WW Energy Inc. Acquires Additional Rig Up Truck to Facilitate Oil and Gas Field Transportation
WW Energy Inc. (PINKSHEETS: WWNG) announces the acquisition of a new rig up truck that will be used for transferring heavy oil field equipment to oil and gas production properties. The truck is equipped with 3 winches, a flat bed, a 9'' rolling tail roll and a 300'' wheel base. This type of vehicle is a crucial addition to the WW Energy's fleet of trucks in the movement of oil field production equipment. The recent increase of oil and gas exploration projects has created a demand for professional, commercial transportation machinery. Oil and gas drilling companies typically contract out this element of the production process. This has created additional revenues for WW Energy Inc. As a whole the company has experienced a 122% increase in gross revenue since 1999.
Currently WW Trucking Inc. maintains a fleet of 16 trucks with various capabilities to address the needs of oil field transportation. This provides a base of continuous revenue while exploring opportunities as operators or working interest partners, with the potential of producing future oil and gas properties.
WW Energy Inc. has shown a gross profit of $2 million (unaudited) with a net income increase of 17.2% due to retirement of debt related to their trucking division.
WW Energy Inc. is a holding company that was created to acquire oil and gas service companies as well as oil and gas-related assets.
WW Trucking Inc., formed in 1999, is a leading oil and gas services company for the oil field services industry in Utah, Colorado, New Mexico and Arizona (The Four Corners Area). Their existing business operations are in transporting fresh production water for oil drilