AUSTIN, Texas, Sept. 15 /Xinhua-PRNewswire/ -- Texas American Resources-Asia Ltd., an affiliate of Texas American Resources Company, Austin, Texas, announced today the start of a 3D seismic survey over the Panyu prospect area of PSC 28/20 covering 850 square kilometers in the Pearl River Mouth Basin of the South China Sea, China. China Offshore Services Ltd. (COSL) is the contractor, using the MV Dongfangmingzhu seismic vessel. Production shooting began August 1, 2007 and is expected to be completed by November 1, 2007.
ABOUT TEXAS AMERICAN RESOURCES ASIA, LTD.
Headquartered in Beijing, Texas American Resources -- Asia, Ltd's ("TARA") principal assets consist of two blocks in the Pearl River Area of the South China Sea, making TARA the first privately-held company to have assets in the South China Sea. In total, TARA's offshore blocks encompass approximately 4.5 million acres.
LEGAL DISCLOSURE: Certain statements in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, particularly any express or implied statements concerning future financial condition or operating results. Although Management believes that the expectations reflected herein are reasonable, the matters discussed in this release involve risks, uncertainties, and other factors that may delay, prevent or adversely affect the transaction or the Company's planned activities and operations. There can be no assurance that such expectations will prove correct. All forward-looking statements are expressly qualified by this cautionary statement.
