SOURCE: Vanguard Energy Corporation

Vanguard Energy Corporation

February 06, 2012 08:00 ET

Vanguard Energy Enters Into a New Lease With Black Stone Minerals

HOUSTON, TX--(Marketwire - Feb 6, 2012) - Vanguard Energy Corporation (OTCBB: VNGE), an oil drilling and production company, announced today that it has entered into a new 3-year mineral lease with Black Stone Minerals of Houston for 70 acres that are adjacent and in the middle of Vanguard's current lease holdings in the Batson Dome oil field in Southeast Texas. The addition of this lease brings Vanguard's total acreage under control at the Batson Dome oil field to 500 acres.

Vanguard's President and CEO, Warren M. Dillard, commented: "We are very enthusiastic about the prospects for this new lease; our recently completed 3-D seismic analysis covering this area indicates that it has very good prospects for future drilling."

About Vanguard Energy Corporation
Vanguard Energy Corporation is an oil drilling and production company with a focus on established oil fields in southeast Texas. Concentrating on oil properties in established areas with proven production, Vanguard can apply its managerial expertise to maximize production while minimizing risk. Vanguard believes it can create significant shareholder value by building cash flow and oil reserves through an aggressive, focused acquisition and development program in the prolific Southeast Texas oil producing region. Vanguard's initial area of operation is in the famous Batson Dome Field, where it controls 500 strategically located acres. For more information, visit: www.vanguardenergycorp.com.

Safe Harbor
This press release and other statements Vanguard Energy Corporation may make in the future contain forward-looking statements that relate to Vanguard's plans, objectives and future estimates. Various risks, uncertainties and other factors could cause actual results to differ materially from those expressed in any forward-looking statements. For a more detailed list of such risks, uncertainties and other factors, please refer to the Risk Factor section of Vanguard's Form S-1 and in its other periodic filings with the Securities and Exchange Commission. Vanguard makes no commitment to update any forward-looking statement, or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement, except as may be required by applicable law.

Contact Information

  • Contact:
    Victor P. Thompson
    Investor Relations
    888-751-1306