Home > Boards > US OTC > Oil/Gas/Natural Energy Production >

Worthington Energy, Inc. (WGAS)

Add WGAS Price Alert      Hide Sticky   Hide Intro
Moderator: No Moderator Atlanta1, LBDC20002, PLUTUS, QImperator, RicFlair, Masher44
Search This Board:
Last Post: 4/18/2014 4:44:25 PM - Followers: 268 - Board type: Free - Posts Today: 57

Worthington Energy, Inc (OTC: WGAS)

220 Montgomery Street, Suite 1094
San Francisco, CA 94104

T: (415) 666-2337
F:(415) 592-5990

(The Chetopa Project headquarters in 2012)



Charles F. Volk, Jr.
Chairman & CEO

Mr. Volk brings over twenty-seven years of professional experience running public companies in various industries including oil and gas. In addition to his current responsibilities for Worthington Energy, Mr. Volk has been the Chairman of Bermuda Segregated Funds, Ltd., an open-end mutual fund with offices in Bermuda, since 2007. Prior to that, Mr. Volk was the Chairman & President of Osage Energy Corporation. Mr. Volk was also a co-founder of an operating copper company, Mercator Minerals Ltd., a component of the TSX Mining Index. In 1981, Mr. Volk earned a BS degree in Business Administration from Menlo School of Business Administration in Menlo Park, CA.

Charles Adams
President & COO

Board of Directors:

Charles F. Volk, Jr.  has been our Chief Executive Officer, Chairman of the Board of Directors since March 2010. Mr. Volk has been the Chairman of Bermuda Segregated Funds, Ltd. an open end Mutual Fund in Bermuda since March 2008. Mr. Volk has also served as the Chairman and President of Osage Energy Corporation from 2004 to 2007, as the Managing Director of Cyril Petrochemical Corporation, as the Managing Director of Norman Capital, Inc. from 1992 to 1997, as a business development consultant to Asset Growth Partners, Inc. from 1991 to 1992, as President of Gold Circle Mines, Inc. from 1983 to 1991, and as General Partner of Oil & Gas Partnerships from 1981 to 1993. In addition, Mr. Volk participated in the management and marketing of Esilux Corporation, an international marketer and distributor of specialized industrial safety systems. Mr. Volk received his B.S. degree in Business Administration from the Menlo School of Business Administration in Menlo Park, CA in 1981.


Warren Rothouse has been a Director since October 2012. Since February 2003, Mr. Rothouse has been Managing Director of Surety Financial Group. From 1997 to 2003, Mr. Rothouse was owner of Country Stove & Chimney Shoppe. From 1989 to 1997 Mr. Rothouse was a Sales Manager at Thulman Eastern Corporation, a sub-contractor to the building industry. From 1986 to 1989 Mr. Rothouse was a Sales Representative at Thulman Eastern Corporation. Mr. Rothouse attended Towson State University.


David Pinkman has been a Director since January 2013. Mr. Pinkman is CFO and a director of Saccharum Energy Corp., a TSX Venture Exchange-listed junior oil and gas exploration company, and has held these positions since October, 2009.  He is also currently a director of Red Rock Energy Inc., a TSX Venture Exchange-listed junior uranium exploration and oil and gas exploration company, and has held that position since April, 2005.  Previously, he was CFO and a director of PanWestern Energy Inc., a listed junior oil and gas company, and served in those roles from November, 2001 to April, 2010.  He was also President and a director of Explorator Resources Inc., a CPC company, and held those positions from September 2005 to January, 2007.  Prior to that, he was Vice President and a director of Powermax Energy Inc., a TSXV-listed oil and gas issuer, from January 2002 until September, 2005.  He was also a director of Renewable Power & Light Plc., an AIM-listed independent power production company, from June, 2006 to October, 2007.  From January 2001 to November 2001, Mr. Pinkman was Vice President, International, of Maxim Power Corp. (formerly Jupiter Power International Inc.) (TSXV listed).  He was executive Chairman and a director of Jupiter Power International Inc. prior thereto and from August 1993 until December 2000. 


Mr. Pinkman was a partner at the law firm Pinkman, McArdle, Barristers and Solicitors from 1991 until December 2000.  Called to the bar in 1985, as a lawyer he has practiced primarily in the areas of corporate and securities law.  He has served on the boards of a number of public and private companies carrying on business in the resource and other industries.  In addition, Mr. Pinkman has served on the boards of a variety of local volunteer organizations, and continues to serve as a director and Vice-President of Wild Rose Motocross Association, a non-profit association registered under the Societies Act (RSA 1980, as amended).  Mr. Pinkman obtained a BA degree from the University of Calgary in 1980, and an LLB degree from the University of British Columbia in 1984.


