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SBRX DETAILS O&G LANGLEY-LEVINE ACQUISITION
Houston, TX., August 15, 2007-- Stonebridge Resources Exploration, Ltd (SBRX.PK) is pleased to report details of the recent purchase of 2 million bbls of proven undeveloped oil in NE Oklahoma in the Bartlesville Sand. The two leases are contained on two parcels in Rogers County, OK.
The Langley-Levine purchase includes in excess of 170 acres combined on both leases and 40 existing wells. Geology reports indicate an estimated 895,174 and 1,237,706 proven undeveloped bbls of oil respectively in both leases for an approximate total of 2,132,880 bbls of oil. As reported earlier, the company anticipates commencement of this project will begin reworking 16 wells in 3rd and 4th quarters 2007 and has scheduled the completion of the remaining 24 wells before the end of 2nd quarter 2008. Stonebridge expects production to exceed 80-100 bopd when recompletion is finalized.
The 2 million PUD bbls of oil are valued at approx. $2-$4,000,000 and combined with the KS production will create oil and gas assets within SBRX exceeding $12,000,000 in present value.
About (SBRX) Stonebridge Resources Exploration (www.otcsbrx.com)
Stonebridge Resources Exploration, Ltd., is primarily engaged in the acquisition and development of oil and gas assets in continental North America. The company is aggressively implementing a acquisition based model and intends to continue to improve all holdings and enhance production wherever available with new technologies.
Forward Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact: www.otcsbrx.com, steve@christianintergy.com, Steven Christian 281-894-6300
Stonebridge Negotiates Access to NCO2 Technology
Thu Aug 24, 2006 12:01 PM EDT
HOUSTON, Aug. 24, 2006 (PRIMEZONE) -- Stonebridge Resources Exploration Ltd. (Pink Sheets:SBRX) announced that the Company has completed negotiations to obtain state-of-the-art (NCO2) enhanced oil recovery technology. Utilized by major oil companies for several years (NCO2) technology has proved successful by increasing oil production in various types of oil reservoirs.
The process can typically restore a well back to its original flow rates while potentially dealing with greenhouse gas emissions. Enhanced oil recovery is designed to restore reservoir pressure, increase oil production and lower operating costs. Every oil producer's goal is to achieve increased oil production with the least amount of cost possible. The (NCO2) technology will serve well to enhance extraction methods from Stonebridge's existing and future oil and gas projects. By using nitrogen and carbon dioxide gas injection unites to "pump up" and re-pressure oil wells, we are able to significantly increase oil output from these assets with this innovative process. The Department of Energy has determined that it can add 89 billion barrels to recoverable oil resources of the U.S
As the need for alternative sources of energy increases, Stonebridge Resources Exploration Ltd. intends to strengthen the position of the Company for the demands that lie ahead. The (NCO2) technology will prove to be a beneficial asset, as environmental and regulatory restrictions are imposed on Oil and Gas Companies in the near future.
About Stonebridge Resources Exploration Ltd.
Stonebridge Resources Exploration, Ltd., www.otcsbrx.com has embarked on a new direction which is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus has shifted to aggressively acquiring working interests in crude oil and natural gas properties. The company intends to use modern development methods along with improved drilling technologies to increase well production by up to 500%. The company's goal is to achieve a high return on its investment by limiting its acquisition costs and by practicing sound and intelligent approaches to oil and gas exploration and development.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause 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. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
© Reuters 2007. All Rights Reserved.
Stonebridge Submits Application for Listing on European Stock Exchange
Wed Aug 9, 2006 9:01 AM EDT
HOUSTON, Aug. 9, 2006 (PRIMEZONE) -- Stonebridge Resources Exploration, Ltd. (Pink Sheets:SBRX) announced that the Company has submitted an application to obtain a listing on a European Stock Exchange. The decision was made after realizing a continued growing interest among European based investors.
The application was submitted to one of the largest stock exchanges in Europe. The listing would offer a more liquid market to existing shareholders and create more exposure for Stonebridge's Oil and Gas interests. Once approved the listing on a European Exchange with such large market visibility will make investing more accessible to new share holders.
About Stonebridge Resources Exploration, Ltd.
Stonebridge Resources Exploration, Ltd. www.otcsbrx.com has embarked on a new direction which is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus has shifted to aggressively acquiring working interests in crude oil and natural gas properties. The company intends to use modern development methods along with improved drilling technologies to increase well production by up to 500%. The company's goal is to achieve a high return on its investment by limiting its acquisition costs and by practicing sound and intelligent approaches to oil and gas exploration and development.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause 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. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
© Reuters 2007. All Rights Reserved.
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