NHPI Acquires Two Leases in Fort Worth Basin
January 17 2014 - 11:59AM
Marketwired
NHPI Acquires Two Leases in Fort Worth Basin
FORT WORTH, TX--(Marketwired - Jan 17, 2014) - Neuro-Hitech,
Inc. (OTC Pink: NHPI) is pleased to announce they have purchased
two leases in the Heart of the Ft. Worth Basin in Texas. The M.V.
Keller Lease A. and the M.V. Keller Lease B. are contiguous and
total roughly 153 acres in Young County, Texas.
NHPI is also pleased to announce they started reworking the
first well, and have already started producing oil. There are
currently 10 wells on these leases that have to be reworked and
brought back online.
The Company has also identified 15 shallow drilling locations
1,000 to 2,000 feet and 4 deeper drilling locations 3,800 to 5,400
feet.
Mr. Thomas, President of NHPI, stated, "We are extremely
ecstatic that we have begun producing oil so quickly. As we
finish a few of the reworks we will have a better idea of what
daily production will be. We are on course for the Company's goals
of producing a minimum of 500 barrels of oil per a day."
Safe Harbor Statement:
This news release includes
forward-looking statements pertaining to future anticipated
projected plans, performance and developments, intended to qualify
for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. Any statements on this
news release that are not statements of historical fact should be
considered forward-looking statements. These forward-looking
statements generally can be identified by phrases such as
"believes," "expects," "anticipates," "foresees," "forecasts,"
"estimates," "intends," or other words or phrases of similar
import. Similarly, statements in this news release 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.
Investor Inquiries: Neuro-Hitech, Inc.
PTHOMAS@MCRAMERICAN.COM
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