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Last Post: 8/29/2014 5:00:09 PM - Followers: 10 - Board type: Free - Posts Today: 0

Innocent, Inc. (INCT) is a development stage oil and gas exploration and production company focused on developing properties in North America. The company plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties.

The company specializes in acquiring low risk, high upside properties with substantial exploration potential. Through improvements in oil and gas production technologies, Innocent aims to rapidly increase production levels and generate predictable, sustainable value. The business strategy utilized calls for both 100% acquisitions and joint-ventures to maximize production capacity.

Evergreen Petroleum, a joint venture partner, is working closely with the company to explore oil-bearing formations in Wyoming. Evergreen has conducted and will continue to conduct both regional and local geological studies to define prospects that are worthy of acquiring oil and gas leases. By partnering with industry experts such as Evergreen, Innocent has strategically added extensive technical guidance and field management experience.

Even during challenging times, the world depends on oil & gas exploration and production companies to deliver millions of barrels of oil every day. Increased demand from emerging countries such as China further escalates competition for this precious resource. Backed by an experienced group of professionals, Innocent is well positioned to generate substantial revenues in the short and long term future.

 


Investment Highlights

  • Securing Strategic Joint-Venture Partnerships
    Seasoned Management with Diverse Experience
    Well-Positioned for Short and Long-Term Revenues
    Focused on Proved Petroleum Reserves

 


Powder River Basin JV

Innocent’s primary focus is on the Powder River Basin of Wyoming, particularly where the objective oil-bearing formations are less than 2,500 feet below the surface, though other prospective areas in Wyoming and South Dakota will be studied as well. In general, prospects will be direct offsets to former production or to wells with very good oil and gas shows. The expected lower API gravities of the oil will require secondary recovery via water, gas, or other floods including steam or fire flooding. Also, new methods of radial horizontal drilling in the reservoirs will be utilized.

Evergreen, which has over 150 years of experience in the oil and gas industry, will be the general manager of the exploration project. Evergreen will be responsible for selecting areas to lease, drilling exploratory wells, drilling development wells, and producing oil and gas found. Evergreen has conducted and will continue to conduct both regional and local geological studies to define prospects that are worthy of acquiring oil and gas leases. Preliminary examinations of title to the minerals in these selected areas and the acquisition of said leases will be carried out for and on behalf of Innocent and Evergreen by Pacer Energy LLC of Gillette, Wyoming.

The operator of the drilling venture will be L & J Operating Inc. of Gillette, Wyoming, which will be responsible for obtaining the required bonds, preparing the joint operating agreement A.A.P.L. Form 610 - 1989, selecting all contractors and suppliers, payment of all invoices, sale of produced oil, payment of Ad Valorem, conservation, severance taxes and payment to the Parties of their net income on a monthly basis. Innocent will engage engineering and geological consultants as required. All the activities of the operator shall be under the supervision of Evergreen and Innocent, including daily and other interval reports.

 


Wyoming Petroleum

According to the Petroleum Organization of Wyoming, the petroleum industry has been exploring for oil and gas in Wyoming for more than 129 years. In 1884 the first oil well was drilled southeast of present day Lander. During 2012, 1,031 wells were drilled and completed.

Of that number, 27.6% found oil, 57.4% found gas, and 14.9% were dry holes. Sixty-three new field wildcat wells, those drilled in unproven areas, were drilled in 2012. In 2012, 74.6% of wildcat wells found oil or gas.

The deepest well drilled in Wyoming to date was a 25,764-foot dry hole. The deepest producing well is a gas well drilled to 24,877 feet. The 2012 monthly average rig count was 47; the 1995 average of 23 was the lowest since WWII. In 1981, the all-time record year for rotary rig activity in Wyoming, there was an average of 192 units working monthly.

At the beginning of 2011 Wyoming ranked 10th in the nation in proved reserves of crude oil and second in natural gas proved reserves. Surpassing the highest level reported in Wyoming’s history in 2009, reserves for 2010 are 36.75 trillion cubic feet. 1960 was the largest year for crude oil reserves.

AVERAGE MONTHLY RIGS WORKING PRODUCTION

Crude oil and/or natural gas were produced in 22 of Wyoming’s 23 counties during 2012. For a gas well, the average was 201 Mcf’s per day; oil well was 14 barrels.

