PR-Inside.com: 2014-03-15 00:07:43
Vancouver, British Columbia CANADA, March 14, 2014 /FSC/ - Enfield Exploration Corp. (EXP - CSE),(the "Company" or "Enfield") (CSE:EXP) wishes to announce that, further to its February 7, 2014 letter of intent with Richfield Oils Inc., it is progressing toward executing a definitive agreement with Richfield to acquire a total of 258.8 hectares of oil and gas leases located in the Southern Alberta Bakken trend (the "Leases"). The Leases are strategically located adjacent to the Dee Three Ferguson pool and near two recent tests wells, one of which flowed at 1,500 barrels of oil per day and the other at 1,150 barrels of oil per day.
As such and with the recent announcement that Dee Three will drill 18 horizontal wells in the adjacent area, Enfield will be seeking tenders for seismic shooting to further delineate two core areas within the Leases. Enfield management plans to continue evaluating the Leases, looking for industry partners to exploit the resource potential of the Leases.
Enfield Exploration Corp. is engaged in the acquisition, exploration and development of mineral and oil and gas resources. Enfield has the right to acquire mineral interests covering approximately 486 hectares in central Yukon Territory, is working toward the acquisition of oil and gas leases in Alberta, and is currently evaluating oil and gas opportunities in Argentina.
Further information about the Company is available under its profile on the SEDAR website www.sedar.com and on the CSE website www.thecse.com.
For further information, please contact:
President & Chief Executive Officer
Enfield Exploration Corp.
The CSE has neither reviewed, approved nor disapproved the content of this press release.
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by management, including future plans for the exploration and development of the properties of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, investors should not unduly rely on the forward-looking information because the Company cannot assure that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
To view this press release as a PDF, please click on the follow link:
Source: Enfield Exploration Corp. (CNSX: EXP) cnsx.ca/CNSX/Securities/Mining/Enfield-Exploration-Corp.aspx
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