VANCOUVER, British Columbia, July 08, 2019 (GLOBE NEWSWIRE) -- United Hunter Oil & Gas Corp. (TSX-V: UHO) and Frankfurt: A118VK) (the “Corporation” or “UHO”) is pleased to provide an update on the Corporation’s recent activities.
Management of the Corporation has identified and reviewed numerous internationally located oil and gas projects over the past several months. Most recently, several potential projects have been identified in the Texas Permian Basin area that the Corporation has focused on heavily and sees significant potential for the Corporation to continue its efforts and move forward with additional investigative work. One of the promising projects currently has incremental production, the opportunity to rework several of the wells for additional production and has the upside potential for behind pipe development in the future. While informal discussions continue, no formal agreements have been negotiated or executed at this time. Management will continue its due diligence efforts to study and high grade these projects for the best possible results for the Corporation. There can be no assurance that such discussions or investigations will result in the Corporation entering into any agreements or acquiring any interests in any property or project. Additional details will be disseminated as they develop.
United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian based corporation with management very experienced in the oil and gas industry. United Hunter Oil & Gas Corp. is publicly traded on TSX Venture Exchange (TSX-V: UHO) and Frankfurt Exchange (UHO: A118VK). The Corporation’s public filings may be found at http://www.sedar.com.
Certain statements contained in this press release constitute “forward-looking statements” and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. These statements relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, this news release contains forward-looking statements relating to: (i) UHO’s business activities, strategy and objectives; (ii) future operational and financial performance; (iii) the potential to add new projects and properties; and (iv) potential transactions that UHO may enter into. The reader is cautioned that such forward-looking statements may prove to be incorrect.
Forward-looking statements are made based on management’s beliefs, expectations, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Various factors and assumptions, certain of which are beyond UHO's control, are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Specific material factors and assumptions include, but are not limited to: (i) UHO’s future plans for expenditures and development; (ii) business prospects and opportunities; (iii) the ability of UHO to locate new business opportunities; (iv) the ability of UHO to obtain timely financing on acceptable terms; (v) the timely receipt of any required regulatory approvals; (vi) dependence on key personnel and the ability of UHO to retain and hire qualified personnel; (vii) competitive forces within the oil and gas industry; (viii) the general continuance of current industry conditions; (ix) a stable industry regulatory environment; and (x) future commodity prices.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, both generic and specific, and a number of factors could cause UHO's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, those contained herein and those contained in UHO’s management’s discussion and analysis for the year ended December 31, 2018, which is available on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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