CALGARY, Alberta, March 17, 2004 (PRIMEZONE) -- DMT Energy, Inc ("DMT" or the "Company") (Pink Sheets:DMTY) reports that it has acquired 11,300 acres of prime oil & gas properties in New Mexico.
Fred DaSilva, DMT President & CEO stated, "DMT has just taken a major step forward for its shareholders. We are extremely fortunate to be holding such a large and promising land position in an area of significant interest to both Yates Petroleum Corporation and Devon Energy Corporation (AMEX:DVN). The newly acquired land is of significant interest to DMT and with the positive activity going on in the areas surrounding DMT's land, the upside potential for us is extremely significant. We will immediately facilitate a plan to explore and develop a core area that is showing extremely significant potential and are immediately looking to acquire additional acreage to complement our existing land position within New Mexico."
Project data and other relevant information will be available on the DMT website, www.dmtenergyinc.com, in the coming weeks.
For further information please contact Fred DaSilva, President & CEO at 403-264-7869.
Certain information and statements included in this news release constitute "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include known and unknown risks, uncertainties and other factors, which may cause the results, performance, or achievements of the Company to be materially different from any further results, performances, or achievements expressed or implied in such forward-looking statements.
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