Greater Sooner Holding, Inc. Announces Completion of Operator Registration with the Texas Railroad Commission; Company Names Tony Council to Board of Directors
HOUSTON--(BUSINESS WIRE)--May 10, 2006-- Greater Sooner Holding, Inc. (OTC: GSNH) today announced the Company has completed its application with the Texas Railroad Commission to become a registered oil and gas Operator in the state of Texas. This is an important step for the Company, now underway with its program to locate and produce the estimated $285,000,000 in probable reserves in the Clayton Field project area in Live Oak County, Texas. The Company's workover program is designed to provide immediate income from oil production from which the Company can grow and generate the vital scientific data required for further development. This approach maximizes return while minimizing necessary costs. With a strong engineering focus to its workover program, the Company also announced the election of Tony Council to the Board of Directors. Mr. Council is a Professional Engineer with over two decades of experience in the oil and gas arena. Since January 2001, he has been the founder and President of TLC Engineering, Inc. where he oversees the daily management of engineering and bid processing for large scale engineering projects. From 1992 - 2000 he was a senior consulting engineer and project manager with Mustang Engineering, Inc. of Houston, Texas, where he had a very successful and renowned career in charge of engineering design and project manager of assigned oil and gas projects. Mr. Council received a BS degree in mechanical engineering from North Carolina ANT State University in 1978. Since 1993, Mr. Council has been licensed as a Professional Engineer in the state of Texas. Mr. Council also sits on the Board of Directors of Internal Hydro International (OTCBB: IHDRE). About Greater Sooner Holding, Inc. Greater Sooner Holding, Inc. is a crude oil and natural gas exploration and production company with operations in Houston, Texas. The Company executes a repeatable business model to generate cash flow by reworking existing operating wells with proven reserves and using the proceeds to drill new and deeper wells in the target project area. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, the potential for additional customer growth from acquired operations and additional opportunities for growth. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives, and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Greater Sooner Holding, Inc. Source: Greater Sooner Holding, Inc.
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diese news finde ich besonders wichtig, da ersichtlich wird, dass die Firma wirklich das vorhat, was ständig angepriesen wird "...today announced the Company has completed its application with the Texas Railroad Commission to become a registered oil and gas Operator in the state of Texas. This is an important step for the Company..." |