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Odyssey Petroleum is an emerging oil and gas exploration company focused on developing significant oil and natural gas reserves in the southern United States. When oil and gas prices were low, the company aggressively bought participation in exploration and development fields located primarily in the Mississippi Interior Salt Basin.
Current reserves of 34 million barrels of oil and 97 million MCF of gas
Odyssey is growing its operations to 1,000 plus barrels of oil per day by exploiting the potential of its low risk Puckett, Pelahatchie, Verba and Barber Creek Mississippi oil and gas fields. During 2008 and 2009 the company will be drilling and developing its major Mississippi oil and gas reserves. By applying the latest geophysical and geological technologies when selectively drilling its new wells, the company reduces the risks typically associated with oil and gas exploration.
The growth of Odyssey’s revenue will come from its proven, probable and possible reserves of more than 34.6 million barrels of oil and 97.5 million MCF of gas, which
have a potential future revenue of $978 million. This data has been published in Odyssey’s NI 51-101.
With the continuing rise of oil prices worldwide, management believes that Odyssey's financial future is very bright.
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