Brenham Oil & Gas Corp.
601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077
Tel: (281) 334-9479 Fax: (281) 334-9508www.brenhamoil.com email: firstname.lastname@example.org
BRENHAM OIL & GAS CORP. UPDATE ON ACTIVITIES
Houston & Kemah, Texas Ė March 14, 2012, Brenham Oil & Gas Corp., OTCBB: BRHM ("Brenham"), a subsidiary of American International Industries, Inc., OTCBB: AMIN ("American"), announced certain updates in respect of its activities.
Legal Proceedings Against TGS-NOPEC and ENI Regarding Petroleum Concession in Africa. Mr. Scott Gaille, Brenhamís President, stated: "Discovery of documents related to the Togo legal proceedings continues, and the 189th District Court in Texas has issued a new Docket Control Order setting February 11, 2013 as the expected trial date. Most recently, a hearing on Brenhamís Motion to Compel Discovery from TGS-NOPEC has been scheduled on March 30, 2012."
United States Development Activities. Mr. Daniel Dror, Brenhamís Chief Executive Officer, stated that "Brenham has entered into a farmout agreement in respect of the Dyess Field in Abilene, Texas that entitles Brenham to a 2.5% overriding royalty on the existing leases, as well as on all future leases acquired within a ten mile radius. Brenhamís strategy will be to use its technical and commercial evaluation capability to identify attractive redevelopment prospects, and to build a portfolio of non-operated royalty and minority working interests in such fields, in addition to its present plans to explore operations in the oil and gas sector."
International Exploration Activities. Mr. Hardy, Brenhamís Vice President of Technology, stated that "Brenham continues to negotiate with the Government of Equatorial Guinea and one other African nation regarding terms and conditions related to acquisition of petroleum exploration agreements directly from the government."
For more information regarding Brenham please visit its website:http://www.brenhamoil.com/
Brenham Oil & Gas Corp. is an independent oil and gas company engaged in the acquisition of petroleum resources. The Company's focus is on coupling United States development/production assets with international exploration in locations such as Sub-Saharan Africa. Brenham's management team includes experienced professionals from major oil and gas companies.
This press release may contain forward-looking statements, including information about managementís view of the Companyís future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate reflected by our subsidiaries' operations include without limitations, growth in the energy sector and in the oil and gas service industry, increased levels of competition, new products and technology changes, and the market for pipes, the rules of regulatory authorities and risks associated with any potential acquisitions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof. Finally, the Company undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Investor Relations: Rebekah Ruthstrom Tel: 281-334-9479 email:email@example.com