SOURCE: Friendly Energy Exploration

April 21, 2010 09:00 ET

Friendly Energy Exploration Continues to Increase Production

CARSON CITY, NV--(Marketwire - April 21, 2010) -  Friendly Energy Exploration (PINKSHEETS: FEGR) is pleased to announce an increase in production from its five leases in Brown County, TX. Increased production has come from four Byler oil wells that were recently brought online, along with additional gas wells reworked on the South Thrifty Lease. The company is now producing over 70 barrels a day, which is up significantly from 22 barrels the company announced two weeks ago.

Doug Tallant, CEO of Friendly Energy, stated: "Our investment in infrastructure, work crews and our service rig is paying off. We are very pleased with these results so far and we are well on our way towards our goal of 300 barrels per day production by year end."

Friendly Energy Exploration will be presenting at the Accredited Members, Inc. conference this week in Las Vegas. Accredited Members, Inc. (AMI) is a publisher of research and information regarding small/micro cap companies. AMI provides an online social networking website intended for high net-worth investors (www.accreditedmembers.com) and corporate profile clients. It also holds conferences for accredited investors to meet and build relationships with small/micro cap companies.

About Friendly Energy: Friendly Energy is an exploration, development and production company in the Oil and Gas Exploration Industry. The Company is focusing on low cost oil and gas recovery in the States of Texas and Oklahoma. Friendly Energy is committed to building shareholder value by taking advantage of the current market pricing of oil and gas by developing undeveloped reserves with little downside risk. Please see the company's website: www.fegr.biz.

This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Exploration ("FEGR") reasonably expects to occur in the future. Expectations for the future performance of the business of FEGR are dependent upon a number of factors, and there can be no assurance that FEGR will achieve the results as contemplated herein and there can be no assurance that FEGR will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FEGR disclaims any obligation to update any forward-looking statement made herein.

Contact Information

  • For Additional Information:
    Sean Tallant
    1 970 434 4297