County Line Energy Announces Corporate Update
July 09 2012 - 8:30AM
Marketwired
County Line Energy (PINKSHEETS:CYLC)(FRANKFURT:G7Q) announces a
complete updating of corporate image and tier status on the OTC
Pink Sheets.
Although the company has been relatively inactive during the
past couple of years, we still have been reviewing potential
opportunities both in seeking out new projects and in marketing
copies of our 3 dimensional seismic data which was created in
Alberta in 2007.
The company has sold one copy of the entire program for $86,000
and presently has another potential customer reviewing the complete
data set.
With difficult market times and general uncertainty in the oil
industry it has been very difficult to sustain a market price
adequate to finance the company in an industry that requires
immediate funds to participate in drilling programs.
A source of funding has been determined and the company is
finalizing all required reporting and filing documentation to
maintain reporting company status on the OTC Pink Sheets. This will
be completed within a few days.
The company has received new information through comparative
well logs that the Hayter well in Alberta should definitely be
perforated and completed as an initial project.
A well log from the general area was compared to the Hayter log.
Both were almost identical at the Dina sands pay zone. The
comparative well has produced in excess of 150,000 barrels of
oil.
Other projects are being reviewed.
Harry Bygdnes, President
County Line Energy Corp.
Forward-Looking Statements: This document contains
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. All forward-looking statements are inherently
uncertain as they are based on current expectations and assumptions
concerning future events or future performance of the Company.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which are only predictions and speak
only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties identified in this release and matters set forth in
the Company's SEC filings. These risks and uncertainties could
cause the Company's actual results to differ materially from those
indicated in the forward-looking statements.
Contacts: County Line Energy Harry Bygdnes President
1.587.329.1459 www.countylineenergy.com
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