Published: October 11, 2007
Blaze Energy Operational Update
Blaze Energy Estimates Ten Wells to Be Drilled in Fayetteville Shale Play by End of Year
Blaze
Energy (PINKSHEETS: BLZE), a subsidiary of Environmental Energy Services, Inc.
(PINKSHEETS: EESV), announced today that it expects ten wells to be
drilled in the Fayetteville Shale
play by the end of the year, based on the plans of its Operating Partner.
Of the ten wells, Blaze Energy has already paid their portion of drilling
fees in the partnership on four of the wells. The funding for Blaze
Energy's portion of the remaining six wells is available and ready to be
transferred when ready. Blaze Energy expects to have an interest in over
1000+ wells upon completion -- with 2008 drilling expected to grow more
than ten times the 2007 drilling plan.
"The momentum in the Fayetteville Shale play is quickly escalating," said
Mike Thompson, President of Blaze Energy. "We are eager to ensure Blaze
Energy satisfies the investment efforts of our shareholders, and we have
great expectations that shareholders will see positive results on several
wells by years end."
Blaze Energy is an independent oil
and gas exploration and production company. Its main asset is in the
Fayetteville Shale natural gas play where the company participates in over
45,000 gross acres of exploration. Blaze Energy believes that the
Fayetteville Shale field represents one of the most promising
unconventional gas finds in the United States.
Blaze Energy's participation in the Fayetteville Shale began last month
with its first well, and will send out results as they become available.
News will likewise be distributed as the drilling begins on new wells.
About Blaze Energy
Blaze Energy is a natural gas exploration and production company. Blaze
Energy is primarily engaged in the Fayetteville Shale gas project in
Arkansas, through working interests that it owns in acreage blocks in Van
Buren, Cleburne and Conway counties. For more information please visit
www.blazeenergy.net.
Blaze Energy is a majority-owned subsidiary of Environmental Energy
Services, Inc. (EESV). To learn more about EESV please visit
www.eesvinc.com.
About Environmental Energy Services, Inc. (EESV)
Environmental Energy Services, Inc. (PINKSHEETS: EESV) is an independent
oil and gas exploration and production company. It combines cutting-edge
technology and research to acquire hydrocarbon energy resources for
development and production. Headquartered in Boise, Idaho, EESV through
its various holdings and subsidiaries participates in projects and controls
resources throughout North America. To learn more about EESV, please visit
www.eesvinc.com.
This press release includes forward-looking statements as defined in
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 relating to matters such as prospects, anticipated
operating and financial performance. Actual prospects and performance may
differ from anticipated results due to economic conditions and other risks,
uncertainties and circumstances partly or totally outside the control of
the company, including risks of production variances from expectations,
market volatility, the level of capital expenditures required to fund
ongoing drilling initiatives and the ability of the company to execute its
business strategy. These and other risks are described in the company's
reports filed with the United States Securities and Exchange Commission.
These forward-looking statements are made only as of the date of this
communication and both EESV and BLZE undertake no obligations to update or
revise these forward-looking statements.
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