News About Trophy Oil Company
Press
Release from September 19, 2007
Trophy Resources Schedules
Reopening of its Runnells County, TX Oil Well Project
Cleveland, Ohio Sept.19, 2007; Trophy Resources (OTC: TRSI.PK)
announced today that it is moving forward with the R&W well rework
/ reentry project in Runnells County, Texas.
When completed, the original producing
well will be reopened, an additional two wells are planned for reentry
and rework. The R&W #1 project was suspended in early 2007, due
to infrastructure issues between the licensed field operating company
and Trophy.
Now that the issues have been resolved
and reorganized, all parties are anxious to renew this project by opening
up a minimum of 3 wells. The first well is planned to be back on line
about September 26th with the goal of selling a load of oil at the end
of this month. The remaining two wells are then planned to be on line
prior to the end of November of this year.
Eric Leonetti, Trophy President and
CEO, said, “This project is a prime example of the fruits we can
bear by focusing on our core business , oil and natural gas well reentry
and rework projects.
“Since we have successfully completed
our corporate restructuring, we are in a much better position to optimize
short term and long term shareholder value. We anticipate continued
daily production from the initial well to be in the 14 to 18 barrels
range, which is what we were realizing during the four months of this
project's prior operations. Furthermore, we expect the second and third
wells to provide similar results, thus bringing this project's production
to 35 to 55 barrels/day”.
Trophy owns a 37% working interest
in these wells and has access to other properties with existing well
bores, along with water supply and disposal wells, in multiple rework
and reentry projects throughout this region of Texas.
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com)
is an independent natural resource company with the goal of controlling
lease hold acreage and mineral rights. Trophy's oil interests are in
the Fort Worth Basin in central Texas, Williston Basin, Montana and
the Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage
projects and/or producing mines in some of the most prolific precious
metal districts in the world. 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.
<<
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Press
Release from September 18, 2007
Trophy Resources ends JV Partnership
with Russell Industries to concentrate on Oil and Gas
Cleveland, Ohio (OTC: TRSI.PK) September 18, 2007; Trophy Resources
is announcing the end to their Joint Venture agreement with Russell
Industries based on the desire to return to their base business plan.
Trophy Resources original business
plan focusing on oil and natural gas well reentry and rework projects,
was established in mid 2006, allowing for greater flexibility in capital
expenditures while offering the ability to return the investment in
a more expedient manner.
The end of this joint venture will
also end the tenure of Mr. Rick Berman as a member of the Board of Directors
of Trophy Resources. Mr. Berman, President and CEO of Russell Industries
and American Uranium Mining Company, has tendered his resignation effective
immediately.
Mr. Eric Leonetti, President and CEO
of Trophy Resources, said, “We are saddened at the resignation
of Mr. Berman, he added much to our management team and will be missed.
We have begun an immediate search of his replacement and hope to have
the seat filled on an interim basis in short order. A share holders
meeting will be held prior to the end of this year where we may elect
new members to the board for a full term.”
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com)
is an independent natural resource company with the goal of controlling
lease hold acreage and mineral rights. Trophy's oil interests are in
the Fort Worth Basin in central Texas, Williston Basin, Montana and
the Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage
projects and/or producing mines in some of the most prolific precious
metal districts in the world. 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.
<<
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Press
Release from July 10, 2007
Trophy Resources to Intensify
Mining Expertise
Cleveland, Ohio (OTCPK: TRSI) July 10, 2007; The Board of Directors
of Trophy Resources has begun the process of moving their mining division
to a new level of expertise by preparing the interview process that
they anticipate will allow them to hire a team of mining professionals.
While fully prepared to complete the
acquisition of their initial mining claims in the form of once productive
uranium properties in Southern Utah, which they hope to have under contract
within two weeks, they know that to become a force in this highly competitive
field they must broaden their knowledge base.
The base metals Trophy Mining intends
to explore, uranium and gold, have never changed but they felt that
they were limited in their ability to turn assets in to profits in a
timely manner.
”With the addition of this, in
house, mining expertise we feel we will be better prepared from an engineering
standpoint to proceed from both a physical and marketing standpoint
on all of our core acquisitions,” said Trophy Resources CEO, Mr.
Eric Leonetti,
Mr. Leonetti added, “as global
(economic) instability continues to increase we felt that placing a
portion of our capital resources into growing our mining division and
staying with metals that, we feel, should benefit from such instability
was prudent; bringing in a team of two to four professionals in the
next three to six months to lead this charge only makes good sense”.
