Powder River Gives Guidance for 2008
Market Wire, March, 2008
Powder River Petroleum International Inc. (OTCBB: PWDR), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced they have implemented an aggressive drilling program for 2008.
This drilling program will see the Company complete a minimum of 26 wells and have them brought into the production stream by the end of this year. These development plans are predicated on average weather and equipment availability. This program will greatly increase Powder River's production for the year.
Powder River has also announced their projected revenues for 2008. Total projected revenues from oil and gas sales have been estimated at $27,000,000. Projected revenues from the Company's marketing program have been estimated at $24,000,000. This brings the total projected revenues for Powder River for 2008 to $51,000,000. These projections are based on current market trends in the oil and gas sector.
"I am excited to announce the launch of Powder River's aggressive drilling program. I believe 2008 will be a pivotal year in our continued success," stated Powder River Petroleum International Inc. CEO, Brian Fox.
Powder River Petroleum International Inc. is active in production, acquisition, and marketing of crude oil and natural gas properties.
Powder River Petroleum International Inc. trades on the OTCBB under the symbol PWDR.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
Contacts: Powder River Petroleum International Inc. Steve Weiss Investor Relations (609) 529-3671 Email: info@powderrivergascorp.com Website: www.powderrivergascorp.com Investor Relations Asia Jean Chye Wei Ling Managing Director 65 62197670 65 67637751 (FAX) Email: powderriverjc@yahoo.com Princeton Research Inc. Mike King Market Analyst (702) 650-3000
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