Video of Charlie Adams Testing New Technology


Completion Cost Comparison Vs EcoLift Cost 

Ten Wells

Rod Pump





Installation Cost



Weight of System

8,400 lbs

200 lbs

Operating Cost/Month




As of April 11, 2013 there are 258,992,616 shares of registrant's common stock outstanding,

of which --,---,---(?) are Restricted. Authorized shares = 6,490,000,000.

Click Here for SEC Filings

Investor Relations:
Surety Financial Group
642 Main St
Reisterstown, Maryland, 21346

Tel: 410-833-0078

Transfer Agent:
Nevada Agency & Transfer  Company
50 W. Liberty Street # 880
Reno, NV  89501
Tel: (775)322-0626
Fax: (775)322-5623



Articles of Interest:


Worthington Enters Into Definitive Agreement to Acquire Oil and Gas Assets

Date : 03/12/2014 @ 11:15AM
Source : Marketwired
Stock : Worthington Energy, Inc. (QB) (WGAS)
Quote : 0.0017  0.0001 (6.25%) @ 10:49AM

Worthington Enters Into Definitive Agreement to Acquire Oil and Gas Assets


Worthington Energy, Inc. (USOTC:WGAS)
Historical Stock Chart

2 Months : From Feb 2014 to Apr 2014

Click Here for more Worthington Energy, Inc. Charts.
Worthington Enters Into Definitive Agreement to Acquire Oil and Gas Assets

SAN FRANCISCO, CA--(Marketwired - Mar 12, 2014) - Worthington Energy, Inc. (OTCQB: WGAS) ("Worthington" or the "Company"), an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, announces that the Company has entered into a Definitive Agreement (the "Agreement") to acquire the oil and gas assets of American Dynamic Resources, Inc. (ADR) and Heavy Oil Technology and Intellectual Property from ADR President and CEO, Mr. Charles Adams on or before April 15, 2014.

Worthington will acquire the assets of ADR consisting of multiple leases in Montgomery, Labette and Wilson Counties in Kansas. The combined leases contain 140 oil wells and 17 gas wells within 3,527 acres, including documented reserves of 1,163,618 barrels of oil and 9.8 BCF of gas. Worthington will pay 35,000,000 shares and $50,000 to ADR for these assets.

Worthington will also acquire ADR's patents on Intellectual Properties covering 3 areas of Enhanced Oil Recovery: Air Lift, Thermal Enhancement and Reservoir Management. These technologies are well suited for the Heavy Oil deposits contained in the Kansas leases being acquired. Worthington will pay Charles Adams (affiliated with ADR) 35,000,000 common shares and $75,000 for these assets (including the associated patents).

Upon closing the agreement, Mr. Adams will become President and Chief Operating Officer of Worthington. In addition, Mr. Adams will be appointed Vice-Chairman.

"I am thrilled to be able to deliver this positive news for Worthington and its valued shareholders," stated Worthington Energy, Inc. Chairman and CEO, Charles F. Volk. "We are excited to move into this shallow Heavy Oil Play in Kansas and look forward to working closely with Mr. Adams."

About Worthington
Worthington engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in San Francisco, CA.


