SOURCE: Topaz Resources, Inc.

Topaz Resources, Inc.

August 31, 2010 06:00 ET

Topaz Resources Establishes Well Partner Program

DENTON, TX--(Marketwire - August 31, 2010) -  Topaz Resources, Inc. (OTCBB: TOPZ) today reported that it has created its Well Partner Program as part of the Topaz Partner Program announced earlier on July 8, 2010.

Topaz controls its own rigs and work crews, and Topaz management has drilled or participated in over 250 Barnett wells and has drilled over 1,000 wells in other formations. Accordingly, Topaz has established a reputation as a partner of choice for wells, which previously have been drilled and need specialized expertise in either completion, workovers or other supplemental work to bring them into production or to improve production.

Topaz already has attracted negotiations for more than 5 wells in its Well Partner Program. Over the next few months, Topaz will be announcing a series of new transactions in completing the development of these and other wells.

About Topaz Resources

Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas. The Company's website can be found at www.topazresourcesinc.com.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Natalie Bannister
    Investor Relations
    573.631.2193
    Email Contact