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Thu Aug 4 12:39:56 PDT 2005
Triton American Energy Corp. (TRAE)
A domestic crude oil and natural gas exploration and production company
Current Price: 0.24
Press Release: Triton American Energy Corp.
TRAE Offers Investors 0pp0rtunity to B u y Working Interest in Wells
Announces Audits Nearly Complete
Triton American Energy Corp. is pleased to announce they are now
offering investors the ability to purchase working interests in several of
their oil and gas wells. In addition to this 0pp0rtunity, Triton American
Energy reports audits are nearly complete and will be updated on the
company website on a quarterly basis. Delay in audits is due to
additional assets which are being reviewed and accounted for.
Below are the current available wells which can be purchased by
investors in the form of cash, cheeck or m0ney 0rder. Each well has potential
returns of greater than 10-1, with return of capital in 6-12 months.
Participants who own working interest in these wells will also experience
excellent tax benefits during a time when energy prices are reaching
Wells Available For Investor Ownership:
1.) Blackwell Lease in Caldwell County, Texas. 31 total wells are
available for investors to purchase working interest. Working
interest in wells is being sold in three phases. Each phase
will have approximately 10 wells available for investors. With
the utilization of three technologies, potentially 462,000
barrels of oil can be recovered from the field. Current price
of oil $61.00 per barrel.
2.) Graciela Gonzales Lease, Zapata County, Texas. The first well
(Gulf Gonzales #1) re-entered is currently producing in excess of 1.2
million cubic feet of gas per day. Estimated reserves for both zones
combined are approximately 1 billion cubic feet of gas. Life expectancy
for a producing well in this area is three to five (3-5) years.
3.) North Falcon Dam Developmental Drilling Zapata County, Texas.
The shallow new drill will be a nearby offset to the Gulf
Gonzales #1 located in the same pad. Wells to the south of our
location 2 miles (+/-) have produced in excess of 2-3 bcfg per
well from comparable zones.
For more information, pleasee see company's latest news released.
About Triton American Energy Corporation:
Triton American Energy is an independent crude oil and natural gas and
oil exploration and production company based in Houston, Texas. The
Company's business plan is structured to take advantage of today's rising
energy cost, while reducing as much financial risk as possible. Tritons
niche or specialty are the small to moderate operations (usually 1-50
well projects). These wells can be worth hundreds of millions of dollars
in revenue but require more hands-on attention then the major producers
are willing to give.
The Examples Above Show The Awesome, Earning Potential of Little Known
Companies That Explode Onto Investor's Radar Screens; Many of You Are
Already Familiar with This. Is TRAE Poised and Positioned to Do that For
You? Then You May Feel the Time Has Come to Act... And Please Watch
this One Trade Friday! Go TRAE.
Penny stocks are considered highly speculative and may be unsuitable
for all but very aggressive investors. This Profile is not in any way
affiliated with the featured company. We were compensated 3000 dollars
to distribute this report. This report is for entertainment and
advertising purposes only and should not be used as investment advice.
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