September 5, 2013: Vancouver, BC – Goldeneye Resources Corp. (TSXV: GOE) (the “Company” or “Goldeneye”) provides the following update on its Keyes Dome light oil appraisal and development project in Cimarron County, Oklahoma.
The Company has received the updated independent Reserves and Resources Report in accordance with NI 51-101 from Gustavson Associates, and the Keyes Dome project continues to demonstrate production opportunities that warrant further drilling work.
The Company was unable to utilise the Jenkins well re-entry as initially intended to access the Spergen target zone. The shallower St. Louis was swab tested and after multiple swabs over 5 days, it was determined that the zone is unable to produce economically due to historic problems with the well.
John A Reeves, Jr., CEO commented, “This is a disappointing result for this first well for the Keyes Dome project but in the opinion of the Goldeneye team, it is not reflective of production opportunities elsewhere in the field. The Company, utilizing the knowledge gained from the Jenkins well, is determining the location for its next well targeting the St. Louis, Spergen, and Osage zones.”
About Goldeneye Resources Corp.:
Goldeneye Resources Corp. is an emerging junior resource company focused on rapid growth and sustainable production based cash flow for shareholders.
ON BEHALF OF THE BOARD
John A. Reeves, Jr., CEO
We seek safe harbor.
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