A Domestic
Oil & Gas Production
Growth Company
US Domestic Oil Gas Production Company CSLG
Safe Harbor Statement: This press release may contain forward looking statements, as defined in the Securities Reform Act of 1995. Actual events or results may differ from Consolidated Oil & Gas, Inc. expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties: including economic conditions, and availability of timely financing for projects.
CONSOLIDATED OIL & GAS, INC.
Strong Test Results For Grelle #1 Well
Management Anticipates Accelerated Revenue Growth
March 30, 2007
Houston, Texas -- BUSINESS WIRE News Services
Consolidated Oil & Gas, Inc. (Stock Symbol: CSLG) a publicly traded Energy and Exploration Oil & Natural Gas company is pleased to announce testing is complete on the Grelle #1 well in Zavala County, Texas.
After extensive testing on the Serpentine Zone, Consolidated plans to fracture 30 to 40 feet of this 1,000 foot zone.
Based on engineering reports and all data gathered during test on this well it is anticipated to produce 30-40 bls per day. Consolidated will then declare Grelle #1 a commercial well and will immediately start production.
About Consolidated Oil and Gas:
Consolidated Oil and Gas, Inc. is a US based company engaged in the exploration and production of onshore domestic oil and natural gas properties. The company's exploration and production activities are focused primarily in Texas. Their mission is to apply strong technical expertise to unlock substantial oil and gas resources in areas where production can be achieved quickly and efficiently.
