Worthington Energy, Inc. (fka WGASQ)

[xZx]

yup, bigbux!! that's my favorite paragraph so far:

the Company does have a pre-approval commitment for an $8,500,000 credit facility for the refinancing of existing related debt, working capital and drilling of the VM179 well and a term sheet for a $6,000,000 credit facility for acquisition, rework capital expense, and working capital for the D-Bar acquisition. Neither of these facilities contain common stock or warrants... The Company anticipates receiving up to $7,500,000 from a committed equity facility with one investor and may receive up to $4,000,000 from a capital equity facility from another investor.

WGAS is planning to refinance debt without equity and are pre-approved!