BOPT BAKKEN OIL PLAY

New Post Public Reply Private Reply Replies (0) Message Board

Jan 16, 2013 at 3:14 PM

BOPT >BAKKEN OIL PLAY

Eco-Trade Corp. Signs Definitive Agreement to Develop South Bakken Prospect in Montana With an Estimated Reserve Potential of between 80 to 120 Million of Barrels of Oil Recoverable

GREAT FALLS, Mont.--(BUSINESS WIRE)--
Eco-Trade Corp. (OTCQB BOPT), an independent oil and gas exploration Company, announced today that it has signed a definitive agreement to acquire the South Bakken Prospect in Montana.
Eco-Trade Corporation has, through this acquisition, the rights to the exploration, drilling and production on a property in Lewis & Clark County in Montana, near Great Falls totaling over 5,800 acres called the South Bakken Prospect. The property is located in the southern part of the Alberta Bakken Fairway, and may hold an estimated reserve potential of between 80 to 120 millions of barrels of oil recoverable according to a report prepared by BakkenQuest LLC.
The advent of the Alberta Bakken Fairway creates another opportunity for Bakken production outside of the boundaries of the Williston Basin. The Bakken Fairway was first discovered and drilled in Alberta, Canada, but now extends deep into northwest Montana into Lewis & Clark County where it is bordered by the Rocky Mountain Thrust Zone on the west and the Sweetgrass Arch to the west.
Other companies in the general vicinity include Primary Petroleum, Rosetta Resources Inc., Newfield Exploration Company, Stone Energy, Anschutz Exploration Corp., Quicksilver Resources Inc., Fairways Offshore Exploration Inc., Arkanova Energy Corp., FX Energy, Inc. and American Eagle Energy Inc.
According to BMO capital Markets, “While the play is still emerging, the Alberta Bakken appears to be developing into a potential new unconventional tight oil resource play.”
The Company believes that it has positioned itself in the middle of a major new oil play in Continental America, and is looking forward to developing its assets further.
About Eco-Trade
Eco-Trade is fully-reporting, independent oil and gas exploration company, that has exploration, drilling and production rights on a property in Lewis & Clark County in Montana, near Great Falls totaling over 5,800 acres called the South Bakken Prospect. Please visit www.ecotradecorporation.com
Safe Harbor
The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's Report on Form 10Q filed on November 13 2012, as well as the information contained in this release, and amended risk factors to investment that may be found at http://www.ecotradecorporation.com/contact/safe_harbor.html when assessing the Company and its business. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms, such as prospective resource or Original Oil in Place (OOIP) or Petroleum Initially In Place (PIIP), or Estimated Reserve Potential (ERP), Estimated Ultimate Recovery (EUR) that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Additional information may be found at the following web site:
http://www.sec.gov/divisions/corpfin/guidance...nterps.htm
Contact:
Eco-Trade Corp.
David Price, 855-645-9378
info@ecotradecorporation.com

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

TDS Hits Bumps but Keeps Shareholders Happy

High Hopes and Hard Hits: TDS in 2026 Listen up, folks. Telephone and Data Systems, Inc. (NYSE: TDS) just popped the hood on their third quarter earnings, and it's a mixed bag with plenty to chew over. Operating revenues are slightly down from last year, but management's got some tricks up their sleeves. CEO Walter Carlson is trumpeting their expanded fiber service...

Ripple and AOF Triumph with Bronze Anthem Award Win

Small Businesses Find Their Voice with Ripple & AOF Accolades are sweet, but when they highlight real stories of change, you've got something more than just a shiny trophy. That's what's cooking over at Ripple and Accion Opportunity Fund (AOF) with their 'Unlocking Opportunity Together' campaign snagging a Bronze Anthem Award in the Humanitarian Action & Services...

Brookdale Shows Recovery with Improved Q3 2026 Results

Cracking Open Brookdale's Q3 2026 Numbers: A Mixed Bag You know, there's something oddly satisfying about net losses shrinking like a cheap wool sweater in a hot wash. Brookdale Senior Living's third quarter results show just that. We're looking at a net loss of $13.9 million, a big step up from the towering $114.7 million nosedive a year ago. Yeah, it's still a loss, but...

Silversea Opens World's Southernmost Hotel in Chile

Launching into the Frozen Frontier Roll out the red carpet—or should I say, the white one—because Silversea's just dropped a hospitality bombshell down at the ends of the Earth. The Cormorant at 55 South flung its doors wide open, setting Puerto Williams, Chile, in the limelight. And boy, it's making waves. We're talking about the southernmost hotel on this spinning...

Hyperstar's Bold Push: Sales Over Follower Hype

A New Era in Influencer Marketing: Hyperstar's Gamble Here's a kicker—follower count is starting to take the back seat, and it's about darn time. Over in Seoul, Hyperstar is shaking up the influencer marketing scene with a new laser focus: not who's got the biggest podium, but who can actually move the product. CEO Euychul Shin seems bent on rewriting the playbook. He...

Pendas Family Seeks Privacy After Helicopter Tragedy

A Family's Heartfelt Request in the Face of Tragedy Sometimes life deals in blows that are as sudden as they are incomprehensible. This is one of those times for the Pendas family. Tomas Pendas, a Miami native and the heart behind Global Air Group, tragically passed away in a helicopter crash on November 4th, 2026 near Nixon Beach in Biscayne Bay. Looking Back: Tomas...

CassTime's AI Solution Eases Global Parts Market Strains

Driving Innovation in the Auto Aftermarket When car parts become a global jigsaw puzzle, you need more than wrenches to solve it. Enter CassTime with its AI-driven 'T+D Solution'—a tangible answer to the woes of data matching and repair capability bottlenecks plaguing the automotive aftermarket worldwide. Taming the Global Parts Beast Pull back the curtain on AAPEX 2026...

Cognizant Grabs Wizeline: A Power Play in Digital

An Acquisition with Strategic Weight Cognizant's just bagged a beast, folks. The purchase of Wizeline marks a hefty step for NASDAQ:CTSH in the ever-evolving landscape of digital engineering and AI. It's not the kind of strategic move you see every day. The Wizeline Asset: What Stands Out? Wizeline isn't just window dressing. It's a heavy hitter in AI-native digital...

Beverly Hills Body Academy: A New Era in Contouring

Setting New Standards in Body Contouring It's no secret that Beverly Hills is all about luxury and cutting-edge trends. So, when the Beverly Hills Body Academy™ (BHBA) sets up shop in this glitzy locale, it's a pretty loud statement in the world of body contouring. This isn't just another vanity-driven operation; it's about pioneering advancements in the field of body...

U Power's H1 2026: Inside the Financial Numbers

Financial Struggles Amid Expansion Efforts Imagine a ship trying to lift anchor while taking on water. That's U Power Limited's latest financials for the first half of 2026 in a nutshell. We're seeing the company, listed under NASDAQ: UCAR, navigating through turbulent financial seas while executing ambitious expansion projects. Revenue Declines Spell Trouble Total net...