| By Marketwire . | Article Rating: |
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| December 12, 2005 02:00 PM EST |
TORONTO -- (MARKET WIRE) -- 12/12/05 -- SUNCREST ENERGY (OTC: SNYY), which specializes in oil and gas exploration and drilling, announced today the initial marketing of their Drilling Program has generated fifteen (15) new drilling contracts within the past week. The Drilling Programs will commence during the first quarter of 2006. The Drilling Division of Suncrest anticipates obtaining additional commitments over the next several weeks sufficient to exceed eighty percent (80%) of their currently available drilling rigs.
"These contracts are the first steps toward establishing Suncrest Drilling as a viable entity within the oil and gas development arena," said David Alexander, Chairman. "We are very pleased at the receptivity of several independent oil companies to our program. We appreciate having the opportunity to work with these companies and to bring additional reserves on-line."
"With First Canadian (OTC: FCDH) as a significant shareholder, now these extensions of our business should benefit them over the long term," said David Alexander, Chairman.
About SUNCREST ENERGY
SUNCREST ENERGY (OTC: SNYY) is engaged in oil and gas exploration and drilling programs for itself and other companies. With interests in the United States and Russia, our goal is to become a major player in the development of worldwide natural resources to benefit our shareholders and the communities where we operate.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
CONTACT:
Suncrest Energy Inc.
David Alexander
email: info@suncrestoil.com
Published December 12, 2005
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