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Wentworth Energy, Inc. (WNWG)

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Last Post: 2/17/2014 3:18:39 PM - Followers: 118 - 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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PostSubject
#12975   HOLY COW its worth peanuts !!!!!!!!!!!!!! manny1 02/17/14 03:18:39 PM
#12974   http://uk.finance.yahoo.com/news/keystone-xl-waiting-list-grows-190636476.html manny1 02/04/14 02:39:01 PM
#12973   WNWG is having perfect play kranthikumar 01/30/14 10:42:31 AM
#12972   A few WNWG facts glenn0802 12/22/13 06:11:50 PM
#12971   Thank you bro for the advise.. HIM 11/19/13 10:24:08 PM
#12970   What Fantasy Land Stock World do you live MrGoldenRooster 11/19/13 03:32:20 PM
#12969   Added WNWG to my watch list.. My HIM 11/08/13 11:43:51 AM
#12968   Well, I hate to say I told you ERichardson 10/30/13 01:29:49 PM
#12967   WNWG 0.0002 - "the Longer the Tail, the trader53 10/17/13 06:03:40 AM
#12966   WNWG is up by 100% kranthikumar 09/30/13 09:53:21 AM
#12965   Share price was $1.61 that day :) Suomalainen 09/23/13 07:38:44 PM
#12964   http://www.rigzone.com/news/oil_gas/a/38330/Redrock_Obtains_Rights_to_Oil_Sands_ lordz 09/19/13 10:58:30 AM
#12963   ok. Been watching this for a l o Suomalainen 09/06/13 03:34:46 PM
#12962   US OIL sands utah are to go fully lordz 09/06/13 08:09:57 AM
#12961   http://www.google.com/url?sa=t&rct=j&q=wentworth%20energy&source=web&cd=14&cad=r Suomalainen 08/30/13 05:56:41 PM
#12960   could not get link to work? what was getmoreshares 06/25/13 07:34:11 PM
#12959   http://www.clker.com/inc/svgedit/svg-editor.html?paramurl=/inc/clean.html?id=145418 gold56 06/25/13 07:07:14 PM
#12958   Q: WNWG filed a Form 15 with the Dav_2010 04/30/13 08:42:35 AM
#12957   Ok. Thanks for the advice/info. Dav_2010 04/19/13 02:29:53 PM
#12956   Dave2010-- Like you said you have to be screened, manny1 04/19/13 01:05:36 PM
#12955   (I am)Also holding the other--My guess--broker is shorting getmoreshares 04/18/13 04:47:42 PM
#12954   Hey, thanks for the reply. I had not Dav_2010 04/18/13 04:43:53 PM
#12953   ABSOLUTELY NOT "NORMAL"--I have NEVER heard of anything getmoreshares 04/18/13 04:06:55 PM
#12952   Dav2010--- in the UK when you purchase any manny1 04/18/13 12:53:49 PM
#12951   Had an interesting call from my broker today, Dav_2010 04/18/13 08:46:20 AM
#12950   Does anybody REALLY know if that WNWG have manny1 04/10/13 01:42:15 PM
#12949   http://www.desmogblog.com/2012/11/20/second-us-tar-sands-mine-owned-former-exxon manny1 04/04/13 01:19:22 PM
#12948   http://www.bloomberg.com/news/2012-10-26/first-u-s-oil-sands-mine-proceeds-witho manny1 04/04/13 01:14:06 PM
#12947   http://www.sltrib.com/sltrib/news/55615479-78/board-decision-environmental-gas.h manny1 04/04/13 01:08:35 PM
#12946   Doing well! Wondering if this thing is going IslandTrader 03/20/13 03:46:10 PM
#12945   Hey IT how are you? Good to hear gold56 03/20/13 03:21:00 PM
#12944   Hey Gold, long time not talk. Hope IslandTrader 03/19/13 12:19:56 PM
#12943   I told them that the little Martian dude gold56 02/19/13 04:05:39 PM
#12942   Could the little Martian do bms again?.....lol gold56 02/17/13 09:30:53 AM
#12941   Will we see here the same like ETLS Skalar 11/25/12 10:46:08 AM
#12940   Live, iHub is going to cut me off gold56 11/21/12 05:56:05 PM
#12939   HMMMMM... haven't seen this kinda volume in over MACH1 11/15/12 06:48:56 PM
#12938   Got your PM about election. We did our gold56 11/08/12 08:46:58 AM
#12937   aNtS upgo siNcE aRE sO maYBe tO yES gold56 10/28/12 02:38:42 PM
#12936   buy ants now going is to up with gold56 10/28/12 11:12:08 AM
#12935   Does this company even exist anymore? dman91 10/11/12 06:02:27 PM
#12934   Hide and seek continues... Suomalainen 10/10/12 09:32:04 AM
#12933   ocket change, comparing apples to oranges and old gold56 10/06/12 11:23:59 AM
#12932   Been trying to get into Chatzy for 30 gold56 09/28/12 06:04:11 PM
#12931   Happy Hour ended, got that Chatzy link I gold56 09/28/12 05:04:49 PM
#12930   Happy Hour ended, got that Chatzy link I gold56 09/28/12 05:04:49 PM
#12929   That's exactly what happened with cj, seen in gold56 09/27/12 05:29:51 PM
#12927   Live, you still holding ants? gold56 09/27/12 04:24:49 PM
#12926   Don't know, I think it's legit but who gold56 09/25/12 05:36:52 PM
#12925   still got ants? dd fraud board has been gold56 09/25/12 05:07:47 PM
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