$FOFU Out with Morning News! Force Fuels Begins Reservoir Pressure Program for 5 Wells in Kansas
October 28, 2011 08:30 ET
COSTA MESA, CA--(Marketwire - Oct 28, 2011) - Force Fuels, Inc. (OTCBB: FOFU) -- With the completion of Phase II of its drilling plan completed by Carroll Energy, Force Fuels has now tested and completed the initial Reservoir Pressure Program on 5 existing oil wells.
The engineering for the project is provided by Carroll Energy, our local engineering partner. As we complete the water supply well Carroll Energy is expecting to produce marketable levels of natural gas along with the supply water. Once the 5 spot water flood project is completed and fully analyzed, we start the same program on the two 5 spot locations drill on our Mann AB lease.
We are starting to see the preliminary result of the reservoir pressure program that was installed on the Mann lease 30 days ago. The first stage of the water flood was to utilize the existing water produced from the well within the 5 wells. Now that there is an increase in oil production we can quickly complete the existing water supply well located on the lease.
"Now that we are beginning to see an increase in the 5 Kansas wells that were reopened, we expect to duplicate this process throughout our properties. Force Fuels has spent the last 2 years preparing both existing wells and new wells to go on line and produce maximum returns. The 15 wells are still slated to be drilled this year with the completion of our funding," said Thomas Hemingway, President and CEO
Force Fuels has completed the geological analysis and field studies so the Company can move forward with the final drilling permit filings. Once the final permits are issued, Force Fuels will schedule the drilling contractor and other service work as needed for 15 new wells.
About Force Fuels, Inc.
Force Fuels, Inc.'s primary products of the company are regulated and standardized energy-based products, which do not require marketing or sales force, thus completely eliminating the related expenses. These energy-based products include oil, natural gas, solar, wind and hydrogen. In the oil and gas field the company plans to focus on the purchase of marginally producing shallow oil wells, which are relatively inexpensive to operate and can be optimized with existing technologies; the purchase of leases with potential for additional drilling in proven producing areas; and the acquisition of in-house know-how to further optimize production through stimulation, refurbishing and site optimization.
More information can be obtained at www.ForceFuels.com -- (949) 783-6723
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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