Business
Georox Announces Commencement of its five (5) Well Horizontal Oil-Targeted Drilling Program.
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About this update from Prospera Energy Inc.
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES/\n\n\nKELOWNA, BC, Nov. 1, 2013 /CNW/ - Georox Resources Inc. (\"Georox\" or the \"Corporation\") (GXR:TSX-V; OF6A:FRA) is pleased to announce the commencement of its\n drilling program that will take place over the next two months in its\n Silverdale GP Channel Project.\n\n\nThe horizontal drilling rig has spudded the first well of the five well\n horizontal drilling program on October 26th, 2013 that is operated by Husky Energy.\n\n\nAll five wells are expected to be drilled by early December and\n completed, equipped and put on production early in 2014 at a total\n estimated cost of $7,050,000 ($486,000 net to Georox).\n\n\nAbout Georox:\n\n\nGeorox is a Canadian natural resource company engaged in the\n acquisition, exploration and development of oil and gas properties in\n Western Canada. The Common Shares trade on the TSX Venture Exchange\n under the symbol GXR and on the Frankfurt Stock Exchange under the\n symbol OF6A.\n\n\nCautionary Statement:\n\n\nNeither the TSX Venture Exchange nor its Regulation Service Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\nNo stock exchange, securities commission or other regulatory authority\n has approved nor disapproved the information contained herein.\n\n\nFORWARD-LOOKING STATEMENTS\n\n\nREADER ADVISORIES\n\n\nForward-Looking Statements\n\n\nStatements in this document may contain forward-looking information\n including management's assessment of future plans and operations,\n reserve estimates and the total future capital associated with\n development of reserves, capital expenditures and timing of release of\n 2011 financial results. The reader is cautioned that assumptions used\n in the preparation of such information may prove to be incorrect.\n Events or circumstances may cause actual results to differ materially\n from those predicted, as a result of numerous known and unknown risks,\n uncertainties, and other factors, many of which are beyond the control\n of the Corporation. These risks include, but are not limited to: the\n risks associated with the oil and gas industry; commodity prices, and;\n exchange rate changes. Industry related risks could include, but are\n not ...