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Published in Stocks and Investing on Tuesday, June 8th 2010 at 6:20 GMT by Market Wire
DALLAS, TX--(Marketwire - June 8, 2010) - ([ http:// ][ www.standardoilcompanyusa.com ]) Standard Oil Company USA, Inc.'s (
Home Creek Energy, LLC, a Texas based company, holds oil and gas leases of nearly 2348 acres in Texas. The bulk of the leases lie in the Lindsea Bea (Bend Conglomerate) field. This field was evaluated in the "Lindsea Bea (Bend Conglomerate) Field Waterflood Feasibility Study & Evaluation of Oil and Gas Reserves" by ASC Consultants, Inc Registered Professional Engineers Study #094980501. According to the ACS Consultants' engineering report, the Lindsay Bea Field is a quite large and substantive reserve. The projected revenues and numbers quantifying the amount of recoverable barrels of oil and cubic meters of natural gas will be reported in a future Press Release. Other assets include in this purchase are 18 x 210 bbl tanks w/walkways and stairs, 5 total fiberglass tanks with a total capacity of 1140 bbl, 8 heater treaters and other oil equipment essential to oil production.
Mr. Ronald Brooks, Standard Oil Company's Chairman is quoted as saying,"This is the first step in laying the foundation for SOCU to become a leader in the oil and gas industry."
About Standard Oil Company USA, Inc.
Standard Oil Company USA, Inc. (
The company is currently evaluating drilling projects both domestically and in the near future internationally.
For more information visit our website at: [ www.standardoilcompanyusa.com ].
Forward-Looking Statements
This news release contains forward-looking statements made by STANDARD OIL COMPANY USA, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.
