CALGARY, Dec. 22 /CNW/ - Resilient Resources Ltd ("Resilient") (TSX:RRL)
has completed the evaluation of its second test well on the Blackfeet
Reservation in Montana, the well Moulton No. 4 failed to encounter oil or gas
in the zones tested. The well logs indicated the potential for production in
the Mississippian Sun River dolomite, however the two zones evaluated
delivered formation water.
The Company will now review the information obtained from the two test
wells and will consider its future exploration plans on the 100,000 acre block
on the Blackfeet Reserve.
Forward-Looking Statements Advisory
This news release contains forward-looking statements within the meaning
of applicable securities laws. Forward-looking statements include estimates,
plans, expectations, opinions, forecasts, projections, guidance or other
statements that are not statements of fact. Although Resilient believes that
the expectations reflected in such forward-looking statements are reasonable,
undue reliance should not be placed on them because we can give no assurance
that such expectations will prove to have been correct. Factors that could
cause actual results to differ materially from those set forward in the
forward-looking statements include general economic, business and market
conditions. Resilient's forward-looking statements are expressly qualified in
their entirety by this cautionary statement. We undertake no obligation to
update our forward-looking statements except as required by law.
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