NEW ORLEANS--(BUSINESS WIRE)--Amelia Resources LLC announces the marketing of 222,000 net acres in the Louisiana-Mississippi Austin Chalk Play.
Amelia Resources announced today that it will commence the marketing of 222,000 net acres in the Louisiana-Mississippi Austin Chalk Play at the NAPE Summit in Houston, Texas, February 7.
Amelia’s President, Kirk Barrell, said, “This play continues to gain attention and is experiencing escalating lease prices. Our second lease package presents an excellent opportunity for a new player to obtain a significant position in the Louisiana-Mississippi Stack Play (“LAMS Stack”) where the Austin Chalk and TMS occur 700-1300 feet apart.”
With 27 years of evaluation experience in the Tuscaloosa Trend, Amelia Resources has performed extensive evaluation of multiple targets including the Selma, Austin Chalk, TMS, Tuscaloosa, and Lower Cretaceous.
Barrell stated, “With oil prices in the $65 per barrel range, this stack play presents an excellent opportunity to leverage multiple targets.” With two large independents leading the charge in the play, many players are commencing evaluation of this potential resource play.
Amelia Resources LLC is a privately held exploration and production company. The company generates drilling prospects and is actively engaged in several projects across the onshore Gulf Coast. Amelia was founded in 2003 by Kirk Barrell and has offices in New Orleans and St. Francisville, Louisiana. The company leverages its 33 years of geological and geophysical experience to obtain strategic positions in drilling projects. Updates on the Austin Chalk and TMS projects are provided by the company at www.tuscaloosatrend.blogspot.com.
CAUTIONARY STATEMENT: This press release contains certain forward-looking statements regarding various oil and gas discoveries, oil and gas exploration, development and production activities, anticipated and potential production and flow rates and the economic potential of properties. Accuracy of these forward-looking statements depends on assumptions about events that change over time and is thus susceptible to periodic change based on actual experience and new developments. Amelia Resources LLC cautions readers that it assumes no obligation to update or publicly release any revisions to the forward-looking statements in this press release and, except to the extent required by applicable law, does not intend to update or otherwise revise these statements more frequently than quarterly. Important factors that might cause future results to differ from these forward-looking statements include adverse conditions such as high temperature and pressure that could lead to mechanical failures or increased costs, variations in the market prices of oil and natural gas, drilling results, unanticipated fluctuations in flow rates of producing wells, oil and natural gas reserves expectations, the ability to satisfy future cash obligations and environmental costs, and other general exploration and development risks and hazards.
