Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No
x
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
TABLE
OF CONTENTS
1. Press
Release of Registrant dated October 12, 2010 as filed on SEDAR on October 15,
2010.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
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EAGLEFORD
ENERGY INC.
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Dated: October
15, 2010
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By:
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/s/ James
Cassina |
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Name:
James Cassina
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Title:
President
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ITEM 1
EAGLEFORD
ENERGY INC.
FOR
IMMEDIATE RELEASE
Eagleford Energy to Drill
Initial Eagle Ford Shale Well in Zavala County, Texas
Toronto, October 12, 2010 –
Eagleford Energy Inc. (OTCBB “EFRDF”) (“Eagleford Energy” or the "Company”), has
been notified by Dawsey Operating, LLC, a Texas based engineering and consulting
firm, that the rig allocated to drill an initial test well of the Eagle Ford
shale formation will mobilize onto location at the Company's Matthews
lease in Zavala County, Texas starting tomorrow. The Company intends to drill
vertically through the Eagle Ford and log key formations including the San
Miguel sands, the Austin Chalk and the Eagle Ford shale. After
logging, the well will be drilled approximately 4,000 feet horizontally through
the Eagle Ford shale formation.
The
Matthews Lease comprises 2,629 acres of land (or 4 square miles) and is situated
adjacent to the Redhawk land block under development by Petrohawk Energy
Corporation (NYSE: HK)(“Petrohawk”). Eric Johnson, VP Operations at Dyami Energy
LLC, a Texas based subsidiary of Eagleford Energy, stated, “Our primary target
is the Eagle Ford shale. Petrohawk has reported 355 barrels a day of
oil production from its horizontal well on the property next
door. Given the blanket nature of the Eagle Ford formation in this
area we are excited by our prospects. We also plan to run tests on
the San Miguel formation to gather important petro-physical data on the
significant amount of heavy oil in place.”
Eagleford
Energy’s consolidated working interest in the well before payout is 85% (69%
working interest after payout).
Zavala
County, Texas is part of the Maverick Basin of Southwest Texas and downdip from
the United States Geological Studies north boundary of the
Smackover-Austin-Eagle Ford total petroleum system. This area is often referred
to as the oil window of the present Eagle Ford shale play.
For
further information, please contact:
Eagleford
Energy Inc.
Investor
Relations
Telephone:
877-723-5542
Facsimile:
416 364-8244
About Eagleford Energy
Inc.
Eagleford
Energy Inc. is a growth orientated oil and gas company with a focus on growing
hydrocarbon reserves, cash flow, and net asset value per share through
exploration and production of mineral properties in South Texas. The Company is
actively pursuing leases and drilling opportunities in Texas and throughout the
region with a primary objective of obtaining high-demand Eagle Ford Shale
acreage for follow up exploration and production. There are approximately 30.9
million shares issued and outstanding in the capital of the
Company.
Certain
information regarding the Company in this news release may constitute
forward-looking statements under applicable securities laws. The forward-looking
information includes, without limitation, projections or estimates made by us
and our management in connection with our business operations. Various
assumptions were used in drawing the conclusions or making the forecasts and
projections contained in the forward-looking information contained in this press
release, which assumptions are based on management analysis of historical
trends, experience, current conditions and expected future developments
pertaining to the Company and the industry in which it operates as well as
certain assumptions as specifically outlined in the release above.
Forward-looking information is based on current expectations, estimates and
projections that involve a number of risks, which could cause actual results to
vary and in some instances to differ materially from those anticipated by the
Company and described in the forward-looking information contained in this press
release. Undue reliance should not be placed on forward-looking
information, which is not a guarantee of performance and is subject to a number
of risks or uncertainties. Readers are cautioned that the foregoing list
of risk factors is not exhaustive. Forward-looking information is based on
the estimates and opinions of the Company’s management at the time the
information is released and the Company disclaims any intent or obligation to
update publicly any such forward-looking information, whether as a result of new
information, future events or otherwise, other than as expressly required by
applicable securities laws.