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Wentworth Energy, Inc. (WNWG)

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Last Post: 1/20/2015 11:02:05 AM - Followers: 130 - Board type: Free - Posts Today: 0


 

258,928,345  Oustanding as of January 25, 2011

300,000,000 shares authorized
Warrants Outstanding at March 31, 2008 88,951,468 $0.23


  http://www.wentworthenergy.com


Wentworth Energy Inc. is a diversified energy company focused on the responsible development of America's natural resources while providing maximum shareholder value. Wentworth Energy will apply innovative technologies towards the discovery and development of a diverse portfolio of high value, low risk energy projects such as the Company's opportunities in the Texas Barnett Shale gas play, the prolific oil and gas fields of the Gulf Coast, and the oil sands of eastern Utah.



In November 2006, we signed two three-year Oil, Gas & Mineral Leases and a Joint Operating Agreement with Marathon Oil Company and its affiliate (together, "Marathon") to explore approximately 9,200 acres of the P.D.C. Ball Property in Freestone County, Texas. The agreements give Marathon the right to drill deep gas wells on the property (below 8,500 feet) and the opportunity to partner with us on drilling upper zones (above 8,500 feet) on a 50/50 basis. We retained a 21.5% royalty interest in any revenue generated from the property below 8,500 feet and a 23% royalty interest in any revenue generated from the property above 8,500 feet. As part of the agreement, we acquired a seismic license giving us access to all seismic data collected during Marathon's three-year lease. On the Marathon Leased Property, the first shallow well (Red Lake #1R) (above 8,500 feet) was drilled in December 2006 and
began production in March 2007. During October 2007, we suspended production on this well due to excessive water production. Total volume of gas produced was 64 MMCF. Our engineers are currently considering various remedial actions. If gas production cannot be economically restored, we will consider converting it to a salt water disposal well or abandon it.

Marathon reportedly gathered seismic data during 2007 and identified drilling locations for deep wells within the lease. We understand a location to drill the first deep well was identified by Marathon and drilling is expected to commence during the second quarter of 2008.

 

EAST TEXAS MINERALS

The company has 90% ownership of the fee minerals in 27,557 gross acres in Anderson and Freestone Counties of East Texas. The mineral block is on trend with the three active areas of East Texas, the Bossier Sand, Cotton Valley Haynesville, and the Cotton Valley Pinnacle Reef Trend. Activity within these trends has been high for years and is projected to continue.

In addition to these highly active trends, the minerals are favorably situated for the traditional formations of the Woodbine, Rodessa/Pettit and Travis Peak. Opportunities exist on the minerals to exploit these shallower formations to develop cash flow streams to sustain future operations. Wentworth Energy believes that these minerals are significantly underdeveloped. Prospect mapping is currently underway and has identified several high potential prospects slated for development in the near future along with newly acquired 3-D Seismograph that will greatly enhance 2010 with new deep drill sites in Freeston County.



EAST TEXAS WELL (POLK COUNTY)

Wentworth Energy, Inc. owns an 82.5% working interest in a 12,450-foot oil and gas well in Polk County, eight miles north of Livingston, Texas. In July, the Company announced that it had successfully re-entered and re-stimulated the well and recorded average production of 120 BOPD and 250 MCFGPD with a flowing tubing pressure (FTP) of 1,600 psi on a 10/64ths choke. The Company is in the process of installing a tank battery for the well and laying a gas line to connect the well to a gas purchaser. During the re-stimulation on July 14, 2006 approximately 60,000 pounds, of a planned 100,000 pounds of sand, were pumped into the Woodbine formation resulting in the stabilized flow rates. Wentworth Energy has been conducting a $1.6 million re-entry program on the well since mid-April.
 

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Filings

8-K from 24th Feb. 2010 (new Board Member): http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7076695

8-K from 18th Jan. 2010 (new CFO): http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7008179

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http://www.reuters.com/finance/stocks/companyOfficers?symbol=WNWG.OB&WTmodLOC=C4-Officers-5


 



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Here are the old Sticky Posts

#7614  Sticky Note I definitely think it's a sign of things J U ICE 12/23/10 01:07:04 PM
#7600  Sticky Note T/A called and confirmed OS 247 million and uponstocks4me 12/23/10 06:31:05 AM
#2429  Sticky Note Just thought i'd repost the BIG news in boomdoom86 07/27/10 06:25:02 PM
#446  Sticky Note WAITING ON PERMIT TO DOUBLE GAS PRODUCTION! Brakens IslandTrader 04/19/10 12:46:31 AM 

 
#7818 I've been in this stock for about a IslandTrader 01/02/11 08:09:37 PM 
#7818 I've been in this stock for about a IslandTrader 01/02/11 08:09:37 PM 
#7818 I've been in this stock for about a IslandTrader 01/02/11 08:09:37 PM 

 

