N🟁N

3-D Seismic Survey Completed on Topaz Acreage

  //house-home.news-articles.net/content/2010/06/2 .. d-seismic-survey-completed-on-topaz-acreage.html
  Published in House and Home on Tuesday, June 29th 2010 at 13:10 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

DENTON, TX--(Marketwire - June 29, 2010) - Topaz Resources, Inc. (OTCBB: [ TOPZ ]), an independent oil and gas company ("Topaz" or the "Company"), today announced that a 3-D seismic survey that includes its Barnett Oil project area in Montague County in North Texas has been completed.

The survey was undertaken in part under agreement between Topaz and its partners ("Partners") and EOG Resources, Inc. ("EOG") who undertook the 3-D seismic survey of extensive acreage in Montague County, which includes the Topaz Barnett Oil properties. Under terms of the agreement, Topaz and its Partners can acquire the 3-D seismic data applicable to its acreage to assist in determining the location and design of its horizontal well program.

"We are very pleased to have the 3-D seismic survey undertaken and completed by EOG, a large independent oil and gas company with significant experience and expertise in the Barnett formations of North Texas," stated Ted Munden, President and CEO of Topaz Resources. "High quality 3-D seismic data is extremely important to be able to select the best locations and to make the best designs for drilling horizontal wells in the Barnett formation. Analysis, processing and interpretation of this data will enable us to commence the drilling of our next horizontal well during Q3, 2010."

About Topaz Resources

Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas. The Company's website can be found at [ www.topazresourcesinc.com ].

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.