Amazing Energy, Inc. would like to thank all the shareholders that were able to be a part of the Shareholder Update Meetings held on January 5th and January 10th. The January 5th meeting was held in Fort Worth, Texas with 21 shareholders attending. The January 10th meeting was held in Amarillo, Texas with 53 shareholders attending. Management thoroughly enjoyed the evenings of fellowship as well as the opportunity to give everyone an update as to the Company’s activities in 2011 and what is on the horizon for 2012.
The Company is pleased to announce the spudding of the WWJD B1 well located in the Permian Basin, in Pecos County, Texas. This well is located on the approximate 1,200 acres of additional acreage recently acquired. The Company is gearing up for increased activity in this area of Texas in 2012, and is excited to begin the year with the spudding of the above mentioned well. In the news update released on November 10, 2011, the Company mentioned the spudding of the WWJD #5. The Company is pleased to announce that the drilling phase of this well is complete with the final completion phase underway. The initial testing phase has begun for WWJD #5 as well as for the WWJD #1 and WWJD #4.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential", "estimate" and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors which could impact the Company. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.