Eagle Oil Holding Company has entered in to discussions to
sell its two
leases, namely, the Frank Farm and Morrison lease. The discussions were
unsolicited. Simultaneously with the sale, Eagle Oil will purchase a net
revenue interest in a producing oil lease as well as enter into another
joint venture shortly thereafter.
Connie Helwig states the following, "The unsolicited interest in our two
leases highlights their value. We have entered the beginning stages of
discussions and, if this is fruitful, we will acquire a small net revenue
interest of a producing lease that will not require any additional capital.
The joint venture that we enter into, however, will need some additional
monies. Eagle Oil wants to continue to have a presence in Venango
County,
Pennsylvania."
Updates will be forthcoming.
Forward- Looking Statements
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Eagle Oil Holding Co. are ?forward-looking statements? within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.
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