Worthington Energy, Inc.
TICKER: WGAS
Capitalizing on applying tested technology to proven oil reserves
Worthington Energy, Inc. is a conventional oil and gas
corporation based in San Francisco, California. The
company is engaged in the acquisition, development and
production of oil and natural gas in the Cherokee Basin
and Bourbon Arch in southeast Kansas and western
Missouri. Worthington Energy is targeting organic
growth by developing its existing land base in southeast
Kansas.
Worthington’s strategy is to acquire producing properties
with large potential cash-flow from proven and probable
reserves. The company will develop and optimize fields
by reworking existing wells and drilling new wells. The company’s patent pending
Enhanced Oil Recovery processes will be applied to increase production and profitability.
Overview
? The Company recently completed the acquisition of 100% working interest in
sixteen oil and gas leases covering approximately 3,540 acres in Wilson,
Montgomery and Labette Counties in Kansas.
? Shallow oil and gas fields provide superior economic opportunities:
? Slow decline rates - long life production.
? Lower operating costs.
? Offset drilling opportunities:
? Offset completions are yielding a reserve value five times the cost of a new well.
? New offset wells can be drilled, completed and producing in a matter of days.
? Reserve estimates for the heavy oil deposits in western Missouri and southeast Kansas
have ranged between a few hundred million barrels to 75 billion barrels. The Missouri
Department of Natural Resources has released more recent estimates of between 1.4 to
1.9 billion barrels.
? Finding oil has always been a function of cost and technology. Technological
advances allow the shallow heavy oil reserves in Kansas and Missouri to become more
economically accessible and thereby more valuable.
Increasing Asset Value through the Application of New Technology
? Levia Oil Recovery Process: Designed specifically to recover heavy oil deposits, it
dramatically improves recovery economics in comparison to other thermal processes.
Patent Pending # 61897233.
? EcoLift Air Lift System: Reduces lifting costs and developmental capital
requirements. Patents Pending # 61896838 and # 61897237.
? Advanced Thermal Enhancement: Decreases viscosity (increases mobility) of oil
which improves sweep and displacement efficiency. Patent Pending # 61897250.
.
May 2014
Industry:
Oil & Natural Gas
Field Acquisition, Exploration,
Development & Production
Line of Business:
Worthington Energy is a public oil
and natural gas production company
focused on production acquisitions
and developmental drilling
opportunities in proven areas within
key producing regions.
Corporate Structure:
Public Nevada Corporation
Corporate Strengths:
? Experienced Executive Team
has a history in building E&P
companies and prior success in
executing similar strategies.
? Management team previously
assembled and financed
resource companies creating
value in excess of $1 Billion.
? Management team has drilled or
participated in over 1000 wells in
immediate production region.
? Possible exit strategy as a major
industry player acquisition
candidate.
Accounting Firm:
Weinberg & Company
(www.weinbergla.com)
Legal Counsel:
Szaferman Lakind Blumstein &
Blader, PC
(www.szaferman.com)
Investor Relations:
Surety Financial Group, LLC
410-833-0078
Transfer Agent:
Nevada Stock & Transfer Company
(www.natco.org)