Thought all the details have not yet
been finalized concerning this process, Mr. Leonetti seemed very positive
concerning this goal and the company’s ability to get it done
on or ahead of schedule.
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com)
is an independent natural resource company with the goal of controlling
lease hold acreage and mineral rights. Trophy's oil interests are in
the Fort Worth Basin in central Texas, Williston Basin, Montana and
the Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage
projects and/or producing mines in some of the most prolific precious
metal districts in the world. 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.
<<
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Press
Release from June 28, 2007
Trophy Resources Announces
Joint Venture in Uranium and O&G
Cleveland, Ohio (OTCPK: TRSI) June 28, 2007; Trophy Resources
announced today that they have signed a Letter of Intent to form a joint
venture program with Russell Industries and American Uranium Mining
Company.
Made possible by the strong strategic
alliance between Trophy Resources, Russell Industries (OTCPK: RSDS),
and American Uranium Mining Company the three entities plan to work
together to better exploit all of the resources available within the
companies and the property / assets they now control.
“Where Mr. Berman (President
and CEO of Russell Industries) has the knowledge, expertise and personnel
necessary to acquire available uranium claims we at Trophy have the
background in O&G they lack”, said Trophy CEO, Eric Leonetti,
adding “Mr. Berman wanted the ability to properly manage his assets
and exploit the possible existence of oil, natural gas and coal bed
methane on Russell’s existing claims and we would like to exercise
the same principle exploring for uranium on our current O& G holdings.
This relationship just makes sense.”
Thought all the details are yet to
be worked out between the companies they seem very confident in both
their ability to complete this transaction and move forward on the projects
under their joint control.
Trophy Resources, CEO, Eric Leonetti
adds, “We again need thank our share holders for their patience
as we move forward. This is an exciting time for us and we hope they
will stay with us for the long haul.”
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com)
is an independent natural resource company with the goal of controlling
lease hold acreage and mineral rights. Trophy's oil interests are in
the Fort Worth Basin in central Texas, Williston Basin, Montana and
the Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage
projects and/or producing mines in some of the most prolific precious
metal districts in the world. 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.
Contact:
Eric Leonetti - CEO
Trophy Resources, Inc
866-284-8617
eleonetti@trophyoil.com
<<
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Press
Release from June 27, 2007
/ CORRECTION
- Trophy Resources, Inc.
CLEVELAND, OH -- (MARKET WIRE) -- June 27, 2007 -- In the news
release, "Trophy Resources to Renew O&G Projects in Runnells
Co., TX," issued Tuesday, June 26, 2007, by Trophy Resources, Inc.
(PINKSHEETS: TRSI), we are advised by the company that all instances
of "Runnells County" as originally issued should appear as
"Brown County." Trophy Resources, President and CEO, Eric
Leonetti states, "We apologize for the location error on the initial
release as the initial project exists in Runnells County and this extension
of that relationship is in Brown County." Complete corrected text
follows.
Trophy Resources to Renew O&G
Projects in Brown Co., TX
CLEVELAND, OH -- June 26, 2007 -- Trophy
Resources (PINKSHEETS: TRSI) announced today that they have renewed
negotiations that if completed will allow for the rework of two to four
additional wells on the Brown county Texas prospect begun November 2006.
Rework was suspended on these prospects
due to infrastructure issues between the licensed field operating company
and Trophy. Having cleared and reorganized these issues all the parties
are anxious to renew this project by opening up two to four additional
wells in the next 6 months.
"We are relieved that we could
once again get to work on these prospects," said Eric Leonetti,
Trophy President and CEO. Adding, "Though not a no-brainer, these
were once productive wells and with prevailing technologies we should
be able to turn what were less than unprofitable wells in to an adequate
income stream with a short term ROI."
Trophy owns a working interest in over
400 acres in Runnells and Brown Counties, Texas and has access to other
properties with existing well bores, water disposal wells and water
supply wells available in multiple rework, reentry projects.
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com)
is an independent natural resource company with the goal of controlling
lease hold acreage and mineral rights. Trophy's oil interests are in
the Fort Worth Basin in central Texas, Williston Basin, Montana and
the Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage
projects and/or producing mines in some of the most prolific precious
metal districts in the world. 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.
