GM -ASKE .0003X.0004-NEWS@8AM Alaska Pacific Energy

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

Feb 27, 2013 at 9:16 AM

GM -ASKE .0003X.0004-NEWS@8AM

Alaska Pacific Energy Considering South Texas Oil/Gas Lease 02/27 08:00 AM

MIAMI, Feb. 27, 2013 /PRNewswire/ -- Alaska Pacific Energy Corp. (PINKSHEETS: ASKE) announced earlier this week that it is moving closer to a deal for drilling acreage in McMullen County, Texas. The acreage being considered appears to be able to provide an outstanding pay from the Eagle Ford Shale Pay Zone. Experts have estimated over 25 Billion Barrels of oil and 150 trillion cubic feet of natural gas in the Eagle Ford Shale Pay Zone. The company is in the process of accessing additional geology on the actual tracts that they are considering. There are also stacked payout opportunities in formations that are found both above and below the Eagle Ford. This is a very exciting time at the company.
Company President, Dominick Falso said, "I have spent quite a bit of time investigating various opportunities in a variety of areas. The Eagle Ford Shale Play has been booming for the past few years but we feel, and so do many others, that this boom should last for years to come. Our goals include exchanging restricted shares for drilling rights or even partnering up with current lease owners…again bring restricted common stock to the table. This gives us a year from the a date that we acquire a lease to develop it to production…the theory being that the oil and or gas production will help fortify the company, financially and otherwise… ."
"We have been working very hard since taking over in December," Mr. Falso continued. "We still have a few items that need attention…for instance our website is still not up to date…we expect that to be fixed soon…and we are working on becoming a listed or transparent company again…listed on OTC as a QB Company…however the main objective is to become profitable…and by doing so increase and support shareholder value… ."
The South Texas opportunities are not the only ones being examined. The company is also exploring drilling opportunities in West Texas as well as Oklahoma and Kansas. The company expects that the price of crude oil will remain in the one hundred dollars per barrel for quite a while. Accordingly the company is developing plans to be able to acquire leases, develop them and get to market at a substantial profit which should have a positive impact on shareholder value. The company will continue to keep shareholders informed of its progress.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission and or elsewhere. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
CONTACT: Alaska Pacific Energy Corp. (ASKE:$0.0003,$-0.0001,-25.00%)
Dominick Falso, President (954) 793-0657
www.alaskapacificenergy.com
info@Alasksapacificenergy.com

SOURCE Alaska Pacific Energy Corp. (ASKE:$0.0003,$-0.0001,-25.00%)

Get more news on:SYMBOLS: ASKENEWS TYPE: SECTORS: Energy, Oil, Gas and Consumable Fuels, Financials, Capital Markets, Utilities

I ONLY POST WHAT I PLAY

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Warehouse Strike Over Pensions Jolts AGNE Operations

AGNE Feels Heat as Teamsters Strike Over Pensions Damn near thought we'd seen it all, but here we are, bearings rattled by yet another strike at a time when disruption seems to be the tune of the day. Over 255 members of Teamsters Local 633 have locked horns with Associated Grocers Northeast (AGNE) in Pembroke, New Hampshire. It's not about nickel-and-diming over a pay...

AI in Healthcare: Real Results Unveiled at HLTH 2026

Transforming Healthcare with AI The landscape of healthcare is constantly evolving, and this time, we're diving deep into how AI is shaking things up. MCG Health and Telligen, both heavyweights in the health sector, are stepping into the limelight at the HLTH 2026 conference. This ain't just any run-of-the-mill presentation; it's where the rubber meets the road in...

Marini SkinSolutions Wins with Night Zyme Complex

Shaking Up the Skincare Scene You don't often see a skincare product snag three prestigious awards in one year, but that's exactly what's unfolding for Marini SkinSolutions. This time, their Night Zyme® Overnight Glass Skin Resurfacing Complex grabbed the 2026 Shop TODAY Ageless Beauty Award. It’s turning heads and not just in beauty aisles but among investors eyeing a...

GAC Hits Record with 223,000 Units Exported in 2026

GAC Gaining Ground Globally in 2026 China's GAC is making waves with its recent export figures. They've blitzed past the competition, exporting 223,000 units from January to October 2026. That's not just a number, it’s a record, with October alone seeing a hefty 26,017 units shipped—marking an impressive 80.8% growth compared to last year. A Strategic Push in Europe...

Mondego Bio Charges Ahead with Cancer Therapy Trials

Cracking Cancer's Code: Mondego's Bold Move Big news from Portugal today—a quiet town called Cantanhede is now the epicenter of a potential game-changer in cancer therapy. Mondego Bio, with its small-molecule innovator MB?388, is diving headfirst into a Phase 1 clinical study. If you're scratching your head about the significance, let me spell it out: this is an attempt...

Bram Schot Steers Marelli Through Chapter 11 Resurgence

So, Marelli's rolling out the heavy artillery with the appointment of Bram Schot as their future Chair. This isn't just reshuffling a few chairs on the deck of a wobbly ship. No, Marelli's emergence from Chapter 11, with Schot at the helm, is more akin to a full-blown course correction. The man comes seasoned, having braved the corporate gales at Audi, Mercedes-Benz, and...

Attilio's Longevity Push: Science with a Personal Touch

Reimagining Longevity: Beyond Just Adding Years Guess what? Living longer isn't just about reaching the milestone of blowing out 100 birthday candles. That's the message Attilio drilled home during their recent Longevity Event. And let me tell you, it was quite a doozy—from what went down at Stanford to a deep dive at the Buck Institute, it was an eye-opening affair....

SKF's Industrial Push: Energy Efficiency at COP31

SKF's Green Initiative: A Major Step Forward You ever find yourself in a room full of big players, each trying to outdo the other? That's the stage set for SKF at COP31, where they're not just strutting around showing off but actually offering some substance—a rarity in these highbrow gatherings. They're juicing up the talk around energy efficiency and circularity...

Dill Dinkers Eyes Next Growth Phase with Local Deal

A Leap Toward Future Growth You know, not every day does a company manage to turn its early beginnings into a robust franchise system, but Dill Dinkers seems to be onto something here. This pickleball outfit is tossing its original Maryland clubs to local hands, and it’s not just a transaction—it’s a calculated play intending to solidify their expansion path...

FirstService Jolts Mira Mar Redesign Masterplan

Sarasota's Mira Mar Finds Its Match Holy smokes! Sarasota's making waves again as Mira Mar, the high-end luxury condominium development, ropes in FirstService Residential to give it that extra oomph. Now, we're talkin’ about a real shake-up in downtown Sarasota real estate. The game here isn’t just grabbing a slice of the pie; it's the whole damn pie. Luxury Living...