Arkose Energy Provides Shareholder Update and Shifts Focus to Natural Gas

Aug 24, 2015, 07:30 ET from Arkose Energy Corp

SAN ANTONIO, Texas, Aug. 24, 2015 /PRNewswire/ -- Arkose Energy (OTC: RKOS) . Arkose Energy would like to update shareholders on current operational activities and plans for the rest of 2015 and first quarter of 2016.
CEO Trace Maurin stated "Further to our June 26th release, in which we provided an update on the 45 well reentry and work over program. 

In light of the recent and uncertain slide in oil prices to $40.00 a barrel and most analyst  forecast  of $35.00 to $40.00  range for the remainder  of 2015  and first  half  of 2016, making our current operations borderline  economical.

Arkose has made a conscious decision to focus on Natural gas production.
Over the course of the last month the company and identified Shut in Gas production and prospects in Texas and Western Canada.

Arkose is presently evaluating and in discussion on possible acquisitions, JV and farm in opportunities. The immediate benefits to Arkose are that in all instances the Wells are shut in with proven production and reserves.

With a small amount of Capex, Arkose can capitalize on immediate revenue and cash flow from production.

Natural  gas finding costs  and operation expenses are historically lower  than oil, while market prices for Natural Gas have remained  constant  over  the last  year, thus providing  stability to Arkose and the ability  to plan ahead.

Stable Revenue  from Gas  Production, coupled  with the fact  that current natural  gas prices  vs Demand and supply are slated  to rise, more so and quicker  than oil, will position  Arkose  Energy  to Capitalize on the vast  opportunities  that  present  itself  during these volatile  times.

We will continue  to maintain  our  oil  prospects  and manage  current  production of 7 to 10 bbl/Day, but shift  our focus  and finances  into Natural  Gas.

Arkose Energy has been invited as a featured guest in the next couple of weeks, on the long time Business show "YOUR MONEY'S WORTH" on Beasley Broadcasting 1470 AM South Florida, as well as Video Streamed on WWW.WWNNRADIO.COM.

"The USA has decreased its dependency on importing oil from foreign nations, thus making Natural Gas more Attractive," so said Mick Bazsuly, long-time host of Your Money's Worth.

This press release may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Any such projections or statement reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and that actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ from those projected, such as decreases in oil and gas prices and unexpected decreases in oil and gas production is included in the company's periodic reports filed with the Securities and Exchange Commission (at www.sec.gov).

Trace Maurin
President, CEO
Arkose Energy
+1-210-632-2793

SOURCE Arkose Energy Corp