GSV, INC. 
By
The well is a re-entry to an existing well. The expected dry hole cost of
the well is around
GSV's working interest share through Century Royalty is 11.9%. It may be that up to 3 additional wells will be required in order to tap into the reserves should the well prove successful.
In the event that the wells drilled in these prospects are dry, GSV may
decide to write off some or all of its interest in the geological studies that
Century Royalty holds that pertains to the
About GSV, Inc.
GSV, Inc. owns investments in oil and gas assets. In addition to managing its current assets, GSV is actively seeking new acquisition opportunities in this industry.
Forward-Looking Statements
Some of the statements in this press release are forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements about our plans, objectives, expectations, intentions and assumptions that are not statements of historical fact. You can identify these statements by the following words:
-- "may"
-- "will"
-- "should"
-- "estimates"
-- "plans"
-- "expects"
-- "believes"
-- "intends"
and similar expressions. We cannot guarantee our future results, performance or achievements. Our actual results and the timing of corporate events may differ significantly from the expectations discussed in the forward-looking statements. You are cautioned not to place undue reliance on any forward- looking statements. Potential risks and uncertainties that could affect our future operating results include, but are not limited to, our limited operating history, history of losses, need to raise additional capital, and the high risk nature of our business, as well as other risks described in our most recent annual report on Form 10-KSB filed with the Securities and Exchange Commission.
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