Wild Brush Energy (OTC: WBRS) has secured the
rights to a total of six Federal Oil & Gas Leases within the State of
Wyoming. The Company will primarily focus on the four oil & gas property
acquisitions within the Powder River Basin region of Wyoming.
The Powder River Basin boasts a high success rate of profitable
discoveries; this has given the Company great confidence in further
potential property evaluation and acquisition. Wild Brush's primary
business strategy is focused on the exploration, acquisition, and expansion
of low risk high reserve projects with significant resource potential in
this Basin area.
Wild Brush also has one lease located in Wyoming's Green River Basin.
According to the Bureau of Land Management, this Basin contains over one
billion 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 region of Wyoming
State. This region is one of the most active natural gas areas in the state
of Wyoming. Exploration and refinery operators include companies such as
ExxonMobile, Western Gas, and Duke Energy.
Powder River Basin
This Basin has an estimated at 32 trillion cubic feet of natural gas.
Nearly 100 wells are being drilled each week, and estimates for a fully
developed basin are at almost 100,000 wells. Within the last ten years,
this has been the largest onshore natural gas play in North America.
Proved reserves of natural gas in Wyoming are at an all time high of nearly
19 trillion cubic feet, while proved 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 State
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
Email Contact
www.wildbrushinc.com
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