Topaz Notes Developments in 2010

Topaz provided insight into a series of fundamental developments occurring at the Company in 2010. In a formal statement, Ted Munden, the Chief Executive Officer of Topaz, stated:

"Over the next few weeks, we will commence the announcement of:

  • strategic partnerships to facilitate drilling and development of our properties;
  • the ongoing acquisition of targeted oil and gas properties to expand and enhance our portfolio;
  • 3D seismic to assist in the location and design of our horizontal well program for our Barnett oil and gas wells; and
  • the ongoing drilling of both shallow oil and gas wells and of the Barnett oil and gas wells."

"We invite you to join us as we fully exploit the production potential and financial upside of Topaz's growing project inventory."