AUSTIN, Texas, Feb. 11 /PRNewswire-FirstCall/ -- South Texas Oil Company today announced that it will be a presenting company at the Independent Petroleum Association of America's (IPAA) Oil & Gas Investment Symposium Small Cap conference in Hollywood, Fla. on Wednesday February 13, 2008.
South Texas Oil Company President and CEO Scott Zimmerman is scheduled to present on Wednesday, February 13, 2008 at 4:50 PM EST. Mr. Zimmerman will provide an update on the Company's Texas and Rocky Mountain operations and provide a general corporate overview.
The IPAA presentation will be webcast and a link to the webcast, along with the accompanying slides, will be available at the IPAA website http://www.ipaa.org/ around the time of the presentation. Additional conference information is available at http://www.ipaa.org/.
About South Texas Oil Company
Austin-based South Texas Oil Company acquires, explores and exploits predominantly oil-bearing formations in its core operating areas in south-central and southwest Texas, and in the DJ Basin of northeast Colorado. The Company has a high-working-interest inventory of over 200 identified drillable locations. The Company anticipates investing growth capital in both its Texas assets as well as its DJ Basin properties in Colorado. Two Company-owned rigs will be utilized to help develop the Company's successful Bastrop core operating area as well as other assets in the South Texas portfolio. The Company currently is evaluating existing wellbores in the Giddings Field for re-entry possibilities that can enhance production and estimated ultimate recoveries.
Forward-looking Statements
Certain statements made in this press release contain forward-looking statements that involve a number of risks and uncertainties. This forward-looking information is based on certain assumptions, including, among others, presently known physical data concerning size and character of reservoirs and economic recoverability. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, operations involve numerous risks and uncertainties, many of which are beyond South Texas Oil's control, which could result in expectations not being realized or otherwise materially affect the financial condition, results of operation and cash flows. Additional information regarding these and other risks are contained in South Texas Oil's filings with the Securities and Exchange Commission.