Contact:
Eric Leonetti - CEO
Trophy Resources, Inc
866-284-8617
eleonetti@trophyoil.com
<<
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Press
Release from June 26, 2007
Trophy Resources to renew O&G
Projects in Runnells Co. TX
Cleveland, Ohio (OTCPK: TRSI) June 26, 2007; Trophy Resources
announced today that they have renewed negotiations that if completed
will allow for the rework of two to four additional wells on the Runnells
and/or Brown county Texas prospects begun November 2006.
Rework was suspended on these prospects
due to infrastructure issues between the licensed field operating company
and Trophy. Having cleared and reorganized these issues both parties
are anxious to renew this project by opening up two to four additional
wells in the next 6 months
“We are relieved that we could
once again get to work on these prospects” said Eric Leonetti,
Trophy President and CEO, adding “though not a no brainer, these
were once productive wells and with prevailing technologies we should
be able to turn what were less than unprofitable wells in to an adequate
income stream with a short term ROI”
Trophy owns a working interest in over
400 acres in Runnells County Texas and has access to other properties
with existing well bores, water disposal wells and water supply wells
available in multiple rework, reentry projects.
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com)
is an independent natural resource company with the goal of controlling
lease hold acreage and mineral rights. Trophy's oil interests are in
the Fort Worth Basin in central Texas, Williston Basin, Montana and
the Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage
projects and/or producing mines in some of the most prolific precious
metal districts in the world. 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.
Contact:
Eric Leonetti - CEO
Trophy Resources, Inc
866-284-8617
eleonetti@trophyoil.com
<<
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Press
Release from June 21, 2007
Trophy Resources prepares to
move forward on their Wyoming O&G Prospect
Cleveland, Ohio (OTCPK: TRSI) June 21, 2007; Trophy Resources
announced today that they have begun substantive conversations with
a potential Joint Venture partner. Due to the positive implications
of these negotiations Trophy has begun to put the pieces in place to
prepare for a drilling program on this 3300 acre prospect known as Diamond
Springs in central Wyoming.
Range / Barnhart Drilling has been
contacted to arrange for an initial AFE (Authority For Expenditure)
for this exploratory drilling project; while bids are currently being
accepted for the performance of a GeoChemical field survey to allow
for greater definition of the initial drilling site.
“Our potential JV partner on
this project has asked that we initiate these processes so we may better
understand the risk we both face thus moving the negotiation process
forward at a more rapid pace” said Trophy Resources CEO, Eric
Leonetti. Adding, “We added the GeoChem to the list of things
to do as a means of increasing our chances as best we can”.
Diamond Springs is a shallow drilling
prospect (250’ to 1300’) located on 3300 acres in the Sweetwater
Mountains west of Casper, Wyoming. There are numerous operating wells
in the surrounding area; some with substantial estimated reserves, making
this prospect a potentially interesting and exciting endeavor.
Trophy Resources CEO, Eric Leonetti
adds, we truly want to thank our shareholders for their patience as
we have worked quietly to push our company forward. We continue to be
optimistic about our future and hope to announce many exciting events
as they are executed in the near future.”
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com)
is an independent natural resource company with the goal of controlling
lease hold acreage and mineral rights. Trophy's oil interests are in
the Fort Worth Basin in central Texas, Williston Basin, Montana and
the Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage
projects and/or producing mines in some of the most prolific precious
metal districts in the world. 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.
Contact:
Eric Leonetti - CEO
Trophy Resources, Inc
866-284-8617
eleonetti@trophyoil.com
<<
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Press
Release from June 19, 2007
Trophy Resources Announces
Strategic Uranium Alliance
Cleveland, Ohio (OTC: TRSI) June 19, 2007; Trophy Resources
announced today that they have begun the process of acquiring uranium
claims in the San Juan Basin (San Juan County) four corners area of
Utah.
Made possible by the strong strategic
alliance between Russell Industries (RSDS.PK), American Uranium Mining
and Trophy Resources – Mining Division; Trophy may now share in
the expertise and field knowledge currently held by Russell Ind. and
American Uranium in the acquisition of these formerly productive (federally
held) uranium properties.
“It was no accident that we extended
the offer to Mr. Richard Berman of Russell Industries to sit on Trophy’s
Board of Directors”, said Trophy CEO, Eric Leonetti, adding “Mr.
Berman not only brings a wealth of business experience but the two and
now three companies working together can a mass a greater quantity of
these formerly productive claims allowing for greater control and the
pooling of certain resources in the marketing and eventual mining of
the properties.”
Trophy plans are to bring as many as
310 claims, as much as 6100 acres, into its mining division in the next
120 days.
Trophy Resources, CEO, Eric Leonetti
adds, “We thank our share holders for their patience as we move
forward. We look forward to announcing many more exciting events as
they are executed in the very near future.”
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com)
is an independent natural resource company with the goal of controlling
lease hold acreage and mineral rights. Trophy's oil interests are in
the Fort Worth Basin in central Texas, Williston Basin, Montana and
the Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage
projects and/or producing mines in some of the most prolific precious
metal districts in the world. 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.
<<
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Press
Release from November 6, 2006
Trophy Resources announces
drilling results
Carlsbad, CA—(Business Wire)—November 6, 2006--Trophy
Resources, Inc. (OTC:Pink Sheets TRSI) announced earlier today that
they have solid results from their initial well drilling project in
Southwest Texas
“After careful review of the
mud and electronic logs from this drilling project our operations experts
and field engineers have concluded that we have a viable well with good
fluorescents, above average C2 gas and a good stream cut and porosity”,
said Eric Leonetti, Trophy COO.
Mr. Leonetti added. “The plan
from this point is to acidize the well with 15% HCL. We will then swab
the well; if it flows we will run a line directly to the separator.
Otherwise, we will begin running electricity and setting up a pump”.
Initial production from this well is
set for the middle of November.
Trophy is now concentrating on reworking
a minimum of two other wells in close vicinity and beginning a second
drilling project (based on rig availability). With all other field repairs
complete on this location, Trophy appears primed to move at an even
more accelerated pace.
This project as part of the second
Phase of R&W #1 is located in Runnel County Texas. Runnel County
Texas has produced tens of millions of barrels of oil and is geologically
situated within a trend of Pennsylvania Age productive reservoirs comprised
of limes and sands between the Bend Arch Axis and the Fort Chadbourne
fault system. This Southwest Texas prospect encompasses multiple leases
covering an area over 600 acres. Development in the prospect is expected
to continue for the next 18 to 24 months. The Company anticipates having
more than twenty-five wells on-line in this period using a combination
of methods including re-entry work, new drilling and a water flood program.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press
Release from October 31, 2006
Trophy Resources sells initial
oil production
Carlsbad, CA—(Business Wire)—Oct 31, 2006--Trophy
Resources, Inc. (OTC:Pink Sheets TRSI) is pleased to announce that they
have sold the first commercial quantity of oil produced by their initial
reworked well in Southwest Texas
“The Sunoco Oil Company has been
contracted to perform the oil pickups from these properties and made
the first pickup of approximately 190 barrels late last week”
reported Eric Leonetti, Trophy COO.
“This first production came from
about two and a half weeks of on and off pumping as we worked out the
bugs in our new electrical systems and fixed some minor problems with
the separators. With this behind us we hope to see the Bbl/day quantity
begin to increase” added Mr. Leonetti.
Trophy is also in the process of determining
the best productive zone to complete their recent drilling project to.
They hope to have this process complete by the end of this week with
the prospect of having this new well on line by mid November.
Trophy will now be concentrating on
reworking a minimum of two other wells in close vicinity and beginning
a second drilling project (based on rig availability). With all other
field repairs complete on this location, Trophy appears primed to move
at an even more accelerated pace.
This project as part of the second
Phase of R&W #1 is located in Runnel County Texas. Runnel County
Texas has produced tens of millions of barrels of oil and is geologically
situated within a trend of Pennsylvania Age productive reservoirs comprised
of limes and sands between the Bend Arch Axis and the Fort Chadbourne
fault system. This Southwest Texas prospect encompasses multiple leases
covering an area over 600 acres. Development in the prospect is expected
to continue for the next 18 to 24 months. The Company anticipates having
more than twenty-five wells on-line in this period using a combination
of methods including re-entry work, new drilling and a water flood program.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press
Release from October 25, 2006
Trophy Resources initial drilling
complete
Carlsbad, CA—(Business Wire)—Oct 25, 2006--Trophy
Resources, Inc. (OTC:Pink Sheets TRSI) is happy to announce that their
first drilling project in is its final phase. Preliminary data indicates
that they should complete this well with at least one commercially productive
zone.
“Having positive shows for petrocarbons
at multiple levels while drilling to the target depth of 4400’;
all relevant drilling data is currently being evaluated by the geologic
and drilling team specialists to determine the best production zone(s)
and the exact depth at which to complete them” stated Eric Leonetti,
Trophy COO, adding that “all the information necessary to make
the proper decision concerning how to bring this well on line should
be available to us by the end of this week”. The completion phase
is expected to immediately follow such determinations.
