RICHMOND, TX -- 09/05/08 --
Monogram Energy, Inc. (PINKSHEETS: MGRN) is
pleased to take the opportunity to update its shareholders on recent
Company news and events:
Aug. 7th - Monogram enters negotiations for new leases. This is in keeping
with the Company's ongoing acquisition plan, and continues to be a
priority.
Aug. 11th - Monogram begins workover of 3 wells on T.W. Martin Lease.
Aug. 28th - Monogram nears completion of financials for posting on Pink
Sheets.
Sept. 2nd - Monogram successfully completes well workover.
Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. stated,
"We have a number of activities currently in progress. In addition to the
items we have listed here, we are continuing to explore alternative methods
to help our company grow. We feel that by year's end we should be able to
point to significant progress."
Mr. King became interested in the production of oil & gas during his ten
years of employment as an attorney for the Halliburton Company, and with
his representation of independent oil companies during his years as a
private practitioner. Monogram Energy's goal is to maintain a high
risk/reward profile, thereby enabling them to return the most value to its
shareholders.
About Monogram Energy, Inc.:
Monogram Energy, Inc. is an independent energy company engaged in the
acquisition, development, and exploitation of oil and gas properties. The
Company specializes in acquiring oil & gas leases with proven reserves that
have the potential for increased production.
Billy D. King, the Chairman & CEO, is a graduate of St. Mary's University
School of Law, and has been in the field of oil & gas law in excess of
thirty years.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: Except for historical information, the forward-looking matters
discussed in this news release are subject to certain risks and
uncertainties which could cause the Company's actual results and financial
condition to differ materially from those anticipated by the
forward-looking statements including, but not limited to, the Company's
liquidity and the ability to obtain financing, the timing of regulatory
approvals, uncertainties related to corporate partners or third-parties,
product liability, the dependence on third parties for manufacturing and
marketing, patent risk, copyright risk, competition, and the early stage of
products being marketed or under development, as well as other risks
indicated from time to time in the Company's filings with the Securities
and Exchange Commission. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.
Additionally, this release may not be considered as legal, accounting, or
investment advice, and is not, and may not be considered, a solicitation
for the purchase of any securities issued by Monogram Energy, Inc.
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listed below.
Contact:
Monogram Energy, Inc.
Billy D. King
3320 FM 359
Richmond, TX 77469
Phone: (281) 341-5255
Fax: (281) 341-1171
Email: mailto:info@monogramenergy.com
Website: http://www.monogramenergy.com
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7100 Grace Road
Orlando, FL 32819
Phone: (407) 822-1110
Fax: (407) 822-1190
Email: mailto:info@themicrocaptimes.com
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