On july 10th, Wild Brush Energy (WBRS) of Seattle, made a press release. Many wonder why this is significant to FPPL. Daniel Moar is the Ceo of WBRS and the President of FPPL. Maybe this press release will give us a glimpse of FPPL's future? Take a look:
Wild Brush Energy Focuses on Powder River Basin
SEATTLE, WA, July 10, 2006 – Wild Brush Energy (OTC-WBRS) will focus its initial stage expansion strategy on the Powder River Basin region of Wyoming. The Company will continue to concentrate on this Basin area due to the large lease acreage it currently controls there. Wild Brush will further evaluate and possibly purchase additional lease properties to compliment its current property portfolio in the Powder River Basin.
Wild Brush Energy presently has four leases in the Powder River Basin, and believes in expansion through the acquisition of low risk, high probability oil and gas properties in proven regions such as this. Through the advancement of these leases and future potential Basin acquisitions, Wild Brush believes they have an excellent opportunity of success in this region.
The Powder River Basin claims a high probability rate of discoveries and proven production. There are presently over 12,000 gas wells, in addition to nearly 400 new wells monthly, producing over 330 billion cubic feet annually, in an area with an estimated 32 trillion cubic feet of natural gas.
Wyoming Properties
In addition to the four Powder River leases, Wild Brush has another lease located in Wyoming’s Green River Basin, which according to the Bureau of Land Management contains 1,162 million barrels of recoverable oil and 43.6 trillion cubic feet of recoverable natural gas. The Company’s sixth lease is located in the Bighorn Basin, one of the most active natural gas areas in Wyoming.
Proven reserves of natural gas in Wyoming are at an all time high of nearly 19 trillion cubic feet, while proven reserves of crude oil are close to 500 million barrels. Collectively over 26,000 wells produced 54.7 million barrels of oil and 1.75 trillion cubic feet of natural gas in Wyoming annually.
About Wild Brush Energy Inc.
Wild Brush Energy is a diversified energy company whose primary goal is to identify and develop Oil & Coalbed Methane sites within the State of Wyoming. In addition, Wild Brush Energy continues to evaluate clean air alternative energy producing technologies such as Wind Power. Wild Brush trades in the U.S. under the symbol “WBRS”.
Safe Harbor for forward-looking statements
This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Wild Brush Energy Inc. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Wild Brush Energy Inc. expressly disclaims any obligation to update the statements contained in this release.
Contact:
Wild Brush Energy Inc.
1-206-652-3310
Investor Relations: 1-866-683-8600
info@wildbrushinc.com
www.wildbrushinc.com
Why is this significant to FPPL's investor? Possible merger / buy out with WBRS? Here is their quote-
"Wild Brush will further evaluate and possibly purchase additional lease properties to compliment its current property portfolio in the Powder River Basin. "
Why not acquire the properties that the CEO of WBRS/ President of FPPL already knows so intimately? It just makes sense that some kind of press release from FPPL will probably make reference to some kind of business dealings with WBRS. These companies are too close in line with each other from the top down. I smell news very soon. FPPL's 2nd quarter ends July 31st. The last time we heard from them was april 7. The last time we heard from WBRS april 17. Given the fact that the last press releases from both companies were given within the same month, two weeks apart. I greedily expect a press release from FPPL any day or at least during July. We are all due some kind of insight to FPPL's future and 2nd quarter news.
These are just my personal observations, please do your own research. May the force be with you Luke--