|By Business Wire||
|February 1, 2013 11:00 AM EST||
Octagon-88 Resources Inc. “Octagon 88” (OCTX:BB) officially launches new corporate information hub (http://www.octagon-88.com).
Octagon 88 Resources Inc. is proud to offer its investors a hub of corporate and technical data (www.octagon-88.com), an extensive online portal offering users a wide range of media & tools to track Octagon 88’s developmental progress. The website includes RSS, FB, and Twitter capabilities and hosts all (OCTX) share price information on the Trading Data page.
Octagon 88 Resources Inc is a Nevada based, publicly traded Oil & Gas Exploration, Development and Production Company. The current focus is on the exploration and development of Canadian based onshore oil and gas properties with extensive land base already established. The short term project is located in the Red Earth area in north central Alberta, with two drill ready projects with light sweet crude opportunities to provide quick turnaround on capital and long term cash flow. The other major project area is heavy oil in the North Peace River area with a large contiguous land base, well mapped out Petroleum-initially-in-Place consisting of both Bluesky and Elkton/Debolt zones with opportunities for both primary recovery and conventional SAGD developments of the heavy oil within the target zones.
This press release contains forward-looking statements concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Forward looking statements in this press release include statements about our drilling development program. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the timing and results of our 2013 drilling and development plan. Additional factors include increased expenses or unanticipated difficulties in drilling wells, actual production being less than our development tests, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with oil and gas operations in the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission including the Company's Annual Report on Form 10-K for the year ended December 31, 2011 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as "probable," "possible," "recoverable" or "potential" reserves among others, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our filings with the SEC.
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