Kabe Exploration Inc. Letter to Shareholders
SAN DIEGO--(BUSINESS WIRE)-- Kabe Exploration, Inc. (OTCBB: KABX) (the "Company") has sent the following letter to its stockholders:
Dear Kabe Stockholder,
I am pleased to inform you that we have filed our Form 10-K Annual Report for the year ended December 31, 2012 and changed our status from a shell company to an operating company. We are currently developing our oil & gas assets in the Mississippi Lime. We are currently in a pre-production phase and are gearing up our drilling team for full production development. We have set a target date of June-July 2013 to begin drilling test wells in target zones.
"I have committed funds from my personal capital to the growth of this Company through acquisition of real assets and hiring a drilling team to implement strategic drilling plans," says Erik Ulsteen, CEO. Our management team hopes to develop a great independent oil and gas concern.
About Kabe Exploration Inc.
Based in San Diego, California, Kabe Exploration Inc. is an oil & gas exploration and development company that acquires mineral rights in prolific shale plays for production.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
KEYWORDS: United States North America California
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