CISCO, Texas, Aug. 11, 2005 (PRIMEZONE) -- Energy Finders, Inc., (Pink Sheets:EGYF) a Florida corporation, is pleased to announce that it has entered into negotiations for the acquisition of an oil and gas property located in southwest Texas. The project is identified as the Mega-West Project and is located west of San Antonio, Texas. The initial block of oil and gas leases will consist of approximately 14,000 acres. Preliminary geological information identifies numerous in-field drilling locations for further development of this acreage. The corporation is in its diligence phase and if it proves to be favorable, will attempt to complete the acquisition of this property and begin operations and development as soon as possible.
About the Company
Energy Finders, Inc. is a U.S.-based company dedicated to the goal of being a large independent in the exploration and production of oil and natural gas. The company's mission is to create value for our shareholders by applying strong technical expertise to strategies that will unlock substantial oil and gas resources in areas where production can be achieved quickly and efficiently.
Forward-Looking Statement
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "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. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.