VANCOUVER, British Columbia, June 13, 2005 (PRIMEZONE) -- Emerson Oil and Gas, Inc., (Pink Sheets:EOGI) is pleased to Announce that pursuant to its new agreement mentioned on June 8, 2005, work has commenced on the Rinsland Well with early favorable results for both oil and gas. The initial stage of testing the well produced 30 barrels of oil. Based on these positive results the work program is being escalated.
As mention previously, Emerson will have a carried working interest of 12.5% before payout and a 18.75% working interest after payout in both the W.T. Davis as well the Rinsland Estate No. 1 well in Bossier Parish, Louisiana. This agreement also allows Emerson to diversify its Interests in Louisiana.
Polar plans to finish the recompletion of Rinsland Estate No. 1 well and to tie it into an existing pipeline. The plan for the W.T Davis well is to run a pipeline to the Rinsland Estate No. 1 well hookup and to test the W.T. Davis well for long term production. The company continues its endeavors in Alberta and will update shareholders when drilling begins on its Acadia project.
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Emerson Oil and Gas Inc. has little or no control.
For more information, please visit our website www.emersonoilandgas.com