Cardiff Energy Corp. Provides Clayton #1H and Corporate Update
Vancouver, BC / TheNewswire / CARDIFF ENERGY CORP. (the "Company") (TSX-V: "CRS", Frankfurt: "C2Z.F", US Pinksheets: "CRRDF") is pleased to provide an update on the lateral drilling of the Clayton #1H. Martin Energies, Operator of the Clayton #1H, states "We have landed the lateral into the Gardner Lime and have encountered significant Gas and Oil shows, indicating a zone with strong potential. The zone came in structurally at a very favourable sub sea level. This drill out has thus far exceeded our expectations." The Company will be providing further updates as new information is relayed from the drill site.
The Company is also pleased to report that they have acquired an additional 100 Acre prime oil and gas lease bordering the Clayton #1H and have entered into a letter of intent to acquire an additional 400 Acre oil and gas lease adjacent to the Clayton #1H. Furthermore, the Company continues to negotiate other strategic oil and gas lease acquisitions in Runnels County, Texas.
Jack Bal, President and CEO of Cardiff Energy Corp., states "We are very excited with the results of the lateral drilling to date and anticipate the completion of the lateral drilling this week with flow test to follow soon thereafter."
To learn more about the Company and the drilling of the Clayton #1H horizontal well please visit:
About the Company
Cardiff is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff's website at www.cardiffenergy.com
For additional information contact:
Jack Bal, President and CEO
Cardiff Energy Corp
ON BEHALF OF THE BOARD OF DIRECTORS
President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to the future operations of the Company. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.
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