Las Vegas, NV -- In response to unprecedented inquiries about County Line Energy Corp.’s (CYLC) January 8th, 2013 announcement regarding its acquisition of the Gillespie Lake Property, Capitol Financial Media is pleased to provide this property update.
County Line Energy has completed the acquisition of the Gillespie Lake property, consisting of a 100 percent interest in a 640 acre parcel. The Company’s asset is not yet producing, but sits adjacent to the second largest producing field in Western Canada – with historic production of 55 million cu.ft. of gas and 2,450 barrels of oil per day.
The field was purchased and paid for in cash. The Company has not issued any new shares of stock between December 30, 2011 and January 14, 2013.
The Company intends to raise funds to take advantage of new frac technologies to exploit the field. These new frac technologies have proven successful in the area for several producers, and the expertise is continually being developed in the area.
For further information, we encourage interested parties and shareholders to contact us directly:
Capitol Financial Media
About Capitol Financial Media – www.capitolfinancialmedia.com:
Capitol Financial Media is a full service Investor Relations firm dedicated to answering shareholder inquiries and disseminating information about our client companies. We specialize in assisting smaller issuers communicate with shareholders in a meaningful way, allowing for clarity in a sometimes cluttered financial landscape.
About County Line Energy Corp. (CYLC): (www.countylineenergy.com)
County Line Energy Corp. is an integrated junior oil explorer. County Line not only owns, operates, and participates in oil projects in the exploration phase, but also has developed and markets proprietary 3 dimensional seismic data software, which was created for one of its own projects in Alberta, 2007, to assist in better determining drill targets.
Forward-Looking Statements: This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the Company''s SEC filings. These risks and uncertainties could cause the Company''s actual results to differ materially from those indicated in the forward-looking statements.