SOURCE: Blaze Energy

June 05, 2008 15:20 ET

Blaze Energy Corporation Announces Significant Progress With Its Fayetteville Shale Asset

More Than Sixty Wells Under Contract and Twenty-Three Wells Producing

BOISE, ID--(Marketwire - June 5, 2008) - Blaze Energy Corp. (PINKSHEETS: BLZE), a majority-owned subsidiary of Environmental Energy Services, Inc. (PINKSHEETS: EESV), announced today that significant progress in its Fayetteville Shale project has been achieved. The company now has a working interest in over 60 contracted wells, 23 wells producing, and has received revenue from operations.

"We purchased this working interest more than 18 months ago and have now realized revenues from this asset. The management team at Blaze Energy is very pleased with the rapid progress being made in the Fayetteville Shale Play," said Mike Thompson, President of Blaze Energy. "We are on track to reach our production goals for calendar 2008, and are excited about the momentum this achievement brings to the overall company strategy."

Blaze Energy believes that the Fayetteville Shale field represents one of the most promising gas finds in the United States. Blaze participates in over 45,000 gross acres of exploration and development in the Fayetteville Shale.

About Blaze Energy

Blaze Energy Corp. (PINKSHEETS: BLZE) is a natural gas exploration and production company. Blaze Energy Corp. is primarily engaged in the Fayetteville Shale gas project in Arkansas, through working interest it owns in acreage blocks in Van Buren, Cleburne and Conway counties. Blaze Energy Corp. is a majority-owned subsidiary of Environmental Energy Services, Inc. (PINKSHEETS: EESV). For more information please visit www.blazeenergy.net.

About Environmental Energy Services, Inc. (EESV)

Environmental Energy Services, Inc. (PINKSHEETS: EESV) is an independent oil and gas exploration and production company. It analyzes extensive, in-depth research to acquire hydrocarbon energy resources for development and production. Headquartered in Boise, Idaho, EESV through its various holdings and subsidiaries participates in projects and controls resources throughout North America. To learn more about EESV, please visit www.eesvinc.com.

This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and both EESV and BLZE undertake no obligations to update or revise these forward-looking statements.

Contact Information

  • Media and Investor Contact:
    Ann Norman
    Norman Communications
    +1-917-546-9268
    Email Contact