ALBUQUERQUE, N.M., Jan. 30, 2013 /PRNewswire/ -- Homeland Resources Ltd. (OTCQB: HMLA) ("Homeland" or the "Company") and other oil and gas companies are hard at work to help meet the increasing global demands forecasted from the International Energy Agency (IEA). The IEA in Paris recently released their monthly report stating that global oil demand is expected to rise to 90.8 million barrels a day. Daily barrel demand is already at 930,000 more than in 2012 and 240,000 more than the agency's previous forecast released in December 2012.
Homeland Resources Ltd. is already underway with the continued expansion of its current production capacity and the development of the Liberty Ridge multi-year, multi-well drill program which is expected to result in the participation in numerous new wells for Homeland and its partners. The Liberty Ridge multi-well drilling project, which is expected to begin shortly, in conjunction with other prospective production development and exploration are just some of the exciting new business advances that Homeland has planned for 2013.
Most recently, Homeland has launched an improved website and online presence to make press releases, announcements and other project information more readily available to their shareholders and potential investors. Visit www.homelandresources.com to get more information about the energy sector and Homeland's oil and gas projects. Investors are also encouraged to follow Homeland Resources Ltd. on various popular social media websites to stay current of all available corporate information:
- Twitter: https://twitter.com/homeland_res
- Facebook: http://www.facebook.com/HomelandResources
- LinkedIn: http://linkd.in/UWbkZ8
- Google+: http://goo.gl/0QjYo
About Homeland Resources Ltd.
Homeland Resources Ltd. (OTCQB: HMLA) is a performance-driven exploration and production company focused on developing relatively low-risk North American natural gas reserves. The Company's current focus is on the continued exploration and development of its property portfolio comprised of working interests in the Smoky Hill Project (5% interest) and the Liberty Ridge Project (5% interest) in Oklahoma. Homeland Resources is also seeking to expand its portfolio to include additional interests in North America.
For more information on HMLA, please visit www.homelandresources.com.
Notice Regarding Forward-Looking Statements
Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. The Company has no official gas or oil reserves at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.
For further information please contact:
Homeland Resources Investor Relations
SOURCE Homeland Resources Ltd.