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WNWG
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PostSubject
#13616   No trades for a week now. Is there Dan321 01/12/15 11:06:31 AM
#13615   Nice Bid support. L2 looks nice all the zetsumei101 01/12/15 09:54:35 AM
#13614   Pretty quite around here. only noise is folks selling. zetsumei101 01/07/15 10:54:32 AM
#13613   0005 ready... 0006 coming l2 hunter 01/05/15 02:36:32 PM
#13612   Showing 649 now. zetsumei101 01/05/15 02:26:05 PM
#13611   750k@0005 left l2 hunter 01/05/15 01:33:58 PM
#13610   good entry pps i think. l2 hunter 01/05/15 10:47:00 AM
#13609   I'm in @ .0005. Dan321 01/05/15 10:41:31 AM
#13608   yes 298m O/S. 0005x0006 l2 hunter 01/05/15 09:56:05 AM
#13607   Is the O/S still around 300,000? WNWG looks Dan321 01/05/15 08:59:07 AM
#13606   36 MONTH CHART >>> l2 hunter 01/04/15 12:57:59 PM
#13605   6 MONTH CHART >>> l2 hunter 01/04/15 12:57:03 PM
#13604   3 MONTH CHART >>> l2 hunter 01/04/15 12:56:32 PM
#13603   2015 WNWG R/M YEAR tictactuc 01/04/15 12:55:39 PM
#13602   WNWG so far under radar. players realize a l2 hunter 01/04/15 12:54:52 PM
#13601   100% agree. this is a big sign. R/M l2 hunter 01/04/15 12:53:33 PM
#13600   WNWG after 36 month without any update with tictactuc 01/04/15 12:52:25 PM
#13599   think not much players read this great O/S news. tictactuc 01/04/15 12:51:17 PM
#13598   Empire Stock Transfer Inc. l2 hunter 01/04/15 12:48:37 PM
#13597   WNWG Par Value 0.001 l2 hunter 01/04/15 12:47:53 PM
#13596   WNWG Shares Outstanding 298,796,475 a/o Oct 31, 2014 l2 hunter 01/04/15 12:47:31 PM
#13595   WNWG Market Value1 $119,519 a/o Jan 02, 2015 l2 hunter 01/04/15 12:47:14 PM
#13594   still wait for next news. tictactuc 01/04/15 11:01:34 AM
#13593   hold my bag. tictactuc 01/04/15 11:00:38 AM
#13592   yes, WNWG is ready. only matter of time now. l2 hunter 01/04/15 10:25:21 AM
#13591   300 million A/S tictactuc 01/03/15 01:29:57 PM
#13590   298 million outstanding tictactuc 01/03/15 01:29:20 PM
#13589   Yes WNWG $$$$ tictactuc 01/03/15 01:28:20 PM
#13588   3-Month 0.0008 on 11/18/14 0.0001 on l2 hunter 01/03/15 12:53:20 PM
#13587   6-Month 0.0008 on 11/18/14 0.0001 on l2 hunter 01/03/15 12:53:02 PM
#13586   12-Month 0.0008 on 11/18/14 0.0001 on l2 hunter 01/03/15 12:52:31 PM
#13585   Year to Date 0.0005 on 01/02/15 l2 hunter 01/03/15 12:52:08 PM
#13584   WNWG 01/02/15 0.0003 0.0005 0.0003 0.0004 unch unch 413,800 l2 hunter 01/03/15 10:54:46 AM
#13583   WNWG 12/31/14 0.0004 0.0004 0.0004 0.0004 -0.0001 -20.00% 74,600 l2 hunter 01/03/15 10:54:26 AM
#13582   WNWG 12/30/14 0.0005 0.0005 0.0005 0.0005 +0.0001 +25.00% 500,000 l2 hunter 01/03/15 10:54:11 AM
#13581   WNWG 12/29/14 0.0004 0.0004 0.0003 0.0004 +0.0001 +33.33% 4,215,400 l2 hunter 01/03/15 10:53:37 AM
#13580   WNWG 12/23/14 0.0003 0.0003 0.0003 0.0003 unch unch 800 l2 hunter 01/03/15 10:53:19 AM
#13579   Chart >> tictactuc 01/03/15 09:51:38 AM
#13578   0008 52 weeks high ready to go. tictactuc 01/02/15 04:37:52 PM
#13577   WNWG next week breakout? tictactuc 01/02/15 04:36:46 PM
#13576   WNWG timebomb. just wait. huge turn coming. l2 hunter 01/02/15 02:14:15 PM
#13575   WNWG can fly any day. glat to be in. tictactuc 01/02/15 12:46:53 PM
#13574   1x0005 1x0007 1x0009 tictactuc 01/02/15 12:44:19 PM
#13573   0005 up 1 left... WNWG rising quietly l2 hunter 01/02/15 11:51:45 AM
#13572   375k@0005 left l2 hunter 01/02/15 10:26:06 AM
#13571   0004-5-6 bottom entry range tictactuc 01/02/15 09:08:53 AM
#13570   Maybe timing just about right? chuckrmon22 01/02/15 08:25:57 AM
#13569   yes, i watch also WNWG long time. the l2 hunter 01/02/15 08:10:21 AM
#13568   GM Hunter...good to see you here. chuckrmon22 01/02/15 08:00:16 AM
#13567   GM WNWG l2 hunter 01/02/15 07:11:52 AM
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