Contact Information: CONTACTS: John H. Alexander President and CEO Pyramid Oil Company 661-325-1000 Geoff High Principal Pfeiffer High Investor Relations, Inc. 303-393-7044
Pyramid Oil Company Provides Update on New Carneros Creek Well
| Source: Pyramid Oil Company
BAKERSFIELD, CA--(Marketwire - March 26, 2008) - Pyramid Oil Company (AMEX : PDO ) today
announced it has completed drilling operations on its new well in the
Carneros Creek field, located in Kern County, California. After reaching a
depth of 3,300 feet, logging operations were conducted on the well, and
production casing was run. Pyramid expects to begin additional completion
operations on the well within the coming week, and intends to announce
production results in the near future.
About Pyramid Oil Company
Pyramid Oil Company has been in the oil and gas business continuously since
incorporating in 1909. Pyramid acquires interests in land and producing
properties through acquisition and lease, and then drills and/or operates
crude or natural gas wells in an effort to discover or produce oil and/or
natural gas. More information about the Company can be found at:
http://www.pyramidoil.com.
Safe Harbor Statement
Certain statements and information included in this press release
constitute "forward-looking statements" within the meaning of the Federal
Private Securities Litigation Reform Act of 1995, including statements
regarding the completion and testing of wells. Forward-looking statements
involve known and unknown risks and uncertainties, which may cause the
Company's actual results in future periods to differ materially from
forecasted results. Factors that could cause or contribute to such
differences include, but are not limited to the value of crude oil or the
performance of wells.