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[roger wilco]

NWTR $.0801

New Western Energy (NWTR) Signs LOI to Acquire Majority Control of Island Energy Partners, LLC
http://finance.yahoo.com/news/western-energy-signs-loi-acquire-133000625.html

New Western Energy Corp. (NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, today announced it has signed an LOI to acquire majority control of Island Energy Partners, LLC ("IEP"). IEP owns oil and gas wells, leases, and completion tools and equipment. The properties, wells and completion equipment are located in the Rio Vista Gas Field in California. There are 15 producing wells of interest on leases comprising 1300 acres. New Western will be conducting due diligence which it expects to complete within the next 45 to 60 days.