During the completion phase of this
new well, Trophy is continuing the process of reworking / reentering
two additional wells on this site. These wells were drilled to the Goen
Reef and produced 30 to 50 BOE with significant amounts of water. Without
a cost effective means to dispose of this fluid, the wells were plugged
over two years ago. With three injection wells now available, Trophy
can produce from these wells and efficiently dispose of all the fluid
produced.
Trophy plans to closely follow this
first new well with a second drilling project (based on rig availability).
With all other field repairs complete on this location, Trophy appears
primed to move at an even more accelerated pace.
This project as part of the second
Phase of R&W #1 is located in Runnel County Texas. Runnel County
Texas has produced tens of millions of barrels of oil and is geologically
situated within a trend of Pennsylvania Age productive reservoirs comprised
of limes and sands between the Bend Arch Axis and the Fort Chadbourne
fault system. This Southwest Texas prospect encompasses multiple leases
covering an area over 600 acres. Development in the prospect is expected
to continue for the next 18 to 24 months. The Company anticipates having
more than twenty-five wells on-line in this period using a combination
of methods including re-entry work, new drilling and a water flood program.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press
Release from October 16, 2006
Trophy Resources Spuds First
New Well
Carlsbad, CA—(Business Wire)—Oct 16, 2006--Trophy
Resources, Inc. (OTC:Pink Sheets TRSI) is excited to announce the drilling
rig scheduled for their Southwestern Texas prospect arrived on time
and drilling began Wednesday (Oct 11th at 5:00 PM CDT). The drilling
Permit for this well was pulled on Sept. 28, 2006, with completion expected
by the end of this week
On September 29, 2006, Trophy announced
a successful re-entry of a now productive well. The new well is located
in close proximity of this and other previously productive wells and
may produce from up to four known zones down to the Goen Reef at 4400’.
“Our experts in the field continue to expect to bring in a 30
to 50 BOE per day well,” stated company COO Eric Leonetti. “With
the completion of this new well, we will have a two well field with
plans to rework two other wells and a second drilling project to closely
follow on this lease.” added Mr. Leonetti.
During completion of the new well,
Trophy plans to move a work over rig on to the site. Two additional
wells are to be re-entered to the Goen Reef to produce that zone. These
wells were originally drilled to the Goen and DST (Drill Stem Tested)
producing 20 to 40 BOE from this zone with significant amounts of water
(in excess of 100 bbls/day). Without a cost effective means to dispose
of this fluid, the wells were plugged just above this zone and produced
all the upper zones with a much greater cut of oil to water. These zones
proved commercially productive for several years. Now, with three injection
wells available, Trophy can produce the Goen Reef and efficiently dispose
of all the fluid produced.
Trophy plans to closely follow this
first new well with a second drilling project (based on rig availability).
With all other field repairs either complete or near completion on this
location, Trophy appears primed to move at an even more accelerated
pace.
This project as part of the second
Phase of R&W #1 is located in Runnel County Texas. Runnel County
Texas has produced tens of millions of barrels of oil and is geologically
situated within a trend of Pennsylvania Age productive reservoirs comprised
of limes and sands between the Bend Arch Axis and the Fort Chadbourne
fault system. This Southwest Texas prospect encompasses multiple leases
covering an area over 600 acres. Development in the prospect is expected
to continue for the next 18 to 24 months. The Company anticipates having
more than twenty-five wells on-line in this period using a combination
of methods including re-entry work, new drilling and a water flood program.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press
Release from October 5, 2006
Trophy Resources to Drill its
First New Well
Carlsbad, CA—(Business Wire)—Oct 5, 2006--Trophy
Resources, Inc. (OTC:Pink Sheets TRSI) is pleased to announce that they
will have a drill rig on their Southwester Texas prospect Monday, Oct
9th, and will spud their first new well Tuesday or Wednesday (Oct 10th
or 11th). A drilling Permit was pulled on Sept. 28, 2006 for this well
which is planned for completion by Monday the 16th.
This location is surrounded by previously
productive wells and is expected to produce from up to four known zones
down to the Goen Reef at 4400’. “Our experts in the field
expect to bring in a 50 to 100 BOE per day well,” stated company
COO Eric Leonetti. “Having already repaired two injection wells,
and reworked one producer, we have now successfully prepared the leases
for the economical disposal of the fluid we will be producing,”
added Mr. Leonetti.
