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Wentworth Energy, Inc. (WNWG)

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Last Post: 11/25/2014 3:40:44 PM - Followers: 121 - Board type: Free - Posts Today: 47


 

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
#13045   WNWG without any diluted times last years. check l2 hunter 11/25/14 03:43:49 PM
#13044   possible about 250m float.. like paper for triple l2 hunter 11/25/14 03:43:13 PM
#13043   O/S 298M current. float not found. l2 hunter 11/25/14 03:42:38 PM
#13042   float 150-200 million shares? what you think? g40 11/25/14 03:41:53 PM
#13041   yep l2 hunter 11/25/14 03:41:05 PM
#13040   oderbook thiny. g40 11/25/14 03:40:44 PM
#13039   0008 is 3 month high. WNWG will fly soon. l2 hunter 11/25/14 03:39:38 PM
#13038   nice triple zero lotto stock g40 11/25/14 03:38:17 PM
#13037   WNWG less than 300M O/S now.... easy mover l2 hunter 11/25/14 03:36:59 PM
#13036   yes, chart in position. R/M news and $$$$$$$ l2 hunter 11/25/14 03:36:29 PM
#13035   stockcharts.com/c-sc/sc?s=WNWG&p=D&b=5&g=0&i=0&r=1416944114806 l2 hunter 11/25/14 03:35:48 PM
#13034   looks like my sleeper awaken slowly. g40 11/25/14 03:35:03 PM
#13033   WNWG mabye next pennyland mover... l2 hunter 11/25/14 03:33:39 PM
#13032   agree WNWG awesome 0003-0008 buying accumulation last weeks l2 hunter 11/25/14 03:33:11 PM
#13031   WNWG current O/S update sep 2014 g40 11/25/14 03:32:25 PM
#13030   WNWG Shares Outstanding 298,796,475 a/o Sep 30, 2014 l2 hunter 11/25/14 03:02:24 PM
#13029   WNWG Market Value1 $149,398 a/o Nov 24, 2014 l2 hunter 11/25/14 03:02:01 PM
#13028   WNWG Avg Volume 1,417,100 l2 hunter 11/25/14 03:00:50 PM
#13027   WNWG Pivot Point 2st Level Resistance 0.0006 l2 hunter 11/25/14 02:59:55 PM
#13026   WNWG Pivot Point 1st Level Resistance 0.0006 l2 hunter 11/25/14 02:59:47 PM
#13025   WNWG 0.0007 14 Day %d Stochastic Stalls l2 hunter 11/25/14 02:59:14 PM
#13024   WNWG 0.0007 14-3 Day Raw Stochastic at 80% l2 hunter 11/25/14 02:58:58 PM
#13023   WNWG 52 Week High 0.0008 l2 hunter 11/25/14 02:56:12 PM
#13022   WNWG 13 Week High 0.0008 l2 hunter 11/25/14 02:56:05 PM
#13021   WNWG 4 Week High 0.0008 l2 hunter 11/25/14 02:55:52 PM
#13020   WNWG 14 Day RSI at 70% l2 hunter 11/25/14 02:55:18 PM
#13019   WNWG 14 Day RSI at 80% 0.0019 l2 hunter 11/25/14 02:55:01 PM
#13018   WNWG 100-Day Average Volume - 740,994 l2 hunter 11/25/14 02:53:49 PM
#13017   WNWG Overall Average: 56% Buy l2 hunter 11/25/14 02:53:22 PM
#13016   WNWG Long Term Indicators Average: 33% Buy l2 hunter 11/25/14 02:53:05 PM
#13015   WNWG 50 - 100 Day MACD Oscillator Hold l2 hunter 11/25/14 02:52:47 PM
#13014   WNWG 100 Day Moving Average vs Price Buy l2 hunter 11/25/14 02:52:35 PM
#13013   WNWG 60 Day Commodity Channel Index Hold l2 hunter 11/25/14 02:52:16 PM
#13012   WNWG 50-Day Average Volume - 784,556 l2 hunter 11/25/14 02:51:59 PM
#13011   WNWG Medium Term Indicators Average: 75% Buy l2 hunter 11/25/14 02:42:00 PM
#13010   WNWG 50 Day Parabolic Time/Price Buy l2 hunter 11/25/14 02:41:36 PM
#13009   WNWG 20 - 100 Day MACD Oscillator Hold l2 hunter 11/25/14 02:41:15 PM
#13008   WNWG 50 Day Moving Average vs Price Buy l2 hunter 11/25/14 02:40:59 PM
#13007   WNWG 40 Day Commodity Channel Index Buy l2 hunter 11/25/14 02:40:43 PM
#13006   WNWG 20-Day Average Volume - 1,417,100 l2 hunter 11/25/14 02:38:20 PM
#13005   WNWG Short Term Indicators Average: 60% Buy l2 hunter 11/25/14 02:38:05 PM
#13004   WNWG 20 Day Bollinger Bands® Hold l2 hunter 11/25/14 02:37:46 PM
#13003   WNWG 20 - 50 Day MACD Oscillator Hold l2 hunter 11/25/14 02:37:31 PM
#13002   WNWG 20 Day Moving Average vs Price Buy l2 hunter 11/25/14 02:37:13 PM
#13001   WNWG 10 - 8 Day Moving Average Hilo Channel Buy l2 hunter 11/25/14 02:36:57 PM
#13000   WNWG 7 Day Average Directional Indicator Buy l2 hunter 11/25/14 02:36:42 PM
#12999   WNWG TrendSpotter Hold l2 hunter 11/25/14 02:36:25 PM
#12998   WNWG 0006 1 left l2 hunter 11/24/14 01:29:35 PM
#12997   Tick flipped one on you this week, sorry. Work Harder 11/22/14 12:48:52 AM
#12996   Well, they have not filed the CH7 nor Value_Investor 11/21/14 04:38:37 PM
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