SOURCE: Superior Oil and Gas

July 07, 2010 07:00 ET

Superior Oil and Gas Co. Commences the Re-Completion of the Chickie#1 Well in Logan County, Oklahoma

CALUMET, OK--(Marketwire - July 7, 2010) -  Superior Oil and Gas Co. (OTCBB: SIOR) has begun the recompletion of the Chickie#1 well into the Tonkawa zone. "This will conclude the ultimate productive value of this well," announced Dan Lloyd Jr., Vice President of Superior. "Post the commingling of many zones; the Chickie#1 has served its past purpose of identifying the proper zones that would form the basis for future horizontal drilling. Now we must further capitalize on this asset and have it produce in a reliable manner. The recompletion into the Tonkawa zone should allow us to do just that. It is most prolific in the Wolf Creek area," Lloyd added.

About Us

Superior Oil and Gas Co. is an independent oil and gas developer and producer. It is looking forward to pursuing new joint ventures that will exploit unique oil & gas drilling and work-over opportunities. It has accumulated various oil and gas properties in Oklahoma.

This Press Release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect", "anticipate", "believes", "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Superior's ability to successfully acquire resources and produce its resources among other issues. We undertake no obligation to publicly update any forward-look statements for any reason, either if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.

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