MIAMI, April 25, 2013 /PRNewswire/ -- Alaska
Pacific Energy Corp. (OTC PINK: ASKE) announced ten days ago that
it has issued a letter of intent to purchase 100% of the mineral
rights on 40 acres in McMullen County,
Texas. In that release the Company had indicated that it
would release more specific information later that week.
"Everything seems to take longer than expected," said Company
President Dominick Falso. "However I
can now say that the deal is moving along as expected. Also I have
received numerous telephone calls and emails asking about the drill
site. I can say that the site is in the middle of petrohawks (hk)
hawkville field which is a multi billion dollar company. As I have
mentioned before, we have funders that are willing to get involved
with deals for a piece of the deal, contingent upon the merits of
the deal and as I have previously stated, this one acquisition
could produce hundreds of thousands of dollars per month in
revenues in exchange for an investment of less than half a million
dollars ...I am very excited."
The Shale Energy Insider, an Industry Journal, reported on the
propose transaction on April
17th, 2013 which can be found online. The Company
has also been looking at other oil and gas opportunities both in
Texas and other states and hopes
to be making offers on at least two additional opportunities in the
near future.
Safe Harbor Statement: This release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934 that are based upon assumptions that in the future may
prove not to have been accurate and are subject to significant
risks and uncertainties, including statements as to the future
performance of the company and the risks and uncertainties detailed
from time to time in reports filed by the company with the
Securities and Exchange Commission. Although the company believes
that the expectations reflected in its forward-looking statements
are reasonable, it can give no assurance that such expectations or
any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not
limited to, the company's ability to raise necessary financing,
retention of key personnel, timely delivery of inventory from the
company's contract manufacturers, timely product development,
product acceptance, and the impact of competitive services and
products, in addition to general economic risks and
uncertainties.
CONTACT: Alaska Pacific Energy Corp.
Dominick Falso, President (954)
793-0657
www.alaskapacificenergy.com (web site under revision; not
totally up to date.)
info@alaskapacificenergy.com
SOURCE Alaska Pacific Energy Corp.