Wentworth Energy Announces Recompletion of Shiloh #3 Well in Freestone County, Texas
14 Julho 2008 - 5:17PM
Business Wire
Wentworth Energy, Inc. (OTCBB:WNWG) today announced the
recompletion of the Shiloh #3 well in Freestone County, Texas from
the Cotton Valley zone to the Rodessa formation. The Rodessa is a
carbonate reef formation that is a proven productive interval in
the area. The well has a stabilized daily flow rate of 950 MCF of
gas and 8 barrels of oil on a 14/64th choke. The flowing tubing
pressure is 650 psig and the calculated AOF (Absolute Open Flow) is
1.2 million cubic feet per day. The Shiloh #3 well is located on
Wentworth Energy's 27,557-acre mineral block in east central
Freestone County in East Texas. Wentworth Energy owns a 38.50% net
revenue interest in the well and is the operator of the well.
Wentworth Energy is currently evaluating possible offset drilling
locations for additional Rodessa wells. Wentworth is also
evaluating the Rodessa zone in existing well bores on the Company�s
Anderson County, Texas acreage for possible recompletion. About
Wentworth Energy, Inc. Wentworth Energy is an independent
exploration and production company focused on developing North
American oil and natural gas reserves. The Company owns a
27,557-acre mineral block in east central Freestone County and west
central Anderson County in the active East Texas Basin. 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," "feels," "anticipates" 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 U.S.
Investors are urged to consider closely the disclosure in our Form
10-KSB for the fiscal year ended December 31, 2007 and Form 10-QSB
for the quarterly period ended March 31, 2008 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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