DALLAS, TX--(Marketwired - Apr 23, 2014) - Energy Revenue America, Inc. (PINKSHEETS: ERAO), a firm focused on the acquisition, development and exploration of Coal Bed Methane (CBM) natural gas and the owner of 65 miles of pipeline on 3,100 acres in Nowata County, Oklahoma, today issued a Letter to Shareholders.
Dear Shareholders, Business Partners, and Friends:
At Energy Revenue American, Inc., we are helping address one of the United States' greatest challenges -- energy independence. Meeting this challenge will be demanding and we are pleased to report our progress in 2013.
As you know from our previous updates, our business plan has five specific strategies:
1-Refurbish/Rebuild the 65 mile pipeline and upgrade compressors (2012/2013)
In 2013 we repaired and upgraded several sections of our 65 mile pipeline. Compressors were repaired or replaced with new equipment.
2-Reopen existing wells (2013/2014)
In 2013 we were able to reopen 10 existing wells, drill two new wells and begin to carry gas for a third party.
The progress made in 2013 will allow us to substantially grow our business in 2014.
3-Drill new wells for working interest investors (2014/2015)
4-Drill new wells for ERA/Envirotek with100% ownership (2015)
5-Secure other gathering pipelines and associated leases. (2014/2015)
"The past two years have been a struggle to get our pipeline and compressors in working order," stated Charles H. Havens, ERA's Chairman and Chief Operating Officer. "We are positioned for substantial growth in 2014 and expect to close funding to drill 50 to 100 new wells and continue to reopen existing wells on the existing 3,100 acres in Nowata County, Oklahoma."
The advantages of natural gas continue to be highlights in dozens of articles and charts as shown, which shows emissions by major fuel type.
About Energy Revenue America, Inc.
Energy Revenue America, Inc. is focused on the acquisition, development and exploration of unconventional natural gas projects, primarily Coal Bed Methane (CBM) and seeks to acquire and develop properties with significant undeveloped potential and apply technical and operating expertise to maximize the value of these resources.
FORWARD-LOOKING STATEMENT
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.