SOURCE: Czech Republic Resource Corp.

April 19, 2010 08:00 ET

Czech Republic Resource Corp. in Negotiations

NEW YORK, NY--(Marketwire - April 19, 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 has entered in negotiations.

The Company is currently in negotiations with Jedi Energy Partners, LLC to drill multiple wells in the West Texas area. Jedi Energy Partners currently have several leases that have been tied up and have built a partnership with the Driller/Operator in the area. They have drilled over 135 wells in West Texas and have over 35 years' experience. These prospects are considered in field which mean they are older fields that have produced at one time or another.

This opportunity would put the Company in position to be an important player in the Oil & Gas market in Texas.

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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