SOURCE: Topaz Resources, Inc.

Topaz Resources, Inc.

September 09, 2010 16:00 ET

Topaz Resources Reports on Importance of Barnett Shale Gas to the U.S.

DENTON, TX--(Marketwire - September 9, 2010) -  Topaz Resources, Inc. (OTCBB: TOPZ) today reported that the importance of Barnett Shale natural gas to the U.S. has been detailed by Ed Ireland, executive director of the Barnett Shale Energy Education Council, in a video produced by America's Natural Gas Alliance available at http://www.bseec.org/content/ed-ireland-discusses-barnett-shale-and-its-importance.

In this video, Mr. Ireland notes that Barnett Shale natural gas production generates 70,000 jobs directly and many more indirectly and contributes tens of billions of dollars to the economy. Furthermore, while 70% of all energy consumed by the U.S. is imported, 97% of all natural gas consumed in the U.S. is produced in the U.S. making the U.S. independent in its natural gas production.

The Barnett Shale has become one of the biggest natural gas plays and drilling booms in the continental United States and is the largest producing gas field in Texas.

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
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