Published: March 18, 2010
JayHawk Energy Inc. Spuds Second Well at Crosby Field in North Dakota
POST FALLS, Idaho - (BUSINESS WIRE) - JayHawk Energy, Inc. (OTCBB: JYHW) is pleased to announce the
spud of the Jenks #1, the second well of the Company's multi-well
vertical development drilling program located at Crosby Field in Divide
County, North Dakota. Jenks #1 is located NW of NW section 34-164N-97W.
The targeted total depth (TD) of the well will be approximately 6,350
feet and we expect to be at TD in approximately 10 days. The geological
zone being targeted is the Madison formation. The Crosby field is
located in the Williston Basin.
JayHawk's President, Marshall Diamond-Goldberg commented, "We are
pleased to have spud the second of the Company's multi-well development
drilling program in the Crosby field. We have a service rig moving to
the Knudson location, our first drill target, to begin completion of
that well during the drilling of the Jenks location. Once both wells
have been completed, the Company will pick the next development
locations in the field for drilling later in the spring."
Further information regarding the Company's drilling operations will be
forthcoming.
About JayHawk Energy, Inc.
JayHawk Energy, Inc. is a managed risk, oil and gas
exploration/exploitation, development and production company with
activities focused on two major projects in the Cherokee Basin, Kansas,
and the Williston Basin, North Dakota. For more information please visit www.jayhawkenergy.com.
Cautionary Note to U.S. Investors - The United States Securities
and Exchange Commission permits oil and gas companies, in their filings
with the SEC, to disclose only proved reserves that a company has
demonstrated by actual production or conclusive formation tests to be
economically and legally producible under existing economic and
operating conditions. We use certain terms in this press release, such
as probable, possible and potential, that the SEC's guidelines strictly
prohibit us from including in filings with the SEC. U.S. Examples of
such disclosures would be statements regarding "probable," "possible,"
or "recoverable" reserves among others.
Management hopes these transactions will bring additional value to the
shareholders of JayHawk Energy. There is no guarantee that the projects
that JayHawk has recently acquired will increase the value of its shares
of common stock, or that JayHawk will acquire rights to explore and
operate any other such projects, or that in the event that it acquires
rights to explore and operate other such projects, that these actions
will be successful or increase the value of JayHawk's common stock.
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, and is subject to the safe harbor
created by those sections. There are many factors that could cause our
expectations and beliefs about our plans to acquire additional
exploration or production properties, our plans to drill or our drilling
results to fail to materialize: competition for new acquisitions,
availability of capital, unfavorable geologic conditions, the complexity
of coal bed methane exploration and production, and prevailing prices
for natural gas and general regional economic conditions. JayHawk
assumes no obligation to update the information contained in this press
release.
Gross Capital, Inc.
Barry Gross, 361-949-4999
jayhawk@grosscapital.com
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