(Study Evaluates Potential for Multi-Well Enhancement and New Drilling Program)
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–EGPI/Firecreek, Inc. (OTCBB: EFIR) Dennis R. Alexander, CEO, announced today the receipt of an independent reserve report regarding the Company’s previously announced LOI for the acquisition of a West Texas oil and gas rehabilitation and development project located in Haskell, Shackelford and Jones counties, Texas.
Under the LOI, EGPI/Firecreek and Templar PetroConsultants (Templar) are to become joint venture partners with Templar to be the Operator and minority partner.
Our new client profile for EGPI Firecreek, Inc. (OTCPK: EFIR) is located at http://www.smallcapvoice.com/efir/index.php
Stocks are sharply lower as investors continue to worry about the economy
Wall Street fell sharply early Friday. The Dow Jones industrials hit new six-year lows with investors worldwide selling on pessimism about the global economy. The Dow tumbled about 100 points in morning trading, a day after closing at its lowest level since Oct. 9, 2002.
Energy prices rose 1.7 percent in January, the first increase following five months of big declines. The advance was led by a 6 percent jump in gasoline prices. Even with that gain, prices at the pump are still more than 40 percent below year-ago levels.
Most economists believe consumers will not be battered again this year by soaring energy costs since global demand has fallen sharply in the face of a worldwide recession.
Estimates Include Proposed $2,900,000 Initial Acquisition
EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to announce today that as part of its restructuring efforts initiated in late December 2008, has a signed a Letter of Intent with Templar PetroConsultants (“Templar”) to acquire, rehabilitate, and develop West Texas Oil and Gas projects, with wells and field operations in Haskell, Shackelford and Jones counties, Texas.
SmallCapVoice.com, Inc. announced today that a new audio interview featuring EGPI Firecreek, Inc. (OTCBB: EFIR), a U.S. company currently focused on oil and gas activities for development and production of oil and natural gas is now available at SmallCapVoice.com. The interview can be heard here at http://smallcapvoice.com/blog/2-17-09-audio-interview-with-egpi-firecreek-inc-otcbb-efir/. For quotes, news, filings and more on EGPI Firecreek, Inc., visit http://www.smallcapvoice.com/efir/index.php.
Podcast: Download (12.4MB) | Embed
EGPI Firecreek Inc. (OTCPK: EFIR), through its Firecreek unit, is focused on oil and gas production with an emphasis on acquiring existing oil fields with proven reserves. Additionally, the company specializes in the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis.