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News Releases Thursday, December 21, 2006 International TME Resources, Inc. Acquires Additional Acreage for the Mega West Project DALLAS &mdash (BUSINESS WIRE) &mdash November 9, 2006 &mdash International TME Resources, Inc., (OTC:ITME &mdash News) is pleased to report the acquisition of an additional 2,350 acres for the Mega West Project. The project now consists of 19,550 acres, more or less. Additional acreage is being acquired for the project. The joint venture partners are finalizing locations for the core tests. The joint venture group has acquired significant additional capital, hired a project manager and support personnel. Drilling is now expected to commence during February 2007. The project acreage is projected to contain more than 48 Million Barrels of recoverable oil per each 640-acre section. Total recoverable reserves are now estimated at 1.4 Billion Barrels of oil. Int'l. TME Resources Inc. holds a 30% Carried Net Profits Interest in the Project. Trinity Sands Energy, LLC, a private joint venture company has the right to earn a 50% interest in the project by meeting certain funding schedules.
For the Board The statements in the press release that relate to the company's expectations with regard to the future impact the company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. |
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