PRIMEGEN ENERGY CORP. 
By Testing of any potentially productive oil bearing zones has been initiated. The Company will be advised as to the commercial viability of the well and productive oil flow rates upon the completion of testing, which is anticipated by the end of the week. Individual wells are also drilling more quickly than originally projected. As part of the accelerated drilling program, a seventh well is scheduled for immediate drilling shortly after the results of the sixth well are announced.
"Our strategy now is to use the cash flow generated from production to progress those projects with the potential to provide the quickest returns," commented
In addition, the Company is now subscribed and will be reporting its quarterly and annual financial information through the Pink Sheets OTC Disclosure and News Service; the company will be placed in the "Current Information" designation at pinksheets.com. Pink OTC Markets Inc. provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market. The Current Information designation falls in the "Transparent" category as defined by the Pink Sheets.
Subscribing to the OTC Disclosure and News Service is the first step to comply with the guidelines contained in "Pink OTC Markets' Guidelines for Providing Adequate Current Information." Subsequent steps that PrimeGen intends to take include the posting of quarterly and annual financial statements through the OTC Disclosure and News Service, publishing a quarterly letter from an attorney stating that the issuer's disclosure meets specified requirements and maintaining an SEC registered transfer agent. The quarterly and annual financial statements will be prepared in accordance with U.S. GAAP requirements. PrimeGen will post the required disclosure on www.pinksheets.com. Pink OTC Markets will verify that the company's quarterly or annual report, in addition to the attorney letter regarding completeness of disclosure, has been posted within 75 days after each quarter ended and within 120 days after each fiscal year-end.
About PrimeGen Energy Corporation
PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act 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.
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 the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes 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 the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission
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SOURCE PrimeGen Energy Corp.
