OSSIAN, Ind., Feb. 15, 2018 (GLOBE NEWSWIRE) — North America Frac Sand Inc. (OTCQB:NAFS) (“NAFS” or the “Company”) is pleased to update its shareholders that the fracking industry is alive and well.
Joseph Kistler, President of the Company, stated, “As previously reported the Company is involved in substantive discussions regarding the furtherance of the Eagle Creek Frac Sand project and I am pleased to refer to the following article: http://business.financialpost.com/commodities/energy/alberta-forest-town-shakes-as-frackers-drill-for-light-oil-2 released in the Financial Post and originally release on Bloomberg News: https://www.bloomberg.com/news/articles/2018-02-08/alberta-forest-town-shakes-as-shale-frackers-drill-for-light-oil.”
The area being discussed in the aforementioned articles is located approximately 500 miles northwest of our Eagle Creek Property leases. Please follow this link to mapquest: https://www.mapquest.com/directions/from/canada/saskatchewan/industrial-park-265834527/to/canada/ab/fox-creek-282171516 to get a general idea of the area being discussed.
“What the article does not say is the sand referred to in the article is (for the most part) being brought in from the USA. This ‘boom’ is basically in the back yard of the Eagle Creek project located in Saskatchewan and will be a huge transportation cost savings. The process to partner with a group (in Canada near the Eagle Creek project) that is capable to complete the drilling program is moving forward and should be announced in the very near future,” concluded Kistler.
About North America Frac Sand, Inc.
North America Frac Sand, Inc. (OTCQB:NAFS) is headquartered in Ossian, Indiana, USA. With 29,900 acres of Frac sand leases, the Company’s intent is to validate the true value of its significant resource. About Frac Sand: Frac Sand is a proppant used in the oil and gas industry as a part of the hydraulic fracturing process – a means of increasing flow to the wellhead. Frac sand must have particular characteristics including achieving certain levels of crush resistance, sphericity, and roundness. It is therefore a relatively rare commodity.
Forward-Looking Information: This news release contains certain forward-looking information. All information, other than information regarding historic fact that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this news release includes, but is not limited to, the ability of the Company to continue selling Frac sand in the future, on a spot basis or otherwise. The forward-looking information contained in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. With respect to the forward-looking information contained in this news release, the Company has made assumptions regarding, among other things, future prices for Frac sand and by-products, future demand for processed Frac sand and the ability of the Company to restructure its debts. The forward-looking information contained in this news release is subject to a number of risks and uncertainties that may cause actual results or events to differ materially from current expectations, including the general volatility of Frac sand and by-product prices and demand, geological, technical, drilling and processing problems, future currency and interest rates, an unwillingness of the Company’s lenders to refinance the Company’s debts on terms favorable to the Company or at all and the ability of the Company to continue selling Frac sand. Additionally, if the Company is unable to obtain additional financing, the Company may be required to curtail activities and/or liquidate its assets or the Company’s creditors may seek to seize its assets. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable law, the Company disclaims any obligation to update or modify such forward-looking information, either because of new information, future events or for any other reason. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.