Immediately following the completion
of the new well, a work over rig will be moved on to this site. Of a
potential three wells (depending on the results) two will be re-entered
to the Goen Reef with the expectation of commercial production.
This project as part of the second
Phase of R&W #1 is located in Runnel County Texas. Runnel County
Texas has produced tens of millions of barrels of oil and is geologically
situated within a trend of Pennsylvania Age productive reservoirs comprised
of limes and sands between the Bend Arch Axis and the Fort Chadbourne
fault system. This Southwest Texas prospect encompasses multiple leases
covering an area over 600 acres. Development in the prospect is expected
to continue for the next 18 to 24 months. The Company anticipates having
more than twenty-five wells on-line in this period using a combination
of methods including re-entry work, new drilling and a water flood program.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press
Release from September 29, 2006
Trophy Resources begins oil
production on R&W #1
Carlsbad, CA—(Business Wire)—Sept 29, 2006--Trophy
Resources, Inc. (OTC:Pink Sheets TRSI) is pleased to announce that the
first reworked well in Phase 1 of their Southwest Texas prospect (R&W
#1) has begun producing oil.
The production from this first (R &
W #1) well is anticipated to exceed 30 barrels per day of oil and or
it equivalent. Phase One of trophy’s four phase program is projected
to reach production up to 130bbls a day. "The success from the
first well reinforces managements belief we have selected the proper
project for Trophy." states company COO Eric Leonetti. "We
believe this well to be the first of many successful wells to be developed
by the company over our four phase program in Texas.”
Trophy’s initial cash investment
was $100,000 with an estimated revenue for year one to gross $295,000
(from R&W #1) using $58 oil. R&W #1 is expected to have a five
to seven year life expectancy with moderate depletion over of the life
of the well. Production is intermediate Texas sweet crude. Trophy is
committed to investing an additional $405,000 and to bring on another
2 wells prior to year end.
This project as part of the first Phase
of R&W #1 is located in Runnel County Texas. Runnel County Texas
has produced tens of millions of barrels of oil and is geologically
situated within a trend of Pennsylvania Age productive reservoirs comprised
of limes and sands between the Bend Arch Axis and the Fort Chadbourne
fault system. This Southwest Texas prospect encompasses multiple leases
covering an area over 600 acres. Development in the prospect is expected
to continue for the next 18 to 24 months. The Company anticipates having
more than twenty-five wells on-line in this period using a combination
of methods including re-entry work, new drilling and a water flood program.
The tank batteries for oil storage
are in place, the repaired water disposal well online, the submersible
pump and new production tubing in place, an upgraded electrical power
supply line installed and control panel repairs completed.
Mr. Leonetti added, “Our thanks
go out to the operational team in the field for making this happen so
quickly”.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press
Release from September 28, 2006
Trophy Resources receives site
approval by TRRC for R&W #1
Carlsbad, CA—(Business Wire)—Sept 28, 2006--Trophy
Resources, Inc. (OTC:Pink Sheets TRSI) is pleased to announce that the
first reworked well in Phase 1 of their Southwest Texas prospect (R&W
#1) has begun producing oil.
The production from the R & W #1
well is anticipated to exceed 30 barrels per day of oil and or it equivalents.
Phase One of trophy’s four phase program is projected to produce
up to 130 bbls a day. "The success from the first well reinforces
management’s belief that we have selected the proper project for
Trophy." states company COO Eric Leonetti. "We believe this
well to be the first of many successful wells to be developed by the
company over our four phase program on this lease.”
Trophy’s initial cash investment
of $100,000 is estimated to return gross revenues for the first year
of approximately $295,000 from R&W #1 using $58 oil. R&W1 is
projected to have a five to seven year life expectancy on the well with
a fairly straight line production depletion over the life of the well.
Trophy has committed to invest an additional $405,000 and bring on another
2 wells prior to year end.
This project as part of the first Phase
of R&W #1 is located in Runnel County Texas and produces intermediate
Texas sweet crude. Runnel County, Texas is geologically situated within
a trend of Pennsylvania Age productive reservoirs comprised of limes
and sands between the Bend Arch Axis and the Fort Chadbourne fault system.
This Southwest Texas prospect encompasses multiple leases covering an
area over 600 acres. Development in the prospect is expected to continue
for the next 18 to 24 months. The Company anticipates having more than
twenty-five wells on-line in this period using a combination of methods
including re-entry work, new drilling and a water flood program.
