2008-07-14 15:17:00
PALESTINE, Texas–(EMWNews)–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.
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Wentworth Energy, Inc. |
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