Montana Exploration Corp. Announces Start of Shaunavon Drilling Program
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TSX-V SYMBOL: MTZ
CALGARY, Sept. 23, 2013 /CNW/ - Montana Exploration Corp. ("MTZ") is pleased to announce that drilling operations have commenced on its Montana Shaunavon play with the spudding of the first of four wells that are proposed to be drilled and tested prior to year-end 2013. The first four vertical wells will target four separate features along the southern extension of the Shaunavon trend into Montana. Two of the four will be deepened to test the Nisku at approximately 5,000 feet drill depth. Drilling operations will be conducted by MTZ's Denver-based joint venture partner supported by a New York-based private equity firm.
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Caution Regarding Forward Looking Information
Certain statements contained in this document constitute "forward-looking statements" and/or "forward-looking information" within the meaning of applicable securities laws (collectively referred to as forward-looking statements). Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" "propose" or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements in this press release include, but are not limited to statements about the use of proceeds from the Rights Offering.
Forward-looking statements and information contained in this press release are based on our current beliefs as well as assumptions made by, and information currently available to, us. Although we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.
By their very nature, the forward-looking statements included in this press release involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. No assurance can be given that any of the events anticipated by the forward-looking information and statements will transpire or occur or, if any of them does, what benefits Montana will derive from them. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Montana, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Furthermore, the forward-looking statements contained in this press release are made as of the date of this document and we do not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
SOURCE Montana Exploration Corp.For further information:
Charles Selby, Chairman & CEO
Telephone: (403) 265 9091 (ext 247)
Fax: (403) 265 9021
Don Foulkes, President
Telephone: (403) 265 9091 (ext 248)
Fax: (403) 265 9021