DGAP-News: Worldwide Energies Inc.: SUCCESSFUL COMPLETION OF THE SECOND FRAC JOB ON THE FAYETTE ZONE OF THE KOON WELL ON 03/22/2010
(firmenpresse) - Worldwide Energies Inc. / Miscellaneous
14.04.2010 11:12
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
CORPORATE NEWS
WORLDWIDE ENERGIES, INC.
SUCCESSFUL COMPLETION OF THE SECOND FRAC JOB ON THE FAYETTE ZONE OF THE
KOON WELL ON 03/22/2010
Worldwide Energies, Inc. is happy to announce the successful completion of
the second 'frac job' in the Fayette zone of the so called KOON prospect.
Both gas zones the 'Lower Fayette' and the 'Upper Fayette' are producing
combined approx. 2.550.000 cubic feet per day. The work on the gas
pipeline has started.
The pipeline has been laid out for transportation of the gas for the first
well as above mentioned, as well as additional wells (according to the
production output of each well), which will be connected to the same
pipeline.
After completion of the pipeline and assuming there will be no unforseen
events, as weather or acts of god, we are expecting with production
starting around July/August 2010.
About Worldwide Energies, Inc.: Worldwide Energies, Inc. was founded in
2004 as an independent investment company focusing on oil- and
gas-exploration. The company's core business is the acquisition,
development and exploitation of oil and gas fields in the US with its
well-developed infrastructure, close-by sales markets and stable social and
political structures. Worldwide Energies, Inc. mainly invests in already
existing oil- and gas-exploration-projects or projects that can be realized
rapidly and especially in innovative technologies with a wide application
spectrum. The company's particularly low internal cost is due to lean
internal processes and the exploitation of value adding potentials right at
source. Worldwide Energies, Inc. spreads its entrepreneurial risk by
investing in a well balanced risk-portfolio in projects in various
development stages, including risky new exploration projects, the so-called
'wildcat-projects', the reactivation of known wells, the so-called
're-entry' with medium risk profile and also in low-risky already producing
wells.
Disclaimer / Forward-Looking Statements: This notice is only of general
nature and not meant as a tender to subscribe for or sell shares of
Worldwide Energies, Inc.. This notice contains forward-looking statements
under the U.S. Private Securities Litigation Reform Act of 1995. These
statements are based on current expectations, estimates and projections and
currently available information. They are not guarantees of future
performance. The statements contained herein which are not historical are
forward-looking statements that are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements,
including, without limitation, certain delays beyond the company's control
with respect to commen-cement of the exploration and production, risks and
uncertainties relating to foreign currency fluctuations; risks inherent in
exploration including environmental hazards, industrial accidents, unusual
or unexpected geological formations, ground control problems and flooding;
risks associated with the estimation of resources and reserves and the
geology, grade and continuity of deposits; the possibility that future
exploration, development or exploration or production results will not be
consis-tent with the companies' expectations; the inability or failure to
obtain adequate financing on a timely basis, the potential for and effects
of labour disputes or other unanticipated difficulties with or shorta-ges
of labour or interruptions in production; the inherent uncertainty of
production and cost estimates and the potential for unexpected costs and
expenses, commodity price fluctuations; uncertain political and economic
environments; changes in laws or policies, foreign taxation, delays or the
inability to obtain necessary governmental permits; and other risks and
uncertainties. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements.
Dover, April 14nd, 2010
Worldwide Energies, Inc.
14.04.2010 11:12 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 14.04.2010 - 11:12 Uhr
Sprache: Deutsch
News-ID 18995
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 423 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Worldwide Energies Inc.: SUCCESSFUL COMPLETION OF THE SECOND FRAC JOB ON THE FAYETTE ZONE OF THE KOON WELL ON 03/22/2010"
steht unter der journalistisch-redaktionellen Verantwortung von
Worldwide Energies Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