The tank batteries for oil storage
are in place, the repaired water disposal well online, the submersible
pump and new production tubing in place, an upgraded electrical power
supply line installed and control panel repairs completed.
Mr. Leonetti added, “Our thanks
and appreciation go out to the operational team in the field for making
this happen so quickly”.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press
Release from September 26, 2006
Trophy Resources receives site
approval by TRRC for R&W #1
Carlsbad, CA—(Business Wire)—Sept 26, 2006--Trophy
Resources, Inc. (OTC:Pink Sheets TRSI) is pleased to announce that The
Texas Railroad Commission has overseen the successful H-5 testing on
the injection wells for Phase 1 of our Southwest Texas prospect (R&W
#1) thus moving the project one step closer operational status.
With the work progressing at a rapid
pace the prospect of bringing this reworked production well on line
may now be just days away.
“We are extremely pleased that
the TRRC has approved our repairs so we may complete the work on this
site and finish this project in Phase 1. We wish to congratulate our
operational team in the field for a job well done”, said Eric
Leonetti, Trophy COO, adding “Though we cannot predict whether
we have a commercially viable well, the team can now concentrate solely
on the completion of the work necessary to bring the production well
on line leading us that much closer to that determination”.
This Southwest Texas prospect encompasses
multiple leases covering an area over 600 acres. Development in the
prospect is expected to continue for the next 18 to 24 months. The Company
anticipates having more than twenty-five wells on-line in this period
using a combination of methods including re-entry work, new drilling
and a water flood program.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
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Press
Release from September 21, 2006
R&W #1 Prospect Production
Update
Carlsbad, CA—(Business Wire)—Sept
21, 2006--Trophy Resources, Inc. (OTC:Pink Sheets TRSI) is pleased to
announce that work on Phase 1 of their Southwest Texas prospect (R&W
#1) continues ahead of schedule with the hope of production to begin
in approximately one week.
With the prospect of possible success
so close we will be uploading pictures of this well site and the work
in progress onto our web site (www.trophyoil.com) by end of business
Wednesday September 27th.
We will also be encapsulating samples of oil from this our first well.
These samples will be made available to our stock holders / subscribers
on a first come first serve basis upon this possible success. We will
make this information good or bad available at the earliest possible
moment.
This Southwest Texas prospect encompasses
multiple leases covering an area over 600 acres. Development in the
prospect is expected to continue for the next 18 to 24 months. The Company
anticipates having more than twenty-five wells on-line in this period
using a combination of methods including re-entry work, new drilling
and a water flood program.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press
Release from September 11, 2006
R&W #1 Prospect Begins
One Week Ahead of Schedule
Carlsbad, CA—(Business Wire)—Sept
11, 2006--Trophy Resources, Inc. (OTC:Pink Sheets TRSI) is pleased to
announce that work on Phase 1 of the Southwest Texas prospect (R&W
#1) began September 6, approximately one week ahead of schedule.
Due to availability of work crews and
equipment, the re-working of a well drilled to the King Sands can begin
earlier than anticipated.
“Our operating partner, IRA Oil
& Gas, has made considerable progress in getting the logistics organized
so that work begin ahead of the projected schedule” said Trophy
COO, Eric Leonetti, adding, “we are pleased with the support provided
by Glenn Kennedy (Managing Partner of IRA) and his team. We expect to
have this well on-line and in production within the next two weeks.”
Immediately following the completion
of this project, the Company will begin the next stage of Phase 1, the
re-entry of two wells drilled to the Goen Reef followed by the drilling
of two new wells, both of which are also located in the Goen Reef.
This Southwest prospect encompasses
multiple leases covering an area over 600 acres. Development in the
prospect is expected to continue for the next 18 to 24 months. The Company
anticipates having more than twenty-five wells on-line in this period
using a combination of methods including re-entry work, new drilling
and a water flood program.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press
Release from August 23, 2006
Trophy Resources Sets Goals
and Moves Forward
Carlsbad, CA—(Business Wire)—August
23, 2006--Trophy Resources, Inc. (OTC:Pink Sheets TRSI) has established
goals and moving forward to increase holdings and develop productive
oil field redevelopment projects in the Southwestern region of the U.S.
The Company is currently evaluating multiple prospects that show significant
potential in oil reserves in the Southwest as well as Appalachia.
The arrival of Eric Leonetti as Trophy
Oil COO twelve weeks ago marked the beginning of new plans and an aggressive
agenda for Trophy Resources.
