Business News: Kentucky USA Energy, Inc. Updates Shareholders On Production
Kentucky USA Energy, Inc. ( “Company”) /! Quotes/comstock/11k Kyus (Kyus 0.36, 0.05, 16.13%), stage development of deposits production company of natural gas provides an update for its natural gas production company completed drilling in the New Albany Shale, and the Dutch Creek Formation in western Kentucky. The company has yet 17 holes, including 16 completed and 15 were in the pipeline, which built the company to the grove collection and processing facility owned in part by Seminole Energy Services, LLC work related (drilled “Seminole”). Gas sales, as is our Tie-In Seminole plant in October 2009 and was discontinued due to disruptions in narrow limits at the plant due to higher prices for gas, the company has established flowing into the soles. Expected in connection with a potential increase in revenues from our wells, Seminole has a significant interest in its collection facilities and treatment, increase efficiency and improve the capacity of the Seminole society of natural gas work.
After the modernization of the plant Seminole completed, the company will work with the Seminole compensation system and to maximize the production company and delivery of the object. The company expects that the pace of its constant production and delivery in a few weeks will be done to increase after the installation is complete. “We had hoped that the early renewal to our shareholders an estimated production level, but the violation was an unexpected sale of our gas,” said Steven Eversole, CEO of Kentucky USA Energy. “Our customers, Seminole, transformed in recent weeks, more new equipment for its facilities, our manufacturing processes and is expected to complete its update of the week. When we see an average daily flow in accordance with our shareholders in price Well, let’s Online.
“We thank our shareholders for their patience as we work more with these early stages of development. We believe that the delay of today result in long-term positive, since we plan to increase our drilling program this year, in turn, increase production and sales, in turn, more spacious Local Seminole, “said Eversole.
About Kentucky USA Energy, Inc.
Based in London, KY, Kentucky USA Energy, Inc. specializes in the acquisition, exploration and exploitation properties of oil and gas, with a focus on New Albany shale gas in the Illinois Basin in western Kentucky. The company is the increasing use of the exploration phase of independent companies that experience and technical expertise in gas resources on its properties in the Illinois Basin New Albany Shale.
Forward-Looking Statements
Certain statements contained in this release are not historical facts are forward-looking statements. These statements involve risks and uncertainties. Words such as “anticipates,” “intends,” “plans,” “May”, “May,” “should,” “expect,” “May”, “believes” and words equivalent, also identify forward-looking statements. Based on prospective statements are based on current facts and analysis of data and other information based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. May actual results to differ materially from those currently anticipated due to a number of factors beyond the control of Kentucky USA Energy, perhaps, but not limited to funding availability and prices of capital Additional, including the drilling of gas wells first, building long-term programs drilling and leasing of additional acquisitions, the viability of the gas fields of the shale’s of the Illinois Basin in western Kentucky, the ability of Kentucky USA Energy, and maintain a successful operations infrastructure and to the effective development and production wells, the successful negotiation and implementation of cost-effectiveness of third party gas drilling and distribution agreements, unwavering commitment to drilling operators and future economic conditions and volatility and lower energy prices. Readers are cautioned not to place too much looking to the future of the prospective statements which speak only as of the date of this communication. We assume no obligation to update these forward-looking statements to reflect events or circumstances which may arise after the date hereof. For more information on risks and other factors which may affect the business and financial results of Kentucky USA Energy can be found in filings of Kentucky USA with the Energy Commission U. S. Securities and Exchange Commission found.