Amelia Resources LLC Announces the Marketing of 222,000 Net Acres in the Louisiana-Mississippi Austin Chalk Play
Amelia
Resources LLC announces the marketing of 222,000 net acres in the
Louisiana-Mississippi Austin Chalk Play.
Amelia Resources announced today that it will commence the marketing of
222,000 net acres in the Louisiana-Mississippi Austin Chalk Play at the
NAPE Summit in Houston, Texas, February 7.
Amelia’s President, Kirk Barrell, said, “This play continues to gain
attention and is experiencing escalating lease prices. Our second lease
package presents an excellent opportunity for a new player to obtain a
significant position in the Louisiana-Mississippi Stack Play (“LAMS
Stack”) where the Austin Chalk and TMS occur 700-1300 feet apart.”
With 27 years of evaluation experience in the Tuscaloosa Trend, Amelia
Resources has performed extensive evaluation of multiple targets
including the Selma, Austin Chalk, TMS, Tuscaloosa, and Lower Cretaceous.
Barrell stated, “With oil prices in the $65 per barrel range, this stack
play presents an excellent opportunity to leverage multiple targets.”
With two large independents leading the charge in the play, many players
are commencing evaluation of this potential resource play.
Amelia Resources LLC is a privately held exploration and production
company. The company generates drilling prospects and is actively
engaged in several projects across the onshore Gulf Coast. Amelia was
founded in 2003 by Kirk Barrell and has offices in New Orleans and St.
Francisville, Louisiana. The company leverages its 33 years of
geological and geophysical experience to obtain strategic positions in
drilling projects. Updates on the Austin Chalk and TMS projects are
provided by the company at www.tuscaloosatrend.blogspot.com.
CAUTIONARY STATEMENT: This press release contains certain
forward-looking statements regarding various oil and gas discoveries,
oil and gas exploration, development and production activities,
anticipated and potential production and flow rates and the economic
potential of properties. Accuracy of these forward-looking statements
depends on assumptions about events that change over time and is thus
susceptible to periodic change based on actual experience and new
developments. Amelia Resources LLC cautions readers that it assumes no
obligation to update or publicly release any revisions to the
forward-looking statements in this press release and, except to the
extent required by applicable law, does not intend to update or
otherwise revise these statements more frequently than quarterly.
Important factors that might cause future results to differ from these
forward-looking statements include adverse conditions such as high
temperature and pressure that could lead to mechanical failures or
increased costs, variations in the market prices of oil and natural gas,
drilling results, unanticipated fluctuations in flow rates of producing
wells, oil and natural gas reserves expectations, the ability to satisfy
future cash obligations and environmental costs, and other general
exploration and development risks and hazards.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180206006368/en/
Copyright Business Wire 2018
Source: Business Wire
(February 6, 2018 - 3:36 PM EST)
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