Environmental Energy Services, Inc. Reviews Mirror Image Prospect for Drilling
EESV Determines Mirror Image Prospect Is Suitable for Drilling Project BOISE, ID -- (MARKET WIRE) -- 04/30/08 -- Environmental Energy Service, Inc. (EESV) (PINKSHEETS: EESV), an independent oil and gas exploration and production company, announced today that it has reviewed the Mirror Image prospect, and is moving forward with plans to drill.
"Our geologists have confirmed this to be a very exciting prospect," said A. Leon Blaser, Ph.D. and CEO of EESV. "We are eager to begin drilling and believe this will occur within calendar 2008." Mirror Image is a conventional gas play neighboring a similarly structured 1+ trillion cubic foot estimated reserve, South Lake Arthur Field in Louisiana. EESV's leases are located within 2.5 miles of South Lake Arthur Field's highest producing well, and within 200 feet of the nearest pipeline.
The state of Louisiana, Office of Conservation, recently approved a "unitization order" and designated the drilling unit.
About Environmental Energy Services, Inc. (EESV) Environmental Energy Services, Inc. (EESV) is an independent oil and gas exploration and production company. It combines cutting-edge technology and research to acquire hydrocarbon energy resources for development and production. Headquartered in Boise, Idaho, EESV through its various holdings and subsidiaries participates in projects and controls resources throughout North America. To learn more about EESV, please visit www.eesvinc.com. This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and both EESV and BLZE undertake no obligations to update or revise these forward-looking statements. Media and Investor Contact: Ann Norman Norman Communications +1-917-546-9268 ann_norman@normancommunications.com
2008-04-30 19:07:50 0349794 MARKETWIRE
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