SOURCE: Neuro-Hitech, Inc.
FORT WORTH, TX--(Marketwired - Jan 17, 2014) - Neuro-Hitech, Inc. (OTC Pink: NHPI) is pleased to announce they have purchased two leases in the Heart of the Ft. Worth Basin in Texas. The M.V. Keller Lease A. and the M.V. Keller Lease B. are contiguous and total roughly 153 acres in Young County, Texas.
NHPI is also pleased to announce they started reworking the first well, and have already started producing oil. There are currently 10 wells on these leases that have to be reworked and brought back online.
The Company has also identified 15 shallow drilling locations 1,000 to 2,000 feet and 4 deeper drilling locations 3,800 to 5,400 feet.
Mr. Thomas, President of NHPI, stated, "We are extremely ecstatic that we have begun producing oil so quickly. As we finish a few of the reworks we will have a better idea of what daily production will be. We are on course for the Company's goals of producing a minimum of 500 barrels of oil per a day."
Safe Harbor Statement:
This news release includes forward-looking statements pertaining to future anticipated projected plans, performance and developments, intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Any statements on this news release that are not statements of historical fact should be considered forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "intends," or other words or phrases of similar import. Similarly, statements in this news release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.