SAN ANTONIO, Oct. 5, 2006 (PRIMEZONE) -- Baseline Oil & Gas Corp. (OTCBB:BOGA), an independent oil and gas exploration and development company, today announced the launch of its website, www.baselineoil.com.
"As a publicly traded company, we realize the role an informative website plays in providing important and timely information to Baseline shareholders and potential investors, as well as other members of the energy sector," stated Barrie M. Damson, Baseline Oil & Gas Chairman and Chief Executive Officer. "We look forward to continually updating the site with developments on our progress."
At www.baselineoil.com, visitors will be able to access corporate background information including recent Company news and events, stock data and SEC filings. Visitors will also be able to request additional information and subscribe to the Company's email alerts.
About Baseline Oil & Gas Corp.
Baseline Oil & Gas Corp. is an independent oil and gas exploration and development company. Baseline presently holds a 50% working interest in New Albany-Indiana, LLC, which has joint operating agreements with various companies in developing leases covering approximately 188,500 gross acres in the New Albany Shale play, located in the Illinois Basin of southern Indiana. In addition, Baseline Oil & Gas is actively seeking accretive mergers or acquisitions, and is also exploring various strategic joint ventures that may include the acquisition of producing and/or non-producing properties. Baseline Oil & Gas Corp. was founded in 2004 and is based in San Antonio, Texas. For more information, please visit www.baselineoil.com.
Safe Harbor Provision
This document includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning estimates of expected drilling and development wells and associated costs, statements relating to estimates of, and increases in, production, cash flows and values, statements relating to the continued advancement of Baseline Oil & Gas. Corp.'s projects and other statements which are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although Baseline Oil & Gas believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that the Company's projects will experience technological and mechanical problems, geological conditions in the reservoir may not result in commercial levels of oil and gas production, changes in product prices and other risks disclosed in Baseline's Annual report on Form 10-KSB filed with the U.S. Securities and Exchange Commission.
CONTACT: Baseline Oil & Gas Corp. Barrie M. Damson, Chairman & CEO (210) 418-5177 The Wall Street Group, Inc. Ron Stabiner (212) 888-4848