Wednesday, April 17, 2013

Prodigy Oil and Gas | Announces Initial Production from Goolsby #4 Well

Announces Initial Production from Goolsby #4 Well

Irving, Texas, Feb. 25, 2013 — Prodigy Oil and Gas (“Prodigy” or the “Company”), an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, announces the initial oil production of it’s Goolsby Well #4, located in Osage County, Oklahoma.


“We received notification this past week from the operator, Black Lava Operating, that the Goolsby #4 well has had an initial oil production of approximately 20 BOPD” stated Prodigy President, Mr. Shawn Bartholomae. “While we are very happy with this initial report, we expect that with further work, the daily oil production from this well will increase considerably over the next few months.”
Safe Harbor

Certain statements in this press release regarding strategic plans, expectations and objectives for future operations or results are “forward-looking statements” as defined by the Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.

These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements, including the risks discussed in the Company’s filings with the Securities and Exchange Commission.

Factors that could cause differences include, but are not limited to, history of losses; speculative nature of oil and natural gas exploration; substantial capital requirements and ability to access additional capital; ability to meet the drilling schedule; changes in tax regulations applicable to the oil and natural gas industry; results of acquisitions; relationships with partners and service providers; ability to acquire additional leasehold interests or other oil and natural gas properties; defects in title to the Company’s oil and natural gas interests; ability to manage growth in the Company’s business; ability to control properties that the Company does not operate; lack of diversification; competition in the oil and natural gas industry; global financial conditions; oil and natural gas realized prices; ability to market and distribute oil and natural gas produced; seasonal weather conditions; government regulation of the oil and natural gas industry, including potential regulations affecting hydraulic fracturing and environmental regulations such as climate change regulations; uninsured or under insured risks; and material weakness in internal accounting controls.

The forward-looking statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise.

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