SOURCE: Friendly Energy Exploration

September 17, 2009 09:20 ET

Friendly Energy Barnett Shale Prospect

CARSON CITY, NV--(Marketwire - September 17, 2009) - Friendly Energy Exploration (PINKSHEETS: FEGR) -- The Company announces today that it has begun the process of acquiring an Operators Bond with the Texas Rail Road Commission.

Once the bond has been placed and the application approved, Friendly Energy will become a licensed operator for its wells in the State of Texas.

"This application, upon approval, will provide the company the ability to more closely control all aspects of the oil field production and development of our current and future prospects," states Company President, Douglas Tallant. "This is just one of the many steps the company is taking to achieve its business goals of becoming an efficient, low cost producer of proven oil and gas reserves."

The initial well for the Panther Creek Prospect rework program has been identified and it is anticipated work will begin in the next 10 days.

The company continues to actively search for additional, existing, production to acquire in addition to any proven, low risk, infield drilling opportunities for both oil and gas.

Currently the company has identified several potential prospects, and is performing the required due diligence to verify the economic viability of those acquisitions. Further information will be provided as those processes are concluded.

Friendly Energy is committed to the exploration and development of its prospects to take advantage of the current market pricing in the price of oil and gas by developing undeveloped reserves with little downside risk."

Friendly Energy is a development stage company in the Oil and Gas Exploration Industry.

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.

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