REFINING AND TRANSPORTATION

In 2012 there were five operating refineries in the state with a capacity to refine 171,000 barrels of crude oil each day. Today, there are approximately 100 companies operating more than 27,300 miles (does not include all gathering lines) of pipelines in Wyoming carrying crude oil, natural gas or petroleum products. Petroleum pipelines are located in all of the state’s 23 counties.

RESERVES

At the beginning of 2011 Wyoming ranked 10th in the nation in proved reserves of crude oil and second in natural gas proved reserves.

PRODUCTION

In 2012, sales of crude oil production totaled 57.3 million barrels, up 5.91% from 2011. Sales of natural gas production in 2012 totaled 2,004 trillion cubic feet down 6.94% from 2011. Nationally, Wyoming ranked seventh in production of crude oil and third in natural gas production during 2012.

 


Management

Wayne Doss - Director and CEO

Wayne Doss has served as CFO and CEO for more than 25 years in both public and private companies, including Keller Industries, a $250 million building products company with over 4,000 employees, where he was CEO for nine years. Over the past five years Doss has consulted and served various capacities assisting small public companies with start-ups, interim officer positions, accounting issues and regulatory filings. Doss is a graduate from the University of Maryland with degrees in accounting and business management.

 

Patrick J. Johnson - Director and COO

Patrick Johnson was a journalism and communications major at the University of Oregon from 1994 to 1997, and attended the Craig James Broadcast School in 2000. Johnson has always had an eye for developing new companies with upside potential, and has had a wide variety of experience in several key areas. In 2002 Johnson created Pro Select Technology Consulting, a consulting firm focused on project managing custom home technologies such as smart homes and theater systems. Next was Select Source International, an executive search firm whose primary focus was in coordinating the hiring of pharmacists for various corporations in both temporary and permanent positions.

Since then, Johnson has held C-level positions in the oil and gas, consumer products, and neutraceutical industries in both public and private sectors, as well as consulting in the private equity, mining, gaming, entertainment, Internet, construction and corporate finance industries. Patrick has assisted several charities and non-profit organizations with his volunteer and fund raising efforts. Johnson founded The Patrick Johnson Foundation, a not-for-profit organization in 2003.It is dedicated to public service in the work of children’s and veteran’s hospitals, and seeks to eradicate joblessness by providing scholarships and job training initiatives to high school and college students, military veterans, single mothers and the formerly incarcerated in the ethical and socially constructive integration of sports and business.

During his NFL career, Johnson pledged money for the Baltimore Ravens/Police Athletic League Challenge of Champions, and also modeled in a Tommy Hilfiger Fashion Show to help raise money for the Living Classrooms Foundation of Baltimore, an educational program that targets at-risk youth, and also spearheaded the fifth annual “Baltimore Reads Books for Kids Day” at Baltimore Polytechnic High School in 2000, helping the group collect nearly 25,000 children’s books that were distributed to low-income families. In 2003 while playing for the Washington Redskins, he interned with GOPAC, a political action committee designed to train candidates for grassroots-level campaigning. He has accepted several keynote speaking engagements and is an accomplished broadcast journalist and published writer, having authored/co-authored articles in Worth, Overtime, and Dancetrack magazines as well as co-hosted and appeared as a guest analyst for many sportstalk radio and television shows.

Patrick was a two-sport athlete at the University of Oregon, excelling in both football and track, winning numerous awards and championships during his collegiate athletic career. As an Olympic-caliber sprinter, Johnson won the Pac-10 Championships in the 400 meters, an NCAA All-American at 100 and 200 meters, and defeated the legendary Carl Lewis in a 100-meter race at the Drake Relays in 1995. As an All-American wide receiver at Oregon, he was Offensive MVP of the 1997 Las Vegas Bowl and was also a member of UO’s 1994 Rose and 1995 Cotton Bowl teams. Johnson was the 42nd overall pick in the 1998 NFL draft and earned a Super Bowl ring when the Baltimore Ravens defeated the New York Giants 34-17 in Super Bowl XXXV.

 

Wayne Doss - Director and CEO

Wayne Doss has served as CFO and CEO for more than 25 years in both public and private companies, including Keller Industries, a $250 million building products company with over 4,000 employees, where he was CEO for nine years. Over the past five years Doss has consulted and served various capacities assisting small public companies with start-ups, interim officer positions, accounting issues and regulatory filings. Doss is a graduate from the University of Maryland with degrees in accounting and business management.