Mr. Leonetti told us: “With the
price of crude oil rising to record levels the race was on with and
for many small companies competing for ideas and land (leases); our
goal of 20,000 acres and 1250 Bbl / day in production in our first year
is attainable but we have to be smart not just aggressive” adding
“we believe this is the right time to explore oil field redevelopment
projects focusing on what we believe to be the most cost-effective means
of oil exploration, including the use of water and inert gas flood methods
to reinvigorate once productive fields”.
Trophy is not ruling out wildcat and
developmental plays as is evident with their involvement in the N.E.
Glasgow project (Williston Basin, Montana) as previously announced.
Yet, their current involvement in Southwest Texas and the desire to
increase their holding in this area is currently the focus and the means
to their end; meeting the goals.
Trophy Resources assesses all projects
on the basis of defined investment criteria including the preservation
of capital and mitigation of risk.
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.
Contacts
Trophy Resources
Eric Leonetti, COO, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<<
back to page top
Press Release from August 21, 2006
Trophy Resources Increases Oil Field Redevelopment Portfolio in Southwestern U.S.
CARLSBAD, Calif.--(BUSINESS WIRE)--Aug. 21, 2006--Trophy Resources, Inc. (Pink Sheets:TRSI - News) is planning to increase its involvement in oil field redevelopment projects in the Southwestern region of the U.S. The Company is currently evaluating multiple prospects that show significant potential in oil reserves in the Southwest as well as Appalachia.
Eric Leonetti, Trophy Oil COO: "With the price of crude oil maintaining its value in the mid to low $70s, we believe this is the right time to explore more oil field redevelopment projects." Trophy Oil is focused on the most cost-effective means of oil exploration, including the use of water and inert gas flood methods to reinvigorate once productive fields. Added Mr. Leonetti: "the rework and flood programs using existing wells provides more profit potential to investors than new drilling; it is less capital intensive, there is a higher probability of success as a result of historical records of oil production, and, the return on investment is achieved earlier."
Trophy Resources assesses all projects on the basis of defined investment criteria including the preservation of capital and mitigation of risk.
About Trophy Resources
The Company has partnered with IRA Oil & Gas, a Licenced Oil Field Operator, on an extensive project to redevelop oil wells in the Goen Reef, King Sands and Barnett Shale The project is located on 600 acres of leased land in Runnels and Brown Counties.
This initial project is expected to be completed in two to three weeks at which point the Company will proceed with the remaining projects in the Phase 1 development.
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.
Contacts
Trophy Resources
Eric Leonetti, 866-284-8617
or
Trophy's Investor Relations Firm
D P Martin & Associates
Doug Martin, 561-514-0196
<< back to page top
Press Release from August 16, 2006
Trophy Resources Commences Phase 1 on Rework of Recently Acquired Southwest Texas Leases
DALLAS, TX--(MARKET WIRE)--Aug 16, 2006 -- Trophy Resources, Inc. (Other OTC:TRSI.PK - News) has initiated the first of four phases of their oil exploration project in Southwest Texas. Phase 1 will begin the week of September 10, 2006.
This project will begin by reworking of one well drilled to the King Sands; in order to render it again commercially viable. IRA Oil & Gas, Trophy's well operation partner, will be involved in re-development activities including the pulling and replacement of the well production tubing, repairing or replacement of the submersible pump and replacement of the control panel.
Eric Leonetti, Trophy Oil COO: "As a result of our targeted exploration activities, the reworking of this well has a higher probability of success than new drilling, in addition to the prospect of almost immediate cash flow."
Eric Leonetti added: "Our plan to rework existing wells in mature fields provides several benefits to the Company, including a lower overall cost of production, increased operating efficiency of the wells, and reduced operating risk as a result of their past record of oil production."
The Company has partnered with IRA Oil & Gas, a Licenced Oil Field Operator, on an extensive project to redevelop oil wells in the Goen Reef, King Sands and Barnett Shale The project is located on 600 acres of leased land in Runnels and Brown Counties.
This initial project is expected to be completed in two to three weeks at which point the Company will proceed with the remaining projects in the Phase 1 development.
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.
About IRA Oil and Gas LLC
IRA Oil & Gas owns 100% of the Working Interests in the seven oil and gas Leases located in Brown and Runnels Counties, Texas. The Company operates more than 110 wells located on over 3000 acres in Southwest Texas.
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 t