  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Current Price
Bid Ask Day's Range
WGAS News: Amended Statement of Ownership (sc 13g/a) 04/17/2014 02:34:48 PM
WGAS News: Worthington Energy to Utilize ADR's Levia Thermal Oil Recovery Process 04/08/2014 10:15:00 AM
WGAS News: Worthington Energy Discusses ADR's EcoLift Artificial Lift System 04/01/2014 01:40:00 PM
WGAS News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 03/31/2014 03:54:19 PM
WGAS News: Worthington Energy to Target Heavy Oil Play in Kansas & Missouri 03/25/2014 10:15:00 AM
#62934  Sticky Note WGAS O/S is going to rise to at mdimport 04/16/14 06:38:06 PM
#62890  Sticky Note When is this going to be announced? Don't Atlanta1 04/16/14 11:50:43 AM
#62604  Sticky Note Of course he hangs on to his preferreds. Atlanta1 04/13/14 04:43:29 PM
#61536  Sticky Note it's a brand new WGAS RicFlair 04/06/14 02:58:09 PM
#60827  Sticky Note Say hello to the next reverse split. PLUTUS 03/26/14 10:18:56 PM
#63040   It does seem to have some of the silverfox6663 04/18/14 04:44:25 PM
#63039   As per the definitive agreement, it was noted slow okie 04/18/14 03:49:49 PM
#63038   A straight out asset purchase of ADR assets Atlanta1 04/18/14 03:33:00 PM
#63037   The ADR/Worthington combination transaction or a piece of slow okie 04/18/14 03:24:05 PM
#63036   Documentation means nothing to WGAS: mdimport 04/18/14 02:39:57 PM
#63035   That's definitely worth looking into. big gains1988 04/18/14 02:37:55 PM
#63034   ADR sold out or transferred out and Worthington slow okie 04/18/14 02:25:19 PM
#63033   The facts show WGAS is a P O FS. 1T+ mdimport 04/18/14 01:58:10 PM
#63032   1) I still don't think the DH will Atlanta1 04/18/14 01:48:56 PM
#63031   " 1. Mr. Volk being out of WGAS big gains1988 04/18/14 01:40:03 PM
#63030   Pretty depressing !!! Footloose 04/18/14 01:24:04 PM
#63029   1) $WGAS reverse splits: Atlanta1 04/18/14 01:16:51 PM
#63028   WGAS... wow!!! xZx 04/18/14 01:13:22 PM
#63027   appeared to be a done deal, including wells, Atlanta1 04/18/14 01:07:29 PM
#63026   WGAS = 50M+ dilution / week currently. Those mdimport 04/18/14 12:31:28 PM
#63025   I see Freddybaby 04/18/14 11:59:43 AM
#63024   Great post. silverfox6663 04/18/14 11:50:06 AM
#63023   Look at the pictures in the ibox. Charlie LBDC20002 04/18/14 11:43:35 AM
#63022   I absolutely think that WGAS will be able big gains1988 04/18/14 11:42:05 AM
#63021   I agree completely. big gains1988 04/18/14 11:32:45 AM
#63020   It was announced on March 12, 2014 and Atlanta1 04/18/14 11:29:12 AM
#63019   no secret site exists slow okie 04/18/14 11:22:12 AM
#63018   I enjoyed the funny posts so i though silverfox6663 04/18/14 11:05:49 AM
#63017   This thing runs thin so one day of LBDC20002 04/18/14 10:54:06 AM
#63016   This thing runs thin so one day of LBDC20002 04/18/14 10:54:06 AM
#63015   If this ran to a dollar and you Freddybaby 04/18/14 10:52:10 AM
#63014   I think it's going to be a good Death_Metal 04/18/14 10:48:54 AM
#63012   But my family has interests in several dried Freddybaby 04/18/14 10:43:45 AM
#63011   If I ever hit the number or make Freddybaby 04/18/14 10:40:44 AM
#63009   and to you as well, regarding the "secret site". Atlanta1 04/18/14 09:55:02 AM
#63008   And now ive just messaged myself!!! @@##$ Oh well as silverfox6663 04/18/14 09:54:44 AM
#63007   Told you I'm slooowwww and stufid Should have said silverfox6663 04/18/14 09:50:16 AM
#63006   Thanks for that informative reply silverfox6663 04/18/14 09:35:39 AM
#63005   So let's work off of two assumptions: mdimport 04/18/14 09:28:02 AM
#63004   That could be found on a "secret" site, Atlanta1 04/18/14 09:15:21 AM
#63002   Gotta believe events were delayed till next week Footloose 04/18/14 09:03:25 AM
#63001   Can some one explain this from 10K as silverfox6663 04/18/14 08:57:23 AM
#63000   yes, there is a very clear track record Atlanta1 04/18/14 08:53:59 AM
#62999   More nonsense = more dilution = eventual R/S hardasset 04/18/14 08:51:58 AM
#62998   No X you're way off! We need to big gains1988 04/18/14 08:38:14 AM
#62997   No X you're way off! We need to big gains1988 04/18/14 08:38:14 AM
#62996   And actually the .008 I was referring to big gains1988 04/18/14 08:35:43 AM
#62995   If the company had issued any shares we Atlanta1 04/18/14 08:17:03 AM
#62993   I think there is a high amount of big gains1988 04/18/14 08:06:53 AM
#62992   "If the company had issued any shares we yoyomama 04/18/14 07:22:35 AM
#62991   The post you're referring to is about Ironridge mdimport 04/18/14 03:32:48 AM
#62990   You forgot about the nonsense factor? Freddybaby 04/18/14 02:18:07 AM
#62988   That is TOTAL BS. If the company had $kytrader 04/18/14 01:29:50 AM
#62985   LMFAO looks like this is headed down the hardasset 04/18/14 12:16:24 AM
#62983   Yes you are right but your math is mystocks24hours 04/17/14 11:43:00 PM