Neuro-Hitech, Inc. (OTC Pink: NHPI) (PINKSHEETS: NHPI), The Company, is pleased to announce we have completed reworking an additional two wells and have turned them on and they are producing. The Company has now reworked a total of four wells on the leases and currently has eight wells on the M.V.Keller Leases producing. The current reworks are all shallow wells that are producing out of the Gunsight Formation. The Gunsight formation runs across the lease and is located less than 2,000 feet from the surface. The M.V. Keller Lease A. and the M.V. Keller Lease B. are contiguous and total roughly 153 acres in Young County, Texas.
All of the lease roads been resurfaced allowing for all weather access. The electrical has been examined additional lines have been run and either repaired, and or replaced.
The Company has also repaired the existing tank batteries and added two new tank batteries on the lease to hold current production and to allow for additional production as it comes on board.
"We are very excited about the success of our first lease. We should see additional production as we continue to work over additional wells on the lease and begin drilling at deeper depths in the near future," stated Mr. Thomas, President of NHPI.
Safe Harbor Statement:
This news release includes forward-looking statements pertaining to future anticipated projected plans, performance and developments, intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Any statements on this news release that are not statements of historical fact should be considered forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "intends," or other words or phrases of similar import. Similarly, statements in this news release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Investor Inquiries:
Neuro-Hitech, Inc.
PTHOMAS@MCRAMERICAN.COM
SOURCE: Neuro-Hitech, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
NHPI_3-13-14_SMU_ETL.docx
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