ST. PETERSBURG, Fla., March 15 /PRNewswire-FirstCall/ -- Wilon Resources, Inc. (Pink Sheets:WLON.pk - News), an energy exploration company with operations in the Appalachian Basin is pleased to announce that it is in the final stages of preparation for delivery of natural gas. The Company has scheduled all projects to be completed and final inspections for the week of March 15, 2010 in anticipation of delivery.
Over the next few days, the Company's West Virginia natural gas project will go through several inspections to insure that the recently constructed meter station, H2S detection facility, compressor station, and glycol unit are functioning properly and to the standards required by Columbia Gas Transmission. During this time, the Company will continue to swab wells and tie in additional wells into the gathering system. The Company projects that it will have between 15-25 wells equipped for the initial day of delivery and will open for production an additional 5-8 wells weekly.
In addition, management would like to remind shareholders of the upcoming special shareholder meeting this Friday, March 19, 2010. Management strongly believes that the acquisition of the Company by Adventure Energy is in the best interest of shareholders and will allow the Company to further develop its leasehold interests.
"We are extremely excited to finally be at the point where we can initiate gas sales," stated Wayne Anderson, President of Wilon Resources, Inc. "We look forward to meeting with shareholders this week at the Company's shareholder meeting and to discuss the future of the Company."
About Wilon Resources, Inc.
Wilon Resources, Inc. engages in the exploration, production, and delivery of natural gas. Its operations are in the Appalachian Basin centered around West Virginia on leaseholds that aggregate approximately 12,000 acres.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently.
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