Science & Technology
Thu, December 22, 2011Wed, December 21, 2011Tue, December 20, 2011Mon, December 19, 2011Sun, December 18, 2011Sat, December 17, 2011Fri, December 16, 2011Thu, December 15, 2011American Community Development, Inc. Expects Seismic Reprocessing Results Shortly
Published in Science and Technology on Monday, December 19th 2011 at 12:50 GMT by Market Wire
December 19, 2011 15:45 ET
American Community Development, Inc. Expects Seismic Reprocessing Results Shortly
LAS VEGAS, NEVADA--(Marketwire - Dec. 19, 2011) - American Community Development, Inc. (PINKSHEETS:ACDP) expects seismic reprocessing results shortly, for ACDP's Sofia Oil & Gas Exploration Project in New Mexico.
A seismic program has been initiated comprised of reprocessing the existing 35 miles of seismic with a view to focusing on the 4300' - 4500' zone; and as well design additional seismic lines considered appropriate to pin pointing locations for our proposed 6 test well program.
Management Comment: "ACDP considers itself fortunate to have the opportunity to participate in such a large scale oil and gas play resident onshore in the USA. The combination of continued restrictions on offshore drilling, turmoil in the middle east, and surging oil prices, all of which affects demand - supply balance; makes this an attractive and timely business opportunity to fast track shareholder value."
About American Community Development, Inc.:
ACDP is an emerging domestic oil and gas company, and will be focused on exploiting oil and gas reserves onshore within the USA. ACDP is in the process of assembling a seasoned team of managers and technical professionals in the areas of geology, geophysics, engineering, and legal. ACDP is positioning itself for aggressive asset growth and shareholder value enhancement.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission.
