Brian Dean, Publisher of OTCPicks.com, announced today that his firm has initiated Profile Coverage of Monogram Energy Inc. (OTC: MGRN). Mr. Dean comments, "Monogram Energy, an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced recently that the company accelerated its acquisition plan by acquiring the Lacy Rice Lease in Corsicana Shallow (Navarro County, TX), which comprises 100.74 acres and 3 wells, as well as the M.L. Rice Lease, which comprises 8 acres and 4 wells in the same region.”
“Once the workovers are complete, the Rice leases and the T.W. Martin Lease currently in progress are estimated to produce 450 barrels per month. The company is poised to make its first sale from these wells, and is currently pursuing additional leasing opportunities. The T.W. Martin lease comprises 70 acres with 12 wells and is also located in Navarro County.”
To view the OTCPicks.com Company Profile for Monogram Energy, please visit: http://www.otcpicks.com/monogram-energy/monogram-energy.htm
About Monogram Energy
Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The Company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure:
