Eagle Ford Oil & Gas Corp Announces Drilling Update in Live Oak County
HOUSTON, Nov. 10, 2010 /PRNewswire/ -- Eagle Ford Oil & Gas Corp (OTC Bulletin Board: ECCE) announces a drilling update for the two wells in the Eagle Ford Shale formation located in Live Oak County in South Texas. The Kellam#2H has been successfully completed and is currently producing. The Dena Forehand #2H is now scheduled for fracturing in December 2010. Eagle Ford Oil & Gas owns 1% working interest in these two wells, and will continue to participate in the drilling of additional wells in this lease; anticipating that a total of 14 wells will be drilled over the next 48 months.
Management Comments
Eagle Ford Oil & Gas President Rick Adams commented "The completion of the Kellam #2H well is a major step as the company begins to move probable reserves into production and cash flow. The company continues to develop its existing asset base and seek out new opportunities in the Eagle Ford Shale."
About Eagle Ford Oil & Gas Corp.
Eagle Ford Oil & Gas Corp. is a growing independent oil and gas exploration and production company headquartered in Houston, Texas. The Company is engaged in the acquisition, development and production of oil and natural gas reserves. The Company's primary area of focus is the Eagle Ford Shale area of South Texas.
Forward Looking Statements
The information may include forward-looking statements, which are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. We refer you to the discussion of risk factors that could affect future operating or financial performance in our most recent prospectus and Form 10-K and other SEC Filings. Eagle Ford Oil & Gas Corp. assumes no obligation to update any forward-looking statements made here as a result of new information or future events or developments. You will find a reconciliation of any non-GAAP financial measure, as defined by the SEC in Regulation G, to the most directly comparable GAAP number in Reconciliation of Non-GAAP Financial Measures.
SOURCE Eagle Ford Oil & Gas Corp.
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