Multi-Corp International Announces the Double XX Property is Now Producing Oil
DENVER CITY, Texas, Nov. 21, 2013 /PRNewswire/ -- Multi-Corp International Inc. (OTCQB: MULI). ("Multi-Corp" or the "Company"), an emerging Exploration and Production Company, is actively acquiring and developing oil and gas assets in North America. Multi-Corp is pleased to announce that all necessary flow lines, power lines and pump jack repairs have started to bring the Double XX field back into production. Multi-Corp expects an initial flush production to be between 30 and 40 barrels per day from all wells for the first period of time, as the wells have been shut-in for about five years.
About Multi-Corp International, Inc. (OTCQB: MULI)
Multi-Corp International is an Exploration and Production (E&P) company focused on delivering superior operating and financial results by developing and acquiring oil and gas resources initially in New Mexico and then throughout North America, that are contributing to the country's energy security and vital to the world's health and welfare. The Company operates from its offices in Denver City, Texas.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Multi-Corp International, Inc.
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Mrs. Jean Mann
President & C.E.O.
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