Georox Announces its five (5) horizontal wells comprehensive oil drilling program

 

Kelowna, British Columbia, Canada, 1. November 2013: Georox Resources Inc. ("Georox" or the "Company") (GXR:TSX-V; OF6A:FROM) is pleased, recording its drilling program, which will take place in the next two months at the Company's project Silverdale GP Channel, announce.

Das hat horizontale Bohrgerät am 26. October 2013 the first hole of the comprehensive five horizontal wells drilling program, which is run by Husky Energy, drilled.

All five wells are expected to be drilled in early December and then completed, equipped and early 2014 be put into operation. The costs amount to a total of approximately 7.050.000 C$ (Proportion of Georox: 486.000 C$).

About Georox:

Georox is a Canadian resource company, which focuses on the acquisition, the exploration and development of oil- and gas concession areas in western Canada is. The Company's shares are traded on the TSX Venture Exchange under the symbol GXR and on the Frankfurt Exchange under the symbol OF6A.

For more information, contact:

Burkhard Franz,
President und Chief Executive Officer
Such: +1 (250) 712-2213
Fax: +1 (250) 712-2215
Website: www.georoxresources.com

Cautionary Note:

Neither TSX Venture Exchange nor its Regulation Services Provider (according to the definition of the term in the policies of the TSX Venture Exchange) take responsibility for the adequacy or accuracy of this release

No stock exchange, Securities commission or other regulatory authority has approved or disapproved the information contained in this press release.

Notes on forward-looking statements

Forward-looking statements

The statements in this document could be forward-looking information including assessment of the management of future intentions or operating activities, Reserve estimates and future total capital, which is consistent with the development of reserves in connection, Capital expenditure and Zeitpunkst of the publication of the financial results of the year 2011 contain. Readers are specifically noted, that the assumptions, which were used in the preparation of such information, could prove to be incorrect. Events or circumstances could cause, that actual results may differ due to numerous known and unknown risks, uncertainties and other factors of the forecasts. Many of them are outside the control of Georox. These risks include, among others, risks associated with the oil- and gas industry, Commodity prices and exchange rate changes. To the industry-specific risks include, among other things, operational risks in exploration, Exploration and production; Delays or changes in plans; Risks associated with the uncertainty of reserve estimates; Health- and safety risks; and the uncertainty of estimates and projections of production performance, Costs and expenses. The details of the production rate and reserves of oil- and natural gas liquids from Georox, are listed herein, is it only estimates and can not be guaranteed, that the estimated reserves can be recovered. In addition, forward-looking information are based on a variety of factors and assumptions, which were used in the preparation of such statements and information, however, prove to be incorrect könnten.Obgleich the Company believes, that the expectations, which are expressed in such forward-looking statements or information, appropriate, should not be relied upon forward-looking statements. The Company can not assure, that such expectations will prove to be correct. In addition to other factors and assumptions, could be determined herein, assumptions have been made on the following points: the impact of increasing competition; the general stability of the economic and political environment, in which the company operates; the timely receipt of necessary regulatory approvals; the company's assets, skilled workers, To obtain equipment and services quickly and cost; Drill; the ability of the operator of the projects, in which the Company has interests, the oil field in a secure, to operate efficiently and effectively; the company's ability, to obtain funds on acceptable terms; Flow rates and decline rates; the assets, the oil- and gas reserves through acquisitions, Development and exploration to replace and expand; the schedule and costs for the construction and expansion of pipelines, Storage facilities and equipment; the company's assets, ensure adequate transportation for its products; future commodity prices; Currency Prices, Exchange rates and interest rates; the regulatory framework with regard to taxes, Taxes and environmental matters in the jurisdictions, in which the company operates; and the company's assets, its oil- successfully discontinued and gas products. Readers are specifically noted, that the foregoing list of factors and assumptions is not exhaustive. For more information on these and other factors, that could affect the operating and financial results of the company, are reports, furnished to the Canadian securities regulatory authorities and available on SEDAR (www.sedar.com) or on the Company's website (www.georoxresources.com) can be viewed, to find.

Conversion ratio

There englische Begriff barrels of oil equivalent (Barrel Öläquivalent; „boe“) could , especially when considered in isolation, be misleading. The conversion ratio of 6.000 Cubic feet (6Mcf) Natural gas to 1 Barrels of oil equivalent based on an energy equivalency conversion method, which is applicable at the burner tip and does not necessarily represent primarily a value equivalency at the wellhead. All boe conversions in this report are derived by converting gas to oil in the ratio of 6.000 From cubic feet to one barrel of oil. Given, that the valuation ratio, based on the current price of crude oil versus natural gas,much of the energy equivalence of 6:1 deviates, , the application of a conversion on the basis of a ratio of 6:1 be misleading as an expression of the value.

Readers are specifically noted, that the assumptions, which were used in the preparation of such information, could prove to be incorrect. Events or circumstances could cause, that actual results may differ due to numerous known and unknown risks, uncertainties and other factors of the forecasts. Many of them are outside the control of Georox. Consequently, we can not guarantee, that forward-looking statements will be realized; Readers are therefore strongly advised to, not to rely on forward-looking information. Such information, although they were considered by the company's performance at the time of its creation as appropriate, may prove to be wrong. Actual results could differ materially from anticipated results. Forward-looking statements in this press release are expressly qualified by this cautionary note. The forward-looking statements in this release are valid at the date of this press release and assumes no liability Georox, any of the forward-looking statements as a result of new information, to update future events or otherwise publicly or revise; unless, it is required by applicable securities laws expressly.

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
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