[Marinir] {Disarmed} Quattro (TSX-V: QXP) Gains Production Rights to Past-Producing Oil Property

Thu Apr 12 14:10:16 CEST 2012

 Click here
http://www.actonsoftware.com/acton/ct/1523/s-00f2-1204/Bct/l-0002/l-0002:15bcd/ct0_1/1
 to view this message in a browser window

http://www.qxp-petro.com 

Quattro Exploration and Production Ltd. ("QXP") SIGNS AGREEMENT FOR THE 
ACQUISITION OF 100% OF THE RIGHTS AND OBLIGATIONS FOR THE EXPLORATION 
AND EXPLOITATION OF CONTRACT 4-98 CONSISTING OF 320,785 ACRES IN THE 
NORTHERN PETEN BASIN OF GUATEMALA 

Quattro Exploration And Production Ltd. (TSX-V: QXP 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=QXP&region=C&lookup=symbol&snapshot=default 

) (the "Corporation" or the "Company") is pleased to report that it has 
signed of an agreement with Compania General de Combustibles S.A., (CGC) 
a private Argentinian corporation to acquire 100% of certain 
confidential data as well as the rights and obligations for the 
Exploration and Exploitation of Contract 4-98 situated in the Northern 
Petén Basin of Guatemala. Include in this agreement is the requirement 
to apply to the Guatemalan Ministry of Energy and Mines, for Quattro to 
be assigned as the operator of Exploration and Production Contract 4-98. 

The exploration and production blocks total approximately 320,785 acres 
in size and are located in close proximity to established oil pipelines 
and producing fields in the northwestern region of Guatemala. 

Contract 4-98 lies over Quaternary deposits and Eocene and Paleocene 
marine strata partially mapped with seismic and tie lines to the 
discovery well Bolonkitu-1, located 50 Km on trend to the Tertiary 
strata, of the Cobán B and C levels, which are producers in Petén Basins 
and situated on trend with the prolific Reforma fields of Mexico, where 
the geological environment has resulted in the formation of 
stratigraphic traps and wide anticlines related to regional horst and 
grabens along the Yucatan peninsula. Fields related to these structures 
are currently producing more than 11.000 BOPD in the North Petén Basin 
of Guatemala. 

The Company believes that through the application of the company's 
capacity to successfully implement advanced exploration, drilling and 
completion techniques there is a significant opportunity for the rapid 
development of this exploration and production block to its full 
potential. The company intends to introduce techniques that result in a 
much more efficient and minimalistic environmental foot print than what 
was possible when the Contract was initially issued in 1998 and subject 
to an operational review in 2004. 

"Upon the successful completion of our final report and submission for 
the reactivation of activities in the region as required as part of 
closing of the agreement", stated Leonard Van Betuw of QXP, "We will 
have added a very complimentary asset to the projects that the company 
continues to develop both in Guatemala and south Central Saskatchewan. 
The agreement contemplates this to occur on or before August 4th, 2012. 

As reported in our Press Release of April 2nd Quattro believes the 
foundation provided through its exploration and production activities in 
south central Saskatchewan on the north western flanks of the Williston 
Basin, provide the company a very complimentary asset base of low risk 
production with the high impact of exploration and development drilling 
in Guatemala. 

About the Quattro Exploration and Production Ltd. (TSXV: QXP) 

Quattro Exploration and Production Ltd. (TSXV: QXP) continues to focus 
on the conventional exploration and development of oil and natural gas 
reserves in Western Canada, primarily in south central 
Saskatchewan...combined with the intention to aggressively pursue a 
series of high impact exploration efforts in Central and South America, 
the company intends to balance a portfolio of activities that assures 
its shareholders that it achieves material growth in both reserves and 
production. 

Mission Statement 

Quattro Exploration and Production Ltd. is a company based in Calgary, 
Canada. The company is an exploration and production company actively 
pursuing growth opportunities within select energy markets both 
domestically and internationally. Quattro utilizes an aggressive 
application of progressive exploration and production techniques that 
competitively advance its projects through a concerted strategy of value 
creation that is both rewarding for its shareholders and socially 
responsible. 

