Contact Information: Contact: Brad Holmes Investor Relations (713) 654-4009 Don Kirkendall President (832) 369-6986
Petro Resources Updates Status of Office Operations Due to Hurricane Ike
| Source: Petro Resources Corporation
HOUSTON, TX--(Marketwire - September 17, 2008) - Petro Resources Corporation (AMEX : PRC ) ("the
Company"). The Company anticipates having office operations restored
within a few days based on updates from building management. The building
that houses the Company's office suffered no water or physical damge as a
result of Hurricane Ike. The Company lost electrical power, phone, voice
messaging, and e-mail capability as a result of the storm. In order to
help resume corporate communications the Company has set up a temporary
e-mail address for all e-mail correspondence. The temporary e-mail address
is: petroresourcescorp@gmail.com. The Company asks that all e-mails be
sent to this temporary e-mail address until office operations are fully
restored. Incoming e-mails will be forwarded to the proper company
contact.
The Company's production base was not impacted by the hurricane and remains
up approximately 35% since the beginning of the year. Drilling activity in
the Cinco Terry Prospect area in Crockett County was not hampered by the
storm.
Management Comments
Don Kirkendall, President of Petro Resources Corporation, mentioned that
"The Company was very fortunate during the hurricane and has only suffered
the inconvenience of being without normal office services until electrical
and phone service can be restored. We ask that e-mail communications be
directed to the temporary e-mail address until we have fully re-established
normal e-mail capability."
About Petro Resources
Petro Resources Corporation is an independent exploration and production
company engaged in acquisitions of exploratory leases, acquisitions of
producing properties, secondary enhanced oil recovery projects, exploratory
drilling, and production of oil and natural gas in the United States.
For more information, please view our website at
www.petroresourcescorp.com.
Forward-looking Statements
The statements contained in this press release that are not historical are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended (the "Securities Act"), and Section 21E
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
including statements, without limitation, regarding the Company's
expectations, beliefs, intentions or strategies regarding the future. Such
forward-looking statements relate to, among other things: (1) the Company's
proposed exploration and drilling operations on its various properties, (2)
the expected production and revenue from its various properties, and (3)
estimates regarding the reserve potential of its various properties. These
statements are qualified by important factors that could cause the
Company's actual results to differ materially from those reflected by the
forward-looking statements. Such factors include but are not limited to:
(1) the Company's ability to finance the continued exploration and drilling
operations on its various properties, (2) positive confirmation of the
reserves, production and operating expenses associated with its various
properties; and (3) the general risks associated with oil and gas
exploration and development, including those risks and factors described
from time to time in the Company's reports and registration statements
filed with the Securities and Exchange Commission, including but not
limited to the Company's Annual Report on Form 10-K for the year ended
December 31, 2007 and Form 10-Q for the quarters ended March 31, 2008 and
June 30, 2008. The Company cautions readers not to place undue reliance on
any forward-looking statements. The Company does not undertake, and
specifically disclaims any obligation, to update or revise such statements
to reflect new circumstances or unanticipated events as they occur.