SOURCE: Topaz Resources, Inc.

Topaz Resources, Inc.

June 18, 2010 16:27 ET

Topaz Resources Outlines Objectives for 2010

DENTON, TX--(Marketwire - June 18, 2010) -  Topaz Resources, Inc. (OTCBB: TOPZ), an independent oil and gas company ("Topaz" or the "Company"), today issued a corporate update to provide its shareholders with insight into a series of fundamental developments occurring at the Company in 2010. In a formal statement, Ted Munden, the Chief Executive Officer of Topaz, stated:

"Over the next few weeks, we will commence the announcement of:

  • strategic partnerships to facilitate drilling and development of our properties;
  • the ongoing acquisition of targeted oil and gas properties to expand and enhance our portfolio;
  • 3D seismic to assist in the location and design of our horizontal well program for our Barnett oil and gas wells; and
  • the ongoing drilling of both shallow oil and gas wells and of the Barnett oil and gas wells."

"We invite you to join us as we fully exploit the production potential and financial upside of Topaz's growing project inventory."

About Topaz Resources

Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas. 

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Natalie Bannister
    Investor Relations
    Email Contact