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Worthington Energy, Inc. (WGAS)

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Last Post: 4/19/2014 2:51:44 AM - Followers: 267 - Board type: Free - Posts Today: 7

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.


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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
#63099   Current events = new P O FS share selling scheme mdimport 04/19/14 02:51:44 AM
#63098   seriously? this is a brand new company. the xZx 04/19/14 01:52:20 AM
#63097   that argument takes no account of current events. xZx 04/19/14 01:51:51 AM
#63096   yep - and there's no way to average Atlanta1 04/19/14 01:48:15 AM
#63095   It's relevant in the context that the new mdimport 04/19/14 01:35:47 AM
#63094   no, i expect the debt holders to make xZx 04/19/14 01:31:11 AM
#63093   So you expect people to ante up, again, hardasset 04/19/14 01:18:04 AM
#63092   It isn't and change is here and no LBDC20002 04/18/14 11:46:18 PM
#63091   anyone who has been holding for two years xZx 04/18/14 11:16:13 PM
#63090   Do the math... Even if it were to QImperator 04/18/14 11:01:17 PM
#63088   greed is a powerful thing. if volk knew xZx 04/18/14 09:47:49 PM
#63087   irrelevant to what? the 10-K which was a xZx 04/18/14 09:46:01 PM
#63086   "A site with direct links to WGAS" Atlanta1 04/18/14 09:39:09 PM
#63085   lol... stay tuned and find out, i guess. xZx 04/18/14 09:37:55 PM
#63084   no, but there's a lot of nice DD xZx 04/18/14 09:34:41 PM
#63083   they just need volk to do as Atlanta1 04/18/14 09:32:44 PM
#63082   see, that's the whole theme we've been discussing xZx 04/18/14 09:31:20 PM
#63081   oh really? Atlanta1 04/18/14 09:31:07 PM
#63080   ok thanks for clearing that up. Atlanta1 04/18/14 09:29:23 PM
#63079   Why would he choose a pos like WGAS? QImperator 04/18/14 09:26:24 PM
#63078   no, this relates to website i found, while xZx 04/18/14 09:23:35 PM
#63077   adams has been looking for a public Atlanta1 04/18/14 09:19:08 PM
#63075   yes, that's absolutely right. when acting in their xZx 04/18/14 09:11:26 PM
#63073   Not to mention we have added a guy LBDC20002 04/18/14 09:08:13 PM
#63072   they don't need a change of control, they xZx 04/18/14 09:00:44 PM
#63071   There is no evidence that debt holders own Atlanta1 04/18/14 08:51:20 PM
#63070   based on what i've seen, for all intents xZx 04/18/14 08:42:36 PM
#63069   there's no way they'll put a company into Atlanta1 04/18/14 08:40:30 PM
#63068   Like I said, 5.09B share available dumpage coming QImperator 04/18/14 08:38:55 PM
#63067   i think the tactic here is a FEIGNING xZx 04/18/14 08:35:33 PM
#63066   because i'm pretty sure the guy can find Atlanta1 04/18/14 08:26:49 PM
#63065   no, i'm afraid those shares were "held in xZx 04/18/14 08:12:30 PM
#63064   "magna group loaded up 25M shares" OS is over QImperator 04/18/14 08:04:16 PM
#63063   funny thing, the way i'm seeing it -- xZx 04/18/14 08:00:47 PM
#63062   it's gonna be okay imo. :-) xZx 04/18/14 07:56:11 PM
#63061   "WOWOWOWOWOWOWWWW..... THAT'S MEGABUX. " For a company with $0 QImperator 04/18/14 07:50:25 PM
#63060   OH.... WAIT... HERE'S THE AMOUNT: $241,046. xZx 04/18/14 07:49:28 PM
#63059   Qimperator -- or anyone else around here -- xZx 04/18/14 07:34:38 PM
#63058   Atlanta 1, slow okie 04/18/14 07:29:32 PM
#63057   P O FS WGAS? LMAO mdimport 04/18/14 07:16:38 PM
#63056   Do you think WGAS is worth $1.4 billion QImperator 04/18/14 07:07:41 PM
#63055   xZx, slow okie 04/18/14 07:04:53 PM
#63054   i gotta say, tho, this is some super-duper xZx 04/18/14 07:04:15 PM
#63053   Be wary of P O FS stinky pinky stocks whose mdimport 04/18/14 07:01:00 PM
#63052   So you are stipulating that pos WGAS is QImperator 04/18/14 06:59:37 PM
#63051   that's correct. xZx 04/18/14 06:58:50 PM
#63050   "...on February 24, 2014 a judge awarded Ironridge QImperator 04/18/14 06:57:37 PM
#63049   that's a gross misrepresentation of my forecast: xZx 04/18/14 06:56:07 PM
#63048   $1 per share 1000:1 RS Wow nice forecast QImperator 04/18/14 06:52:53 PM
#63046   not sure what you mean................. slow okie 04/18/14 06:40:05 PM