B.
J. Montgomery Well #1
Big Cypress Prospect
Marion County, Texas Prodigy Oil and Gas reports that drilling on the B.J. Montgomery Well #1 is on schedule to reach the expected 10,500’total depth. As we continue to drill to our TD, we will pass through the Rodessa Lime, Pettet Lime and Travis Peak Sands. These formations could yield as much as 2.5-3.5 MMCFGPD and
25-35 BOPD.
Safe Harbor
Big Cypress Prospect
Marion County, Texas Prodigy Oil and Gas reports that drilling on the B.J. Montgomery Well #1 is on schedule to reach the expected 10,500’total depth. As we continue to drill to our TD, we will pass through the Rodessa Lime, Pettet Lime and Travis Peak Sands. These formations could yield as much as 2.5-3.5 MMCFGPD and
25-35 BOPD.
Safe Harbor
Certain statements in this press
release regarding strategic plans, expectations and objectives for
future operations or results are “forward-looking statements” as defined
by the Securities Litigation Reform Act of 1995. All statements, other
than statements of historical facts, included in this press release that
address activities, events or developments that Prodigy Oil and Gas (the
Company) expects, believes or anticipates will or may occur in the future
are forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to risks and
uncertainties that could cause actual results to differ materially from
the results contemplated by the forward-looking statements, including the
risks discussed in the Company’s filings with the Securities and Exchange
Commission.
Factors that could cause differences
include, but are not limited to, history of losses; speculative nature of oil
and natural gas exploration; substantial capital requirements and ability
to access additional capital; ability to meet the drilling schedule;
changes in tax regulations applicable to the oil and natural gas industry;
results of acquisitions; relationships with partners and service
providers; ability to acquire additional leasehold interests or other oil
and natural gas properties; defects in title to the Company’s oil and natural
gas interests; ability to manage growth in the Company’s business; ability
to control properties that the Company does not operate; lack of
diversification; competition in the oil and natural gas industry; global financial conditions;
oil and natural gas realized prices; ability to market and distribute oil and
natural gas produced; seasonal weather conditions; government regulation
of the oil and natural gas industry, including potential regulations
affecting hydraulic fracturing and environmental regulations such as climate
change regulations; uninsured or under insured risks; and material weakness
in internal accounting controls.
The forward-looking statements in
this press release are made as of the date of this press release, even if
subsequently made available by the Company on its website or otherwise.
The Company does not undertake any obligation to update the
forward-looking statements as a result of new information, future events or
otherwise.
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