SOURCE: Arcland Energy Corporation
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September 15, 2008 13:04 ET
Arcland Energy Engages Gustavson Associates as Consulting Geologist for Economic and Potential Recoverable Report
DALLAS, TX--(Marketwire - September 15, 2008) - Arcland Energy Corporation (OTCBB: ACLE), an
independent oil and gas company, is pleased to announce it has retained
Gustavson Associates, LLC, a Colorado-based engineering firm, to assist on
prospective opportunities and conducted a scoping economic analysis using
the "Best Estimate" for both an oil and gas future net revenues, on Arcland
Energy's acreage located in the Bend Arch-Fort Worth Basin Province and
Palo Pinto Basin, Texas as the Company sets in motion an aggressive
campaign to explore and increase reserves.
Gustavson Associates, LLC is a global consulting firm consisting of
geologists, geophysicists, engineers, land and contracts managers as well
as economists and financial experts on all aspects of natural resource
evaluations.
Arcland Energy Corporation President Bryan Bulloch said, "We are excited to
continue working with Gustavson Associates, LLC. With over 25 years'
experience serving the domestic and international resource evaluation, we
will communicate more on the results of the Potential Recovery report and
Drilling Plans soon. We are very excited about the opportunities we have
ahead."
About Arcland Energy Corporation
Headquartered in Dallas, Texas, Arcland Energy Corporation is a publicly
traded company (OTCBB: ACLE), in Oil & Gas exploration, exploitation and
production, focused on the domestic onshore basins of the Gulf Coast, West
Texas and Mid-Continent regions, which holds a significant operating
acreage in the North West Texas area. Arcland Energy will invest its
capital to enhance and extend existing conventional and unconventional
hydro-carbon plays and to participate in emerging unconventional resource
trends. Our primary goal is to increase the value of acquired properties
through increasing production and proven reserves in a short amount of
time.
Forward-Looking Statements: The statements which are not historical facts
contained in this release are forward-looking statements that involve risks
and uncertainties, including but not limited to, the effect of economic
conditions, the impact of competition, the results of financing efforts,
changes in consumers' preferences and trends. The words "estimate,"
"possible," and "seeking" and similar expressions identify
forward-looking statements, which speak only to the date the statement was
made. The Company undertakes no obligation to publicly update or revise any
forward-looking statements, because of new information, future events, or
otherwise. Future events and actual results may differ materially from
those set forth herein, contemplated by, or underlying the forward-looking
statements.
2008 Arcland Energy Corporation. The information herein is subject to
change without notice. Arcland Energy Corporation shall not be liable for
technical or editorial errors or omissions contained herein.