Energy Revenue America, Inc. Provides Shareholder Update and Focus for 2014
April 23 2014 - 8:00AM
Marketwired
Energy Revenue America, Inc. Provides Shareholder Update and Focus
for 2014
DALLAS, TX--(Marketwired - Apr 23, 2014) - Energy Revenue
America, Inc. (PINKSHEETS: ERAO), a firm focused on the
acquisition, development and exploration of Coal Bed Methane (CBM)
natural gas and the owner of 65 miles of pipeline on 3,100 acres in
Nowata County, Oklahoma, today issued a Letter to Shareholders.
Dear Shareholders, Business Partners, and Friends:
At Energy Revenue American, Inc., we are helping address one of
the United States' greatest challenges -- energy independence.
Meeting this challenge will be demanding and we are pleased to
report our progress in 2013.
As you know from our previous updates, our business plan has
five specific strategies:
1-Refurbish/Rebuild the 65 mile pipeline and upgrade compressors
(2012/2013)
In 2013 we repaired and upgraded several sections of our 65 mile
pipeline. Compressors were repaired or replaced with new
equipment.
2-Reopen existing wells (2013/2014)
In 2013 we were able to reopen 10 existing wells, drill two new
wells and begin to carry gas for a third party.
The progress made in 2013 will allow us to substantially grow
our business in 2014.
3-Drill new wells for working interest investors (2014/2015)
4-Drill new wells for ERA/Envirotek with100% ownership (2015)
5-Secure other gathering pipelines and associated leases.
(2014/2015)
"The past two years have been a struggle to get our pipeline and
compressors in working order," stated Charles H. Havens, ERA's
Chairman and Chief Operating Officer. "We are positioned for
substantial growth in 2014 and expect to close funding to drill 50
to 100 new wells and continue to reopen existing wells on the
existing 3,100 acres in Nowata County, Oklahoma."
The advantages of natural gas continue to be highlights in
dozens of articles and charts as shown, which shows emissions by
major fuel type.
About Energy Revenue America, Inc. Energy Revenue America, Inc.
is focused on the acquisition, development and exploration of
unconventional natural gas projects, primarily Coal Bed Methane
(CBM) and seeks to acquire and develop properties with significant
undeveloped potential and apply technical and operating expertise
to maximize the value of these resources.
FORWARD-LOOKING STATEMENT This release includes forward-looking
statements intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. These forward-looking statements generally can be identified
by phrases such as INCL or its management "believes," "expects,"
"anticipates," "foresees," "forecasts," "estimates" or other words
or phrases of similar import. Similarly, statements herein that
describe the Company's business strategy, outlook, objectives,
plans, intentions or goals also are forward-looking statements. All
such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those in forward-looking statements.
CONTACT: Energy Revenue America, Inc. Email Contact Website
www.energy-revenue.com
Energy Revenue America (PK) (USOTC:ERAO)
Historical Stock Chart
From Jul 2024 to Aug 2024
Energy Revenue America (PK) (USOTC:ERAO)
Historical Stock Chart
From Aug 2023 to Aug 2024