Brenham Oil & Gas Corp.
OTCBB and OTCQB:"BRHM"
601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077
Tel: (281) 334-9479 Fax: (281) 334-9508www.brenhamoil.com email: email@example.com
News Release ____ _____________________
BRENHAM OIL & GAS CORP. COMPLETES
ACQUISITION OF DYESS OIL FIELD
Houston & Kemah, Texas Ė October 3, 2011, Brenham Oil & Gas Corp., OTCBB: BRHM ("Brenham"), a subsidiary of American International Industries, Inc., OTCBB: AMIN ("American"), announced today that it completed its acquisition and received full assignment of the leases of the Dyess Oil Field near Abilene, Texas. The Dyess Oil Field leases covering approximately 700 acres with probable reserves of 1.4 million barrels of oil, is delineated by more than two dozen existing wells. Brenhamís operating subsidiary, Brenham Operating LLC, will operate the Dyess Oil Field. Brenham Operating LLC received preliminary authorization to operate in Texas from the Railroad Commission of Texas upon the acceptance of its Form P-5 application on September 19, 2011.
Brenham granted the owners of the Dyess Oil Field leases an overriding royalty interest and issued them 2 million shares of Brenhamís common stock having a present value of approximately $500,000 in consideration for the acquisition.
Scott Gaille, Brenhamís President, stated "Brenham intends to restart production from selected Dyess wells and undertake water flood pilot programs in early 2012. The Dyess Oil Field acquisition reflects Brenhamís continuing strategy of acquiring United States oil development and production as a foundation to be followed by acquisition of exploration rights to oil producing properties internationally, with an initial focus on Africa."
For more information regarding Brenham please visit their 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:firstname.lastname@example.org