NEWS
Well Renewal Completes One Million Dollar Fundraising
TULSA, Okla., Apr 9, 2007 (PrimeNewswire via COMTEX) -- Well Renewal, Inc.
(Pink Sheets:WRNW), a rapidly growing diversified oil and gas regional operator
specializing in oil and gas exploration, enhanced recovery methods of abandoned
and low-production oil properties, oil field services and petrochemical
distribution, today announced the completion of approximately one million
dollars in funding since February 2007. The monies raised will be used to target
and acquire additional oil field leases and energy services companies.
"WRNW has obtained adequate funding for the foreseeable future," stated CEO
David Rees. "WRNW is now in a position to continue its organic and
acquisition-led growth, along with positioning WRNW as a key player in northeast
Oklahoma's oil and gas market."
"More specifically, WRNW is pleased to welcome Parker Anderson Investment, LLC
as a major corporate investor. We will be working with Parker Anderson on
several strategic initiatives that also involve property working interests,"
stated Rees.
About Well Renewal, Inc.
Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in
oil and gas exploration as well as enhancement and recovery of abandoned and low
production oil properties, oil field services and petrochemical distribution.
Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical facts
may be forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual results could
differ materially from those currently anticipated due to a number of factors,
which include but are not limited to, risk factors inherent in doing business.
Forward-looking statements may be identified by terms such as "may," "will,"
"should," "could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue," or similar
terms or the negative of these terms. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements. The company has
no obligation to update these forward-looking statements.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Well Renewal, Inc.
By Staff
CONTACT: Well Renewal, Inc. (918) 585-5101 drees@wellrenewal.com
(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.
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INDUSTRY KEYWORD: Energy Industries
SUBJECT CODE: ENERGY
FINANCING
Financing Agreements
