PLANO, TX,
Aug. 14, 2013 /PRNewswire/ - Santa Fe
Petroleum, Inc. (OTCBB: SFPI) announced today the signing of a
contract for the purchase of mineral interest land leases for 320
acres in Jack County, Texas.
According to Tom Griffin, CEO and
Chairman of the Board of Santa Fe
Petroleum, Inc., "Santa Fe has
signed a contract to purchase mineral interest leases in
Jack County, Texas. The leases
total approximately 320 acres and are located in the heart of the
Marble Falls boom area.
There are several large and smaller oil & gas companies in the
area which have production of both oil & gas from the
Marble Falls formation. We
have also contracted for raising land and drilling funds to
complete the purchase of the leases and the drilling of our first
well on the acreage".
Santa Fe has always maintained
a policy of stringent guidelines for the selection of its drilling
projects to reduce the risk as much as possible, although there is
no guarantee of a 100% success rate; Santa Fe's commitment to its stock holders is
to maintain the highest possible standards for the selection of its
projects.
About Santa Fe Petroleum, Inc.:
Santa Fe's Management has over 50
years of combined oil and gas development and production experience
and plans to purchase additional acreage leases in Jack County and surrounding counties as well
as to bring its current leases into production as soon as
possible.
For more information on Santa
Fe, please visit www.sfpetroleum.com.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy securities in any jurisdiction.
Safe Harbor
This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements contained in this release that are not historical facts
may be deemed to be forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain.
Actual performance and results may differ materially from that
projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain
financing and regulatory and shareholder approvals for anticipated
actions.
SOURCE Santa Fe Petroleum, Inc.