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Wentworth Energy, Inc. (WNWG)

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Last Post: 12/19/2014 11:38:43 AM - Followers: 129 - 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
#13378   stockcharts.com/c-sc/sc?s=WNWG&p=D&b=5&g=0&i=0&r=1419007099323 l2 hunter 12/19/14 11:38:43 AM
#13377   8.5M bid vs. 2M ask.... tic toc... l2 hunter 12/17/14 01:58:32 PM
#13376   massiv bids building l2 hunter 12/17/14 01:57:44 PM
#13375   GM WNWG l2 hunter 12/17/14 08:34:38 AM
#13374   1x0004 1x0005 2x0009 blue skies l2 hunter 12/16/14 10:39:52 AM
#13373   0005 360K LEFT >> 298M O/S CURRENT UPDATE l2 hunter 12/12/14 02:13:07 PM
#13372   WNWG 0005 360K left l2 hunter 12/12/14 11:00:34 AM
#13371   WNWG 0004X0005 up l2 hunter 12/12/14 10:21:05 AM
#13370   WNWG 4m vol so early. good boarding chance 0004/5 l2 hunter 12/12/14 09:50:42 AM
#13369   GM WNWG l2 hunter 12/12/14 08:27:47 AM
#13368   0005x0006 up 1 left l2 hunter 12/11/14 03:22:46 PM
#13367   BID/ASK 4x1 ..... tic toc.... l2 hunter 12/11/14 02:48:39 PM
#13366   0005 hitting 1 left 0006 coming l2 hunter 12/11/14 02:14:25 PM
#13365   GM WNWG l2 hunter 12/11/14 09:32:53 AM
#13364   85% buying vol last weeks. speaks for loading l2 hunter 12/11/14 12:38:54 AM
#13363   check out current 298M O/S 11/2014. WNWG crazy l2 hunter 12/11/14 12:37:54 AM
#13362   Put um up if you got um ;} Work Harder 12/10/14 09:41:12 PM
#13361   Wow looks like someone has alot of shares EmptyBones 12/10/14 08:34:39 PM
#13360   WNWG 20-Day Average Volume - 1,634,715 l2 hunter 12/10/14 03:58:10 PM
#13359   WNWG Short Term Indicators Average: 60% Buy l2 hunter 12/10/14 03:57:56 PM
#13358   WNWG 20 Day Bollinger Bands® Hold l2 hunter 12/10/14 03:57:42 PM
#13357   WNWG 20 - 50 Day MACD Oscillator Buy l2 hunter 12/10/14 03:57:26 PM
#13356   WNWG 20 Day Moving Average vs Price Buy l2 hunter 12/10/14 03:57:12 PM
#13355   WNWG 10 - 8 Day Moving Average Hilo l2 hunter 12/10/14 03:56:45 PM
#13354   WNWG 7 Day Average Directional Indicator Buy l2 hunter 12/10/14 03:56:22 PM
#13353   WNWG TrendSpotter Hold l2 hunter 12/10/14 03:55:48 PM
#13352   WNWG 1x0005 1x0006 1x0009 last triple zero shares l2 hunter 12/10/14 03:50:39 PM
#13351   WNWG 12/10/14 0.0004 0.0005 0.0004 0.0005 unch unch 1,000 l2 hunter 12/10/14 01:40:10 PM
#13350   WNWG 12/09/14 0.0004 0.0005 0.0004 0.0005 unch unch 872,100 l2 hunter 12/10/14 01:39:56 PM
#13349   WNWG 12/08/14 0.0005 0.0005 0.0005 0.0005 -0.0001 -16.67% 30,000 l2 hunter 12/10/14 01:39:42 PM
#13348   WNWG 12/05/14 0.0005 0.0006 0.0005 0.0006 unch unch 2,000 l2 hunter 12/10/14 01:39:28 PM
#13347   WNWG 12/04/14 0.0004 0.0007 0.0004 0.0006 +0.0002 +50.00% 4,944,500 l2 hunter 12/10/14 01:39:13 PM
#13346   0005 slap... 1 left l2 hunter 12/10/14 09:50:42 AM
#13345   GM WNWG l2 hunter 12/10/14 07:27:35 AM
#13344   the O/S update 10/31/2014 huge sign. WNWG few l2 hunter 12/09/14 01:43:14 PM
#13343   http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7804052 l2 hunter 12/09/14 01:04:03 PM
#13342   WNWG 0008 12 month high! L2 like paper. l2 hunter 12/09/14 01:02:39 PM
#13341   WNWG Bullish 50/200 Day MA Crossover stockcharts.com LT777 12/09/14 12:43:54 PM
#13340   1x0005 1x0006 1x0009 ... l2 hunter 12/09/14 12:39:37 PM
#13339   WNWG 0005 1M LEFT 5000% R/M PLAY! 298M l2 hunter 12/09/14 11:34:43 AM
#13338   GM WNWG l2 hunter 12/09/14 09:47:29 AM
#13337   1x0005 2x0006 blue skies l2 hunter 12/08/14 12:49:33 PM
#13336   WNWG 1@0006 l2 hunter 12/08/14 10:46:33 AM
#13335   GM WNWG l2 hunter 12/08/14 08:06:16 AM
#13334   When was the 15-12g filed? I don't JJZander 12/07/14 10:27:53 AM
#13333   thats it... WNWG clean shell company in 15-12G l2 hunter 12/05/14 01:26:36 PM
#13332   WNWG current O/S update. 15/12G with O/S uodate tictactuc 12/05/14 01:23:55 PM
#13331   breakout coming fast. tictactuc 12/05/14 01:22:01 PM
#13330   Ok, thanks. I will keep an eye on it. TooHotty 12/05/14 01:09:58 PM
#13329   after 0008 she start l2 hunter 12/05/14 11:21:51 AM
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