SOURCE: Brighton Oil & Gas
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September 28, 2007 12:10 ET
Brighton Oil & Gas Management Provides Updates for Shareholders
DALLAS, TX--(Marketwire - September 28, 2007) - Brighton Oil & Gas, Inc. (OTCBB: BOGS) -- The
Company has in the past announced pending acquisitions of oil and gas
properties and would like to bring the shareholders up to date as to those
announcements. In October of 2006, the purchase of 3 drilling rigs never
closed and the company will not pursue that purchase. The 42-well program
on 15,000 acres was never funded and that program will not be revived. The
12 million dollar purchase announced in March of 2007 was not closed due to
the lack of funding. The Wise County acquisition, announced in April of
2007, was never closed due to lack of funding.
The Company currently has no ongoing operations and is reviewing several
prospects that new management believes will result in some good
opportunities for the future direction of the Company. Events will be
announced as they are closed.
About Brighton Oil & Gas, Inc.
Brighton Oil & Gas, Inc. is an oil and gas company with a focus on gulf
coast oil and gas prospects and properties. Brighton is careful to develop
a thorough drilling plan using advanced technologies in both mapping and
the use of 3D seismic reports and information. Brighton trades under the
ticker symbol BOGS. For more information on the Company, visit
http://www.Brightonoil.com.
This Press Release may include forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934. A statement identified by the words "expects,"
"intends," "projects," "plans," or similar phrases may be deemed
"forward-looking statements." Although Brighton Oil & Gas, Inc. believes
that the expectations reflected in such forward-looking statements are
reasonable, these statements involve risks and uncertainties that may cause
actual future activities and results to be materially different from those
suggested or described in this press release. These include risks inherent
in the drilling of oil and natural gas wells, including risks of fire,
explosion, blowout, pipe failure, casing collapse, unusual or unexpected
formation pressures, environmental hazards, and other operating and
production risks inherent in oil and natural gas drilling and production
activities, which may temporarily or permanently reduce production or cause
initial production or test results to not be indicative of future well
performance or delay the timing of sales or completion of drilling
operations; risks with respect to oil and natural gas prices, a material
decline in which could cause the Company to delay or suspend planned
drilling operations or reduce production levels; and risks relating to the
availability of capital to fund drilling operations that can be adversely
affected by adverse drilling results, production declines and declines in
oil and gas prices and other risk factors.