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SOURCE U.S. Mine Makers, Inc.
In the news release, UMKR Penetrates Oil And Gas Sector, issued March 7, 2013 by U.S. Mine Makers, Inc. over PR Newswire, we are advised by the company that the first paragraph, second sentence, should begin "UMKR has secured the option to participate in a working interest position..." rather than "UMKR has secured the exclusive option to increase its Working Interest position..." as originally issued inadvertently. The complete, corrected release follows:
BELLINGHAM, Wash., March 7, 2013 /PRNewswire/ -- U.S. Mine Makers, Inc. (OTC Pink: UMKR) The company is pleased to announce its working interest position in Danick Resources' current drilling project, the "Freedom 1 & 2 Joint Venture". UMKR has secured the option to participate in a working interest position in the Freedom 1 & 2 Joint Venture over the coming weeks ahead. The Freedom 1 & 2 Joint Venture managed and operated by Danick Resources, Inc. consists of one re-drill of existing and current production and one new drill higher on structure with a 40 foot net pay zone. Both wells will be drilled to a total depth of 9550' located in the very prolific region of the United States known as the Anadarko Basin. Existing wells surrounding the Freedom 1 & 2 that have been produced from the same zones have I.P'd (Initial Production) from 120 to 809 barrels of oil a day and between 2MM to 7MM cubic feet of gas a day.) Companies that are producing from this region include Exxon, Chesapeake, Apache, Sand ridge and many others. Roy Bosa, President of U.S. Mine Makers says, "This is a very exciting opportunity for the shareholders and the company, not only for the current production aspect but the big names operating in the region."
This press release may contain certain forward-looking statements that include elements of risk and uncertainty. Consequently, actual results may differ substantially from those anticipated in such statements. These risks and uncertainties are described in the quarterly and annual reports, and in the documents submitted to the securities administration.
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