There is a Big PR Campaign running ALL Weekend!
Get KKPT First Thing, This Is Going To Explode!
Check out HOT NEWS!!!
Very Big New Expected today at close. Monday should really
move!
KOKO PETROLEUM (KKPT) - This is our #1 pick this week
Our last pick gained $2.16 in 4 days of trading.
Current Price: $1.09
5 day expected price $2.10
This has been a great producer in our last PR Campaign
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 17,
2006--KOKO Petroleum, Inc. (PINK SHEETS:KKPT - News) has now
completed two wells. The wells have now been equipped for
production. The first two days resulted in the recovery of
water from the formation and the oil cut (percentage of oil
to water) has now increased substantially. The water should
be eliminated within a few days. Production tanks and
separator are being installed
KOKO Petroleum, Inc. (PKKPT - News) announced today that it
has revised its Letter of Intent with JMT Resources, Ltd.
Fort Worth Texas regarding the Development of JMT's polymer
flood pilot program on its leasehold located in Corsicana,
Texas.
The previous agreement focused only on the pilot program for
the polymer flood in a specific area of JMT's acreage. The
revised agreement gives KOKO the right, via a master joint
venture, to participate in all of JMT's acreage in the
Corsicana Field which totals 7,838 acres. As mentioned in
previous releases, this leasehold is the oldest oil field in
Texas and was discovered in the 1890's by a company that
eventually became Mobil Oil.
Recent geological analyses indicated there are several zones
under the Nacatoch zone (where the polymer flood is being
developed) which are oil bearing and have an excellent
possibility for commercial production. These zones include
the Pecan Gap, Austin Chalk and Wolf City. The joint venture
plans on shooting 3D seismic over portions of the Field to
better understand the potential of these zones and
corresponding reserves. Subsequently, an aggressive
horizontal and vertical drilling plan will be implemented to
capitalize on the seismic findings.
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