Wentworth Energy, Inc. (OTCBB:WNWG) announced today that it has successfully drilled its fourth well on its 27,557-acre mineral block in Freestone County, Texas. The Red Lake Gas Unit #2-W (#2-W) well is one of four wells drilled by Wentworth Energy during the Company�s initial East Texas drilling program between September and December 2006. The Company is now completing the #2-W well, which will include an independent four point test conducted as per Texas Railroad Commission regulations to determine the estimated flow rate and the reserves of the well. Plans are to use a workover rig to simultaneously complete the third well, the Red Lake Gas Unit #1-R, which was also drilled in December. The Red Lake Gas Unit #2-W well was successfully drilled to a total depth of 5,514 feet and a logs were run from total depth to the base of the surface casing. Sidewall cores were taken to analyze several intervals in the Woodbine and Dexter (4,992-5,215�). The #2-W well encountered over 90 net feet of potential pay in the Woodbine formation and successfully extended the proved limits established by Wentworth Energy�s discovery well (No.1 Brakens' well). Excellent oil shows were reported in the Woodbine and casing is now being set. Similar to the Red Lake Gas Unit #1-R well, the #2-W well has six prospective zones, three within the Lower Woodbine/Dexter interval, and two zones within the Woodbine formation including one zone that is currently perforated and tested gas on Wentworth Energy's first discovery - the No. 1 Brakens' well, and a Sub-Clarksville sand. �As with the earlier wells, multiple geological intervals are hydrocarbon saturated and will require extensive production testing which will commence shortly. When we have completed testing wells three and four we should be in a position to start estimating the potential reserves from our 2006 drilling program,� said Tom Temples, Wentworth Energy Vice President of Exploration and Production. �The #2-W well, which is located 3000 feet northwest of the Red Lake Gas Unit #1-R well, is the westernmost offset well drilled to date on our East Texas mineral block. It is particularly significant in that it proves the continuation of the reservoir to lower structural elevations and over a large area within the minerals.� About Wentworth Energy, Inc. Wentworth Energy owns a 27,557-acre mineral block in east central Freestone County and west central Anderson County in the active East Texas Basin, as well as an active oil and gas contract drilling company, Barnico Drilling Services, which has serviced East Texas drilling demand since the late 1970s. Wentworth Energy applies innovative technologies toward the discovery and development of a diverse portfolio of high-value, low-risk energy projects in North America, including the oil and gas fields of East Texas. Wentworth Energy trades under the ticker symbol WNWG. For more information on the Company visit www.wentworthenergy.com This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words �expects," "projects," "plans," and certain of the other foregoing statements may be deemed "forward-looking statements." Although Wentworth Energy believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors. Cautionary Note to U.S. Investors The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release such as "reserves," "proven," "undeveloped proven," "probable," "possible," "potential," and "recoverable," that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form SB-2, File No. 333-136878, available from us by contacting the Investor Relations Department. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
Wentworth Energy (CE) (USOTC:WNWG)
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