 

Technical Team

George Wulf

George Wulf is a petroleum engineer and geologist with 58 years of experience in the oil business. Upon receiving his B.S. degree in Engineering in 1951, Wulf worked on a seismic crew contracted out to Texaco. During this time he mapped the Donkey Creek anticline on which the first commercial Minnelusa oil field was discovered. After a tour in Korea as a combat engineer, he was assigned to Tokyo, Japan, and cleared for top secret geological and engineering studies for the U.S. military in Korea, Taiwan, China, and the northern coast of Japan. He left the military in 1955 and began work for Mobil Oil as a research geophysicist after receiving his M.S. degree in geology. Using seismic stratigraphy, in 1957 he mapped the Muddy sand bar in southeastern Montana which became the 300 million bbl Bell Creek Field. After several years in North Africa with Mobil mapping limestone porosity zones with seismic and other assignments, he joined Pan American Petroleum in Casper and managed their farmout drilling operations before becoming an independent operator of 202 drilling ventures in the Rockies and in Southeast Asia. He discovered the Edgemont Minnelusa Field and was a partner with Sun Oil in the discovery and subsequent steam flooding of the Burnt Hollow Minnelusa Heavy Oil Field. He holds university degrees in engineering, geology and law and resides in the Dallas, Texas, area.

 

Joe Banks

Joe Banks in the past 52 years has been involved in the drilling of 1522 Minnelusa wells as operator, supervisor of drilling operations, drilling contractor, and mud engineer. Also he has operated numerous Minnelusa producing properties in northeastern Wyoming. He was born and raised in Cleveland, Texas, and moved to Gillette, Wyoming, as an engineer for Magcobar in 1958. He is highly qualified to manage Evergreen’s drilling and producing operations. He personally knows all of the contractors and oil field suppliers working out of Gillette which is very helpful in arranging for services and negotiating contracts.

 


Innocent, Inc.
3280 Suntree Blvd., Suite 105
Melbourne, FL
Phone: (828) 702-7687
www.InnocentInc.com
Info@InnocentInc.com

QualityStocks
3370 N. Hayden Rd. Suite 123-591
Scottsdale, AZ 85251
Phone: (480) 374-1336
www.QualityStocks.net
Editor@QualityStocks.net

QualityStocks is a moderator of this board and has the ability to edit this section as well as remove posts from the board. Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net

