SOURCE: Czech Republic Resource Corp.

April 23, 2010 08:00 ET

Czech Republic Planning Multiple Lease Drilling With Joint Venture Partner

NEW YORK, NY--(Marketwire - April 23, 2010) -  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 that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

Contact Information

  • Contact:
    Jara Meger
    +420.220.571.134