TRSI Trophy Resources Inc (PK)

Trophy Resources, Inc. (Pink Sheets:TRSI) continues solid progress on their strategic plan in Texas while beginning a campaign to seek new opportunities and prospects in the Southwestern U.S. �Our initial well appears to be cleaning up as production has increase by close to 50% (to approximately 20 Bbl/day) in the last 45 days,� said Eric Leonetti, Trophy COO, adding, �the storage farm on this site has several 400 barrel capacity tanks; there is currently just over 300 barrels in storage that will be picked in the next couple of days.� Based on availability Trophy field operations hopes to have a pulling unit back on the site of their newly drilled well this week. Having conferred with the geologic and engineering experts as to the (multiple) perforation points they hope put this well on line by the end of the month. As to other projects, based on what they have learned from the recent drilling program Trophy is currently exploring new potential opportunities in both oil and gas in proximity to their existing leases while continuing forward with the rework and reentry program. �We are reviewing logs from available leases in the area to locate other prospects that resemble our findings with the hope of being able to increase our holdings in this area while also entertaining and researching new but economically viable projects in similarly attractive areas,� said Mr. Leonetti. About Trophy Resources Trophy Resources, Inc. (www.trophyoil.com) is a publicly traded company dedicated to building a diverse portfolio of high value, low risk energy and mining projects. The Company�s goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources, Inc. is an exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Trophy's financial and contractual obligations, Trophy's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. Trophy Resources, Inc. (Pink Sheets:TRSI) continues solid progress on their strategic plan in Texas while beginning a campaign to seek new opportunities and prospects in the Southwestern U.S. "Our initial well appears to be cleaning up as production has increase by close to 50% (to approximately 20 Bbl/day) in the last 45 days," said Eric Leonetti, Trophy COO, adding, "the storage farm on this site has several 400 barrel capacity tanks; there is currently just over 300 barrels in storage that will be picked in the next couple of days." Based on availability Trophy field operations hopes to have a pulling unit back on the site of their newly drilled well this week. Having conferred with the geologic and engineering experts as to the (multiple) perforation points they hope put this well on line by the end of the month. As to other projects, based on what they have learned from the recent drilling program Trophy is currently exploring new potential opportunities in both oil and gas in proximity to their existing leases while continuing forward with the rework and reentry program. "We are reviewing logs from available leases in the area to locate other prospects that resemble our findings with the hope of being able to increase our holdings in this area while also entertaining and researching new but economically viable projects in similarly attractive areas," said Mr. Leonetti. About Trophy Resources Trophy Resources, Inc. (www.trophyoil.com) is a publicly traded company dedicated to building a diverse portfolio of high value, low risk energy and mining projects. The Company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources, Inc. is an exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Trophy's financial and contractual obligations, Trophy's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.