PLANO, TX, July 12, 2012 /CNW/ - Baby All Corp. (OTCBB: SFPI) Baby All Corp., a Delaware corporation, contracts for the purchase of leases in the area to produce over five million barrels per the engineer studies.
Santa Fe's history has always been focused on prime long term oil and gas projects that include, as part of its checklist of requirements, (i) major recoverable reserves as projected by its geologist and geophysicist based on the history of the area's previous production, or core sample analysis, (ii) sufficient number of barrels of oil per day (or barrels of oil equivalent) projections to payback the drilling cost within 20 to 30 months, and (iii) leasing costs in relation to the total life of the well revenue return.
In fulfilling the above objectives, Santa Fe utilizes only world class research, core sample study firms and reserve study firms, including but are not limited to Baker Hughes (logging and log studies), Weatherford Labs, core samples that are taken directly from the primary formation via a test well and Ryder Scott, one of the premier reserve study firms in the United States.
Baker Hughes and Weatherford Labs completed the studies on Santa Fe's test well in a newly-researched area that has become a prime focus for Santa Fe. Santa Fe has been contracting for the purchase of leases in the area for the past three months and to date has acreage sufficient to produce over five million barrels per the engineer studies.
Santa Fe continues to lease and/or purchase leases in its prime area of focus and make plans for the drilling of its first projects.
This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction.
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