Business
Petro Resources Inc. Announces Acquisition in DeSoto Parish -- Louisiana
Petro Resources Inc. Announces Acquisition in DeSoto Parish -- Louisiana.
About this update from Blue Earth Resources, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nPetro Resources Inc. Announces Acquisition in DeSoto Parish -- Louisiana\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nPetro Resources Inc. Announces Acquisition in DeSoto Parish -- Louisiana\n\nPR Newswire\n\nINVER GROVE HEIGHTS, Minn., May 8, 2013\n\n\n\n\n\n\n\n \n\n\n \n \n\n\nINVER GROVE HEIGHTS, Minn., May 8, 2013 /PRNewswire/ -- Petro Resources, Inc., a wholly owned subsidiary of Blue Earth Resources, Inc. (OTCPINK: BERI), announced today that as part of its continuing development plan to build a portfolio of working interests (\"WI\") in US oil fields, it has acquired a 37.5% WI in 14 oil and gas wells in Spider Field in DeSoto Parish, Louisiana. These oil & gas leases cover approximately 940 acres and are expected to offer the potential to drill additional wells to produce oil or liquids-rich gas. This acquisition signals Petro's entry as an oil & gas operator. John Lai CEO, \"I would like to acknowledge our appreciation for the patience and confidence from our valued shareholders, and we are looking forward to the benefits from further acquisitions as well as a bright and exciting future.\"\n\n\n\nAbout Blue Earth Resources, Inc.: \nBlue Earth Resources, Inc. is trading on the OTCPINK under the symbol BERI. The Company is an independent oil and gas company engaged in the acquisition, development and production of oil and natural gas reserves. The Company seeks to deliver strong shareholder returns through an effective exploration and development program that incorporates sound business practices with the strong experience of our management team. The goal is to steadily increase proven reserves of oil and natural gas – which, in turn, will lead to enhanced cash flows and earnings per share.\n\n\nThe foregoing material may contain forward-looking statements. We caution that such statements may be subject to uncertainties and that actual results could differ materially from the fore-going statements. Readers accordingly should not place undue reliance on these forward-looking statements, which do not re...