OTC Disclosure & News Service
Discovery Minerals Future Earnings Announcement
Oct 25, 2013
OTC Disclosure & News Service
Reno, NV -
Nevada, October 25, 2013 ?Discovery Minerals Ltd. (DSCR:OTC)
Minerals Future Earnings Announcement
Discovery Minerals Ltd. is pleased to announce that it has entered into the revenue cycle from operations due to its acquisition of The Sanday Corporation, an income producing oilfield services company engaged in engineering consulting. The Sanday Corporation through its contract with Merlin ERD, which is now the world leader in Extended Reach Drilling, has been involved in many successes of projects worldwide. The Sanday Corporation has become a subsidiary of Discovery Minerals. Roger A.T Smith, CEO of The Sanday Corporation has over 35 years oil and gas drilling, completion, work over and production experience with a B.A. in Mechanical Engineering. Mr. Smith has been an advisor to Petrohawk, K&M Technology Group, Chevron, BP, ConocoPhillips and now Total Oil. Significant successes this year alone for 2013, where The Sanday Corporation completed a complicated extended reach well in the North Sea, U.K. for Total Oil, on its Alwyn North Platform, 400 KM North Offshore Aberdeen. The Sanday Corporation then went on to complete another successful project for Centrica U.K. in the Southern Sector of the North Sea, U.K. from a Jack up drilling rig, this project was successful and brought in under budget. The Sanday Corporation then went on to yet another successful completion this year just recently in the Adriatic Sea, offshore Italy, also from a Jack Up Rig, two wells were brought in under budget for Edison. Lastly Sanday completed a project for BP in Azerbaijan, offshore Baku, in the Caspian sea, from the Platform East Azeri. A successful well was made. Merlin contracted Sanday Corp to oversee the operation on the third side track well to overcome some problems in the well, which were overcome after utilizing the ERD procedures for drilling the well. Sanday Corp is presented contracted for a major project within the Murcheson National Park in Uganda, once again for Total Uganda, a consortium of also Tullow Oil and CNOOC which is 33.3% for each this is a project which is under constant scrutiny as the Ugandan Government have given permission for drilling a test/appraisal well within its famous National Park, so many environmental issues exist and protecting the wildlife is at the top of our list as a safe efficient responsible engineering operator.
About Discovery Minerals Limited
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as ?believes,? ?expects,? ?may,? ?will,? ?intends, ?plans,? ?should,? ?seeks,? ?pro forma,? ?anticipates,? ?estimates,? ?continues,? or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under ?Risk Factors? and ?Our Business.? Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
Media Relations: Russell Smith
Copyright © 2013 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.