BOISE, ID, Jun 26 (MARKET WIRE) --
Environmental Energy Services, Inc. (PINKSHEETS: EESV), an independent
oil and gas exploration and production company, announced today that it
is seeing tangible, positive results from its investment in Blaze Energy
Corporation (PINKSHEETS: BLZE).
"We took a calculated risk when we invested in Blaze Energy, we had the
vision as a management team of the potential that Blaze Energy could add
to our portfolio," said A. Leon Blaser, CEO of EESV. "We are very pleased
and excited to see the production and results from this asset. 79 wells
are in contract, 44 wells are either drilled or are currently being
drilled and 31 wells are producing and selling gas."
Blaze participates in over 45,000 gross acres of exploration and
development in the Fayetteville Shale. The management team at EESV
believes that the Fayetteville Shale field represents one of the most
promising gas finds in the United States. EESV has more than 70%
ownership of Blaze Energy.
About Environmental Energy Services, Inc. (EESV)
Environmental Energy Services, Inc. (PINKSHEETS: EESV) is an independent
oil and gas exploration and production company. It combines cutting-edge
technology and research to acquire hydrocarbon energy resources for
development and production. Headquartered in Boise, Idaho, EESV through
its various holdings and subsidiaries participates in projects and
controls resources throughout North America. To learn more about EESV,
please visit www.eesvinc.com.
About Blaze Energy
Blaze Energy Corp. (PINKSHEETS: BLZE) is a natural gas exploration and
production company. Blaze Energy Corp. is primarily engaged in the
Fayetteville Shale gas project in Arkansas, through working interest it
owns in acreage blocks in Van Buren, Cleburne and Conway counties. Blaze
Energy Corp. is a majority-owned subsidiary of Environmental Energy
Services, Inc. (PINKSHEETS: EESV). For more information please visit
www.blazeenergy.net.
This press release includes forward-looking statements as defined in
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 relating to matters such as prospects,
anticipated operating and financial performance. Actual prospects and
performance may differ from anticipated results due to economic
conditions and other risks, uncertainties and circumstances partly or
totally outside the control of the company, including risks of production
variances from expectations, market volatility, the level of capital
expenditures required to fund ongoing drilling initiatives and the
ability of the company to execute its business strategy. These and other
risks are described in the company's reports filed with the United States
Securities and Exchange Commission. These forward-looking statements are
made only as of the date of this communication and both EESV and BLZE
undertake no obligations to update or revise these forward-looking
statements.
Media and Investor Contact:
Ann Norman Cole
Norman Communications
+1-917-546-9268
acole@normancommunications.com
Copyright 2008, Market Wire, All rights reserved.
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