Southwest Resources Announces New Corporate Profile
DALLAS, April 8 /PRNewswire-FirstCall/ -- Southwest Resources, Inc. (Pink Sheets: SWRS) (the "Company"), a natural resources exploration, production, and mining company, today provides a corporate profile for investors (Note: please also see the Company's Initial Information and Disclosure Statement on the Pink Sheets website).
Southwest Resources is an exploration, acquisition, and production company that will focus on petroleum, precious metals, and helium reserves.
Natural Gas and Oil
Southwest Resources plans to pursue additional opportunities for exploration and production of petroleum reserves, primarily natural gas, throughout the southwestern United States, initially in parts of Oklahoma and petroleum-producing areas of Texas.
The Company will utilize the latest in production stimulation technology to enhance the production of new and existing wells, and will focus on locating, acquiring, and producing undervalued petroleum properties such as abandoned properties and stranded producing assets. The Company currently owns oil and gas lease positions in northeastern Oklahoma where it will begin to apply this new production technology over the next several weeks.
Additionally, Southwest Resources believes that due to rising imported foreign oil prices and increased public awareness of environmental issues, new demand for compressed natural gas (CNG) as a transportation fuel will increase over the near term. The Company's management foresees that this, combined with recent CNG transport and infrastructure improvements, will create a niche market for production from what were previously marginal wells. Southwest Resources is in the process of evaluating the prospects of CNG delivery with alternative fuel retailer, Evolution Fuels (Pink Sheets: EVFN).
Precious Metals
Southwest Resources will pursue the acquisition of surface mining claims throughout Arizona and southeastern Utah through the Company's wholly owned subsidiary, Duke Mining, LLC.
As a result of increased metals prices and the recent development of technologies for enhanced metals recovery, certain mineral deposits are now economically viable to be reclaimed. The Company intends to apply cutting edge technology to recover the precious metals from the soil.
Duke Mining owns 1,280 acres of mining claims in southeastern Utah, which the Company believes hold significant reserves of minute particles of precious metals, including gold and platinum (per initial minerals assays), and is in the process of evaluating additional metals deposits.
Duke Mining is led by its president, Mr. Ben Campbell. Mr. Campbell has over thirty years of experience in discovering and producing natural resources. His career has included geologic evaluation, drilling for oil & gas, production and delivery of mineral products, product marketing, engineering evaluations and equipment manufacturing. He has served in many management positions within the petroleum industry, including CEO and Chairman of two public oil and gas companies. Mr. Campbell holds a degree from Texas A&M University.
About Southwest Resources, Inc.
Southwest Resources, Inc. is an energy and mining company engaged in the acquisition, development, exploration and production of natural gas, crude oil, placer deposits of precious metals such as gold and platinum, and other income-producing natural resources. The Company is currently pursuing oil and gas properties in Texas, Oklahoma, New Mexico and Arizona and has mining rights in Utah. For more information, please visit: www.southwest-resources.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
Investor Contact: |
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CSIR Group, LLC |
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Christine Petraglia |
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212-386-7082 |
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SOURCE Southwest Resources, Inc.
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