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INCT News: Current Report Filing (8-k) 08/07/2014 12:47:54 PM
INCT News: Current Report Filing (8-k) 07/24/2014 05:11:11 PM
INCT News: Current Report Filing (8-k) 07/23/2014 04:49:32 PM
INCT News: Amended Quarterly Report (10-q/a) 07/11/2014 02:09:42 PM
INCT News: Quarterly Report (10-q) 07/10/2014 05:23:55 PM
PostSubject
#504   Panther Energy Inc., PNEG changed to Falcon Crest Renee 08/29/14 05:00:09 PM
#503   PNEG Acquires Leasehold in Powder River Basin QualityStocks 08/25/14 09:49:31 AM
#502   PNEG Announces Name Change to Falcon Crest Energy QualityStocks 08/21/14 09:11:01 AM
#501   PNEG Positioned as the Energy Industry Becomes Convinced QualityStocks 08/12/14 12:10:42 PM
#500   PNEG Announces Ticker Symbol Change and Reviews Recent Achievements QualityStocks 08/05/14 10:39:35 AM
#499   Innocent Inc., INCT changed to Panther Energy Inc., PNEG: Renee 08/04/14 05:08:39 PM
#498   INCT Daily chart, Golden cross coming on daily, massivegains10 08/04/14 10:33:08 AM
#497   INCT Files to Change Name to Panther Energy QualityStocks 07/31/14 09:24:40 AM
#496   INCT Shares in Wyoming’s Long Energy History QualityStocks 07/29/14 10:07:57 AM
#493   $INCT Tradingstockdotbiz 07/21/14 01:26:05 PM
#492   Did they recognize that they have changed the DaReal 07/21/14 09:38:45 AM
#491   Namechange on NVSOS to: Panther Energy, Inc. DaReal 07/21/14 09:32:01 AM
#490   INCT Seats Peter Kent on Company’s Advisor Council QualityStocks 07/21/14 09:31:07 AM
#489   INCT With more volume could see big jump today geraldr 07/21/14 12:08:56 AM
#488   INCT Oil gold gas is where its at geraldr 07/21/14 12:01:08 AM
#487   Innocent Inc. Due Diligence/ mick 07/20/14 04:18:08 PM
#486   INCT - Intraday Bottom Bounce? Chrion Capital 07/14/14 01:58:27 PM
#485   INCT Places Denis Clement in Advisory Council Seat QualityStocks 07/14/14 09:21:36 AM
#484   INCT Appoints Scott Davis as Inaugural Advisory Council Member QualityStocks 07/08/14 09:31:04 AM
#483   INCT Stands to Benefit from Rapidly Evolving Powder QualityStocks 07/07/14 04:05:47 PM
#482   Here ia another QualityStocks stock scam. You anounce StockdungU 06/30/14 12:22:59 PM
#481   INCT Leadership Overhaul and Experienced Local Partners Make QualityStocks 06/30/14 11:04:34 AM
#480   INCT – An Oil & Gas Company Pursuing QualityStocks 06/17/14 01:38:15 PM
#479   Innocent, Inc. (INCT) Taps James Kerr as Chief QualityStocks 06/10/14 11:30:47 AM
#478   INCT Announces Management Team Restructuring QualityStocks 06/04/14 09:12:49 AM
#477   INCT Keeps IP Collection Close QualityStocks 05/29/14 08:32:22 AM
#476   New Drilling Technologies Add Fuel to Flaming Oil QualityStocks 05/22/14 07:41:13 PM
#475   INCT Geared Up to Exploit Resurgent Wyoming Oil QualityStocks 05/16/14 06:17:34 PM
#474   INCT Well-Positioned to Capture Share of Wyoming’s Second QualityStocks 05/09/14 11:33:51 AM
#473   INCT Focused on Proved Reserves, Tight Cost Controls QualityStocks 05/02/14 11:01:15 AM
#472   INCT Minimizes Risk, Maximizes Profits QualityStocks 04/24/14 01:21:52 PM
#471   INCT Aligns with Specialists in Oil and Gas QualityStocks 04/16/14 05:46:06 PM
#470   Even Industry Experts Agree, INCT is Looking to QualityStocks 04/10/14 09:57:01 AM
#469   Powder River Basin Potential Key to Long-Term Growth QualityStocks 04/03/14 09:46:36 AM
#468   INCT Looks to Powder River Basin of Wyoming QualityStocks 03/28/14 11:11:48 AM
#467   INCT Partners with Industry Experts for Oil and QualityStocks 03/19/14 03:38:12 PM
#466   Wyoming’s Powder River Basin Points Reveals Growth Opportunities QualityStocks 03/11/14 10:50:08 AM
#465   INCT Focusing on Powder River Basin for Strategic Growth QualityStocks 03/04/14 08:51:13 AM
#464   INCT Poised For Growth with Experience at the Helm QualityStocks 02/25/14 01:40:13 PM
#463   INCT Relies upon Diverse and Experienced Talent for QualityStocks 02/18/14 02:45:52 PM
#462   INCT Digging Foothold in Wyoming’s Resurgent Oil and QualityStocks 02/10/14 02:15:45 PM
#461   INCT Focusing on Huge Powder River Basin for QualityStocks 02/03/14 03:33:06 PM
#460   INCT Uses Narrow, Clearly Focused Business Strategy for QualityStocks 01/28/14 04:25:30 PM
#459   INCT Backed by Diversified Leadership, Technical Teams QualityStocks 01/21/14 01:39:17 PM
#458   INCT President and CEO Announces 2014 Company Business Model QualityStocks 01/13/14 01:03:12 PM
#457   INCT Utilizes Expertise of Key Industry Figures to QualityStocks 01/06/14 03:21:58 PM
#456   14-page Investor Relations Kit is Now Available QualityStocks 12/30/13 02:31:00 PM
#455   INCT Depends Upon Critical Mix of Technical and QualityStocks 12/26/13 09:39:19 AM
#454   INCT Outlines Scalable Strategy to Achieve Corporate Goals QualityStocks 12/16/13 01:42:44 PM
#453   INCT Targets Massive Powder River Basin QualityStocks 12/09/13 01:23:38 PM
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