VANCOUVER, British Columbia, Jan. 12, 2005 (PRIMEZONE) -- Emerson Oil and Gas, Inc. (Pink Sheets:EOGI) today announces that the Company has entered into final negotiations with 1048136 Alberta Ltd. (a private company) as to the acquisition of a majority working interest in an Alberta natural gas project.
The leases would allow the drilling of a minimum of three (3) natural gas wells with an estimated I.P.R. (initial production rates) of 2,000 mcf/day each (two million cubic feet per day). Emerson will endeavor to conclude these negotiations for the project promptly and will advise shareholders as to the project specifics at that time.
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
Investor Relations 1-866-251-4174 or 604-692-2822 David Harker, President, Emerson Oil and Gas Inc.