SOURCE: Arcland Energy Corporation

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.

Contact Information

  • CONTACT:
    Vitae Investor Relations
    Carisa Newsom
    Email Contact
    214.484.9333