Petrogen Publishes 'Company Profile'
HOUSTON, Feb 06, 2004 /PRNewswire-FirstCall via Comtex/ -- Petrogen Corp. (OTC
Bulletin Board: PTGC; Frankfurt: PTD), today announced that it has published its
new "Company Profile", which can be found both on the Company's website at
www.petrogencorp.com within the Corporate Profile section and as an 8-K
attachment with the Securities and Exchange Commission. The Profile includes in
depth discussions of Petrogen's oil and gas properties, asset exploitation
opportunities, operating and growth strategies, management backgrounds and
corporate financial structure.
The "Company Profile" is being published by Petrogen in continuation of the
Company's effort to provide greater disclosure and increased transparency to all
of its stakeholders regarding the Company's operations, goals, industry dynamics
and conditions. Given changing capital market conditions and limited analyst
coverage, it is Petrogen's intent to take greater responsibility and a more
proactive role in communicating with the investment community. Today's Company
Profile is the first in what Petrogen intends to be an ongoing supplemental
disclosure program, with the next updated Company Profile expected after the
completion of Petrogen's full independent reserve review by a leading
engineering firm.
Investors and interested parties are encouraged to visit the company's website
at www.petrogencorp.com, to download the Adobe Acrobat formatted file of the
"Company Profile."
Petrogen Corp. is an oil and natural gas development and production company with
operations based in Houston, Texas. It is engaged in the acquisition of oil and
natural gas properties throughout the continental US that possess proven
reserves representing significant upside development potential. The Company
specializes in the development and expansion of proven producing, non-producing,
undeveloped and behind pipe reserves while maintaining a financially stable
fiscal strategy. Petrogen aggressively approaches its acquisitions strategy with
a specific emphasis placed upon the expansion of its natural gas reserves. For
further information, please visit the Company's website at www.petrogencorp.com
This News Release May Include Forward-Looking Statements Within The Meaning Of
Section 27a Of The United States Securities Act Of 1933, As Amended, And Section
21e Of The United States Securities And Exchange Act Of 1934, As Amended, With
Respect To Achieving Corporate Objectives, Developing Additional Project
Interests, The Company's Analysis Of Opportunities In The Acquisition And
Development Of Various Project Interests And Certain Other Matters. These
Statements Are Made Under The "Safe Harbor" Provisions Of The United States
Private Securities Litigation Reform Act Of 1995 And Involve Risks And
Uncertainties Which Could Cause Actual Results To Differ Materially From Those
In The Forward-Looking Statements Contained Herein.
Contact:
Sacha H. Spindler, CEO
Petrogen Corp.
888-875-1155
SOURCE Petrogen Corp.
CONTACT: Sacha H. Spindler, +1-888-875-1155, CEO of Petrogen Corp.
URL: http://www.prnewswire.com
http://www.petrogencorp.com
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