Harris Exploration Inc (HXPN:OTC US)announces new business development plans with a focus on oil and gas development in the US Midwest
BARTLESVILLE, OKLAHOMA, July 29, 2015/ -- Harris Exploration Inc. (OTCQB: HXPN) ("Harris Exploration" or the "Company"), has announced the re-development of several dormant oil wells in the Illinois Basin, Harris Exploration is an Oklahoma-based junior oil company that specializes in the application of proven enhanced oil recovery (EOR) methods to improve oil production from mature pools.The company is focusing on utilizing new technologies such as NCO2 and steam injunction along with other technological advances for the refurbishment of old wells in this area.
The new owners purchased the corporation over a year ago and have experience in the well servicing and development. The company will be focusing on small under performing wells that average less then 5 BOD and with the use of technology and development increase performance.
The company has contracted with Pacific Stock Transfer of Las Vegas as the transfer agent for the company for the next 5 years
The company has also produced a preliminary website www.harrisoilexploration.com and will be soon posting additional information as well as development of social media (Facebook, Twitter, YouTube, etc)
About Harris Exploration Inc.
Harris Exploration is an Oklahoma-based junior oil company that specializes in the application of proven enhanced oil recovery (EOR) methods to improve oil production from mature pools. With operations in Illinois and future developments throughout the Midwest the principals of the company have over 100 years of oil and natural gas exploration throughout the world. Our field experience includes, Exxon Mobile, Philips Petroleum, and Texaco. We have also had operations and ownership of several other small cap companies in the oil & gas business privately and publicly.
Safe Harbor Statement
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.