WW Energy Updates Information on Three Wells in Borden County, Texas
December 27 2007 - 5:00AM
Business Wire
WW Energy Inc. (Pink Sheets: WWNG) reported today the two wells
have produced in excess of 46,000 barrels of oil. The porosity
shows better going toward the west. The Swepi Gray is across the
road due west of the Gray property; they border each other. We plan
to set a directional shoe in wells #1 & #3 and implement a
blast cutting tool that will cut a 4.5 inch horizontal hole in four
different directions (four 50-foot horizontal legs). The blast
cutting tool will increase and expose more of the formation's face
and producible area. The current formation production zone is 40-50
feet thick, per well, the procedure will render approximately
200-250 feet thick. Total present Borden County field statistics
and R.R.C. district 8-A September 2007 production totals 9.3
million barrels of oil and 1.85 BCF of gas per month. After
reworking of wells, we estimate production to be 20-50 barrels per
day each. Today�s oil price is approximately $90.00 per barrel. Gas
price is approximately $6.00 per 1000 CF. WW Energy Inc. is a
holding company that was created to acquire oil and gas service
companies, as well as oil and gas-related assets. Forward-Looking
Statements A number of statements contained in this press release
are forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements involve a number of risks
and uncertainties, including timely development, and market
acceptance of products and technologies, competitive market
conditions, successful integration of acquisitions and the ability
to secure additional sources of financing. The actual results of WW
Energy Inc. may achieve could differ materially from any
forward-looking statements due to such risks and uncertainties,
including, but not limited to, the fact that no assurance can be
given that any proposed acquisitions will be consummated at all.
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