August 4, 2013
Connie Helwig, sole director of Eagle Oil Holding Company Inc., is pleased to announce that the Morrison lease has been purchased by Eagle Oil from Drake Gold Resources Inc. (DKGR:OTC) in exchange for a convertible note.
This large lease located in Venango County, Pennsylvania consists of 396 acres with 60 wells. The Net Revenue Interest is 87.5%. Monies have been wired to the operator to get a complete analysis of this lease as well as our previously acquired Frank Farm lease.
Ms. Helwig states the following, “this new acquisition gives Eagle Oil a significant presence in Venango County, PA. We intend to develop the lease by reworking the existing wells and drilling for new wells.”
Further updates will be forthcoming.
Forward- Looking Statements
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Eagle Oil Holding Co. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.
Contact Information:
eagleoilholdingcompany@gmail.com
