CARDIFF ENERGY CORP. (the "Company") (TSX-V: "CRS") is pleased to announce that the Branch # 1 well located in Garvin County, Oklahoma was drilled to the base of the Oil Creek Sand at a final total depth of 6748 ft. The Oil Creek Sand unfortunately, was found to be wet. However, secondary objectives are considered to be successful on the basis of sample and log shows. The well has been cased into the Bromide sequence and completion operations for evaluation of the Viola and Bromide reservoirs will commence early in 2013. Completion results will be reported as information is available
Garvin County Branch Project
Cardiff has a 20% working interest in this project. This mature production area is situated within the region of the Paul's Valley Uplift. This is flanked by the Nehama Uplift to the north and the Arbuckle Mountains to the south. The area is noted for multi-zone production with Ordovician to Pennsylvanian aged beds providing most of the production. Productive formations include the Tonkawa Sand, the Deese Sand, the Viola Limestone and the Bromide Sands. This was the first well to penetrate the Oil Creek Formation on this lease.
About the Company
Cardiff is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff's website at www.cardiffenergy.com.
For more information, contact Greg Campbell, Secretary, at 604-505-4380
ON BEHALF OF THE BOARD OF DIRECTORS
President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to the future operations of the Company. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding 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. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.