Czech Republic Planning Multiple Lease Drilling With Joint Venture Partner
April 23 2010 - 7:00AM
Marketwired
Czech Republic Resource Corp. (PINKSHEETS: CZHC), an energy company
engaged in the acquisition, exploration, and development of
properties for production of crude oil and natural gas, is proud to
announce today it's reviewing leases for drilling with its
Joint-Venture Partners.
According to the company, it is reviewing multiple leases for a
joint venture program in the Texas region together with Jedi Energy
Partners. The company's Oil program experts are determining the
most valuable drilling locations. The company has enhanced
georadiometric surveys of more than 700 acres of land have been
examined thoroughly.
Computer-optimized georadiometric evaluations of multiple leases
are stating significant crude oil reserves and have determined
consistent hydrocarbon anomalies, significant hydrocarbon reserves
and potential drilling locations. Furthermore, additional acreage
to be leased has been identified near the examined areas for
further evaluation. Czech Republic Resource Corp will continue to
evaluate the locations and continue working on the drilling program
preparations.
To Learn More About Czech Republic Resource Corp, Please Visit:
http://www.czechresource.com/
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
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today and that meet defined specifications. When used in this press
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number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets.
Contact: Jara Meger +420.220.571.134