soooooo langweilen müssen.... :-)
VANCOUVER, B.C., October 18, 2006 -- Texola Energy Corp. (‘Texola’ or the ‘Company’) (OTCBB: TXLA) is pleased to advise that Cedar Strat has completed its preliminary geological report on the Company’s Maverick Springs Project, Nevada USA. The report was being prepared at the request of the Company as a follow-up step to the earlier completed preliminary exploration work undertaken on the prospect which included a recently acquired gravity survey, geological cross sections, a 10 well study, a detailed surface outcrop survey, and a cross section map on the Maverick Springs Prospect. It was this initial exploration activity which concluded the potential of the Maverick Springs prospect for not only a "fractured shale" prospect but also the potential for a conventional oil prospect underlying the Maverick Springs Anticline. As a result of the encouraging preliminary findings and the follow-up geological analysis, Cedar Strat has recommended that Texola proceed to shoot a seismic dip line to assist in identifying seismically, the exact location of the Maverick Spring Anticline. Upon completion and interpretation of the proposed seismic acquisition, it is further recommended that Texola proceed to shoot a strike line to determine the crest of the anticline. In assessing these recommendations, Texola will determine the viability and cost effectives of shooting both lines concurrently. In addition to the above, Cedar Strat has also recommended that Texola extend the Maverick Springs transect and add two additional transects to evaluate the rest of the leases within the Maverick Springs AMI. Management is once again encouraged by the positive review and analysis of the Maverick Springs prospect and looks forward to updating shareholders as it move towards defining the most prospective drill targets going forward. |