PROGRESS UPDATES Canyon Creek Oil and Gas, Inc. Prepares for Work-Over
Wednesday, November 8th, 2006 11:03 AM EST Ambient Wells Services, Inc.
Archer, Coleman, Palo Pinto, and Victoria Counties are all scheduled for major work-over this quarter. The work will include upgrading pump jacks, installing new monitoring systems for tank batteries and gas meters, replacing corroded or damaged tanks, installing fencing, repairing roads and upgrading signage. UPDA Operators, Inc. has contracted VALA Resources, Inc. to perform this sizeable task. Following this work, more than 40 additional wells will be back in production. Upon completion of this massive undertaking, Ambient Wells Services, Inc. will oversee and maintain these properties.
Statements contained in this update that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
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