excited."
The Shale Energy Insider, an Industry Journal, reported on the propose transaction on April 17 th, 2013 which can be found online. The Company has also been looking at other oil and gas opportunities both in Texas and other states and hopes to be making offers on at least two additional opportunities in the near future.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
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