Topaz Resources to Add More Oil Properties to Its Portfolio

Topaz Resources, Inc. (OTC: TOPZ) announced that it plans to add oil properties in the north and west Texas regions as part of its strategy to develop a balanced portfolio of oil and gas properties and to take advantage of the continuing high price of oil.

The press release is quoted as saying:

The U.S. Energy Information Administration Short-Term Outlook released September 8, 2010 has forecasted that prices for West Texas Intermediate oil, which is the price for the sale of oil produced by Topaz, will increase to a range of $80 to $85 per barrel during 2011.

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