Strategic Penny Stocks To Watch CAMBRIAN SYSTEMS INCORPORATED (OTC: CAMS)
Up 50.00% on Thursday
Cambrian is an independent oil and gas company with a primary focus on acquiring, developing and participating in the U.S. crude oil and natural gas properties.
CAMS News:
January 18 – Cambrian (CAMS) Announces Corporate Update
02-03-12 Strategic Penny Stocks To Watch CAMBRIAN SYSTEMS INCORPORATED (OTC: CAMS)
Cambrian Systems (OTC: CAMS) announces that it is making very good progress in Kentucky.
As we stand today, Cambrian Systems is predominantly an independent oil and gas company with a primary focus on acquiring, developing and participating in crude oil and natural gas properties. The past four months have been highly productive for Cambrian. We now have acquired just over 500 acres of oil leases. Significant revenue opportunities exist through the development of the existing wells and the reactivation of the shut-in wells.
Currently, our operator has been carrying out appraisal and development studies. The principal objective of the 2012 work program is to assess and plan for the commercialization of our prospective resources and to explore ways to exploit these Wells with an early production scheme to generate early cash flows. The Company constantly reviews investment opportunities that will increase our exploration and production asset portfolio and will target value accretive acquisitions which may require additional funding in the future.
We are also proud to announce that within the next two weeks we expect to fully equip and put one well into production on our 250 acre King lease in Green County, Kentucky.
Over the ensuing weeks we’ll be closely monitoring and working to maximize production from this well. Assuming we achieve commercially viable production amounts, we’ll use the same production-enhancing techniques employed on this well as a blueprint as we move forward with equipping and getting production from other wells on our block of leases in Green County.
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