[Mono-list] Welcome to Triton American Energy
Jonathan Gilbert
2a5gjx302@sneakemail.com
Sat, 13 Nov 2004 08:04:23 -0600
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<td style="padding:10px"><p><strong><font size="4" face="Arial, Helvetica, sans-serif">Welcome to Triton American Energy (OTC.PK: TRAE) </font></strong></p>
<p><font face="Arial, Helvetica, sans-serif">Triton American Energy is an independent crude oil and natural gas exploration and production company based in Houston , Texas , with an innovative business plan that is expected by the company's founders to generate above average growth and profitability. </font></p> <p><font face="Arial, Helvetica, sans-serif">Triton's niche or specialty is the small or moderate operations (usually 1-50 well projects). These can be worth hundreds of millions of dollars in revenue but require more hands-on attention than the major producers are willing to give. </font></p>
<p><font face="Arial, Helvetica, sans-serif">Utilizing advanced recovery technologies along with sound engineering and a committed management team, Triton has developed a proven growth strategy of identification, acquisition, and development of domestic hydrocarbon reserves, thereby reducing our dependence on foreign oil. Our key strategies are: </font></p>
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<li><font face="Arial, Helvetica, sans-serif">Focus on maximum development of existing fields with proven reserves and infrastructure in place </font></li>
<li><font face="Arial, Helvetica, sans-serif">Utilization of innovative, cost-effective technologies to enhance production </font></li>
<li><font face="Arial, Helvetica, sans-serif">Use of modern technologies such as 3-D seismic to reveal untapped reservoirs </font></li>
<li><font face="Arial, Helvetica, sans-serif">Reduce risk with state-of-the-art technologies not available even 10 years ago </font></li>
<li><font face="Arial, Helvetica, sans-serif">Maintain a low-cost operations environment </font></li>
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<p><font size="4" face="Arial, Helvetica, sans-serif"><strong>TRAE Acquires 37.5 Percent Working Interest in 127 Oil Wells<br>
</strong></font><font face="Arial, Helvetica, sans-serif">Wednesday November 3, 6:00 am ET </font></p>
<p><font face="Arial, Helvetica, sans-serif"><strong><u>4 Wells Set to Commence Oil Production by November 15th 2004 </u></strong></font></p>
<p><font face="Arial, Helvetica, sans-serif">HOUSTON--(BUSINESS WIRE)--Nov. 3, 2004--Triton American Energy Corp. (OTC PK: TRAE) of Houston, TX, is pleased to announce they have acquired a 37.5 percent working interest in 127 additional oil wells. Es tim ated reserves of these oil wells are in the area of over 128 million barrels. These wells were purchased through a joint venture with Day Star and an undisclosed party. </font></p>
<p><font face="Arial, Helvetica, sans-serif">First 4 oil wells are anticipated to commence production by November 15, 2004 . Management hopes to recover 30 percent of total reserves held within the 127 oil wells. All of these wells are re-entries and re-completions. As a means of further reducing the cost of recovering oil, Triton has initiated the use of a patented technology. This technology is currently unavailable to competitors in the market. </font></p>
<p><font face="Arial, Helvetica, sans-serif">President and CEO, Louis Guidry states "This latest acquisition was designed to dramatically strengthen our recurring revenue base for 2005." Mr. Guidry continued to state, "In addition to our acquisitions, we will continue to find ways to reduce costs, increase profit margins, and use the latest and most ben eficial technology to recover oil and gas." </font></p>
<p><font face="Arial, Helvetica, sans-serif">For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: <a href='http://www.a1info.net/080E16061110114A101A140B454115420632011C171319171F131B1E5C111D1F0E43424140450E404B0E400E40414B4A4B46440E08.aspx'>www.tritonamericanenergycorp.com </a></font></p>
<p><font face="Arial, Helvetica, sans-serif">Safe Harbor Statement </font></p>
<p><font face="Arial, Helvetica, sans-serif">All statements other than statements of historical fact included in this press release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales ) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated . </font></p>
<p><font face="Arial, Helvetica, sans-serif">TCS is an independent marketing firm. This report contains forward-looking statements. Past performance does not guarantee future results. This report is based on independent analyses, and may, or may not be the opinion of TCS. This report is based on TRAE's web site, press releases, and also relies on information supplied by sources believed to be reliable. A third party has retained TCS for the fee of five thousand dollars for creation and distribution of this report. The information contained in this report is for information purposes only, and should not be construed as an offer or solicitation to buy or sell securities. Investors should consult with an investment professional before investing any money. Copyright 2004 all rights reserved.</font></p>
<h1><font size="2" face="Arial, Helvetica, sans-serif">Triton American Energy Corporation<br>
10203 Birchridge Drive<br>
Suite 805<br>
Humble, Texas 77338 </font></h1>
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</font><font color="#999999" face="arial, verdana" size="2"> · PO Box 155 · Sugar Loaf, NY 10981</font></p></td></tr></table></body>
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