HOUSTON, Aug. 24 /PRNewswire-FirstCall/ -- Eagle Ford Oil & Gas Corp. (OTC Bulletin Board: ECCED) announces the acquisition of a farm-in of a 1% working interest in 2,400 acres and the drilling of two wells in the Eagle Ford Shale formation located in Live Oak County in South Texas. The Dena Forehand #2H and the Kellam #2H have been drilled but not completed. The fracturing of these two wells has been scheduled to occur during the next 20 days. Eagle Ford Oil & Gas will continue to participate in the drilling of additional wells in this lease and anticipates a total of 14 wells will be drilled over the next 48 months.
Management Comments
Eagle Ford Oil & Gas President Rick Adams commented, "This acquisition, although a small working interest, is important to Eagle Ford because it marks the first step of implementing our business plan as a pure play oil company in the Eagle Ford Shale formation located in South Texas. We will continue to take advantage of drilling and lease acquisition opportunities that arise in the Eagle Ford Shale formation."
About Eagle Ford Oil & Gas Corp.
Eagle Ford Oil & Gas Corp. is a growing independent oil and gas exploration and production company headquartered in Houston, Texas. The Company is engaged in the acquisition, development and production of oil and natural gas reserves. The Company's primary area of focus is the Eagle Ford Shale area of South Texas.
Forward Looking Statements
The information may include forward-looking statements, which are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. We refer you to the discussion of risk factors that could affect future operating or financial performance in our most recent prospectus and Form 10-K and other SEC Filings. Eagle Ford Oil & Gas Corp. assumes no obligation to update any forward-looking statements made here as a result of new information or future events or developments. You will find a reconciliation of any non-GAAP financial measure, as defined by the SEC in Regulation G, to the most directly comparable GAAP number in Reconciliation of Non-GAAP Financial Measures.
Eagle Ford Oil & Gas Corp.
CONTACT: Investors, Brad Holmes, +1-713-304-6962, b_holmes@att.net, for
Eagle Ford Oil & Gas Corp.