FOR FURTHER INFORMATION PLEASE CONTACT: 

Leonard B. Van Betuw 

President and Chief Executive Officer 

Phone: (403) 984-3917 

Forward Looking Statements 

Statements in this press release contain forward-looking information 
within the meaning of applicable securities law. Forward-looking 
information is frequently characterized by words such as "plan", 
"expect", "project", "intend", "believe", "anticipate", "estimate" and 
other similar words, or statements that certain events or conditions 
"may" or "will" occur. . Readers are cautioned that assumptions used in 
the preparation of forward-looking information may prove to be 
incorrect. Although we believe that the expectations reflected in the 
forward-looking information are reasonable, there can be no assurance 
that such expectations will prove to be correct. We cannot guarantee 
future results, level of activity, performance or achievements. 
Consequently, there is no representation that the actual results 
achieved will be the same, in whole or in part, as those set out in the 
forward-looking information. 

Forward-looking information is based on the opinions and estimates of 
management at the date the statements are made, and are subject to a 
variety of risks and uncertainties and other factors (many of which are 
beyond the control of the Corporation) that could cause actual events or 
results to differ materially from those anticipated in the 
forward-looking information. Some of the risks and other factors could 
cause results to differ materially from those expressed in the 
forward-looking information include, but are not limited to: general 
economic conditions in Canada, the United States and globally, the risks 
associated with the oil and gas industry, commodity prices and exchange 
rate changes. Industry related risks could include, but are not limited 
to: operational risks in exploration, development and production; delays 
or changes in plans; competition for and/or inability to retain drilling 
rigs and other services; competition for, among other things, capital, 
acquisitions of reserves, undeveloped lands, skilled personnel and 
supplies; risks associated to the uncertainty of reserve estimates; 
governmental regulation of the oil and gas industry, including 
environmental regulation; geological, technical, drilling and processing 
problems and other difficulties in producing reserves; the uncertainty 
of estimates and projections of production, costs and expenses; 
unanticipated operating events or performance which can reduce 
production or cause production to be shut in or delayed; incorrect 
assessments of the value of acquisitions; the need to obtain required 
approvals from regulatory authorities; stock market volatility; 
volatility in market prices for oil and natural gas; liabilities 
inherent in oil and natural gas operations; access to capital; and other 
factors. Readers are cautioned that this list of risk factors should not 
be construed as exhaustive. 

The forward-looking information contained in this news release is 
expressly qualified by this cautionary statement. The Corporation does 
not undertake any obligation to update or revise any forward-looking 
statements to conform such information to actual results or to changes 
in our expectations except as otherwise required by applicable 
securities legislation. Readers are cautioned not to place undue 
reliance on forward-looking information. Neither TSX Venture Exchange 
nor its Regulation Services Provider (as that term is defined in the 
policies of the TSX Venture Exchange) accepts responsibility for the 
adequacy or accuracy of this release. 

For more information about this service, please see: 
www.infostockbiz.com 

http://www.infostockbiz.com 

--------------------------------------------------------------------------------
*********************************************************************
Disclaimer: KCrew Communications was paid to distribute this Infostock bulletin.
KCrew Communications may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
You are on this mailing list because you registered for Infostock.
You may opt out at any time using the unsubscribe feature at the bottom of this email.
For more information about this service, please see http://www.infostockbiz.com
http://www.infostockbiz.com

KCrew Communications Inc. at 1.866.465.3616
Suite 1250 - 789 West Pender St., Vancouver, BC Canada V6C1H2.
This email complies with the US Federal CAN-SPAM Act of 2003
*********************************************************************

If you do not wish to receive futher emails Click Here
http://www.actonsoftware.com/acton/rif/1523/s-00f2-1204/-/l-0002:15bcd/l-0002/zout
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.polarhome.com/pipermail/munindo/attachments/20120412/93ed31cb/attachment.html>