Gulfmark Energy Group, Inc. to Drill Initial Eagleford Shale Well in Zavala County, Texas

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  Published in Business and Finance on Friday, August 5th 2011 at 9:11 GMT by Market Wire

Gulfmark Energy Group, Inc. to Drill Initial Eagleford Shale Well in Zavala... -- SAN ANTONIO, Aug. 5, 2011 /PRNewswire/ --

SAN ANTONIO, Aug. 5, 2011 /PRNewswire/ -- Gulfmark Energy Group, Inc. (OTCBB: GMEI) is pleased to announce its wholly owned subsidiary, Gulfmark Resources, Inc., has filed for drilling permits with the Texas Railroad Commission and intends to drill its initial test well on its 4,261 acre Kiefer Lease in Zavala County, Texas, upon permit approval. The Kiefer lease is situated in the northwestern portion of the oil window of the Eagleford Shale trend of South Texas. Gulfmark intends to drill vertically through the Escondido, Olmos, San Miguel, Austin Chalk and Eagleford Shale formations and will evaluate results by open hole logs and core samples. The Company's primary objective is to penetrate the Eagleford Shale and plans to drill horizontally approximately 3,000 to 4,000 feet upon reaching this prolific shale play.

Michael Ward, President and CEO, stated, "With recent discoveries within the Eagleford Shale formation, we are very excited to begin our development drilling program and increase our shareholder value. With success through the drill bit, we hope to expand our horizons and fully exploit the resources that lie within our leasehold."

Please visit the Company's website at [ http://gulfmarkenergygroup.com/ ] for more information.

About  Gulfmark Energy Group, Inc.

Gulfmark Energy Group, Inc. is focused on the acquisition, exploration, drilling, development, production and sale of natural gas, crude oil, and natural gas liquids, primarily from conventional reservoirs within North America. The Company intends to optimize its use of workover and drilling equipment to develop its properties. Efforts are currently concentrated in Western South Texas.

Investor Contact :

Michael Ward, President & CEO
210-524-9725
[ mward@gulfmarkenergygroup.com ]

Forward-looking Statements:

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) 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. 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, 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. 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.

SOURCE Gulfmark Energy Group, Inc.

RELATED LINKS
[ http://gulfmarkenergygroup.com ]