DALLAS, TX. July 16, 2014 /PRNewswire/ -- Central Oil & Gas Corporation of America (the "Company") today announced the that it has obtained the results of a third party valuation of its recently acquired Tiger 1522 oil and gas drilling and production. "We are very happy with the results of the independent valuation of our initial acquisition," said Jeff Guzy, Chief Executive Officer of the Company. "The reserve report supports our assumptions about the possible reserves for the oil exploration assignments that we can exploit and should support our case for full scale drilling.”

Central Oil & Gas Corporation of America is an independent, private and early stage oil and natural gas company formed to exploit and develop oil and natural gas properties in the continental Americas.

This release includes "forward-looking statements" within the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control. All statements, other than historical facts included in this release, are forward-looking statements. All forward-looking statements speak only as of the date of this release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements.

We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the exploration for and development, production, gathering and sale of oil and natural gas. These risks include, but are not limited to: the ability to finance the drilling and development of the project assets; the timing of the development of the project; commodity price volatility; inflation; lack of availability of drilling and production equipment and services; environmental risks; drilling and other operating risks; regulatory changes; the uncertainty inherent in estimating oil and natural gas reserves and in projecting future rates of production, cash flow and access to capital; and the timing of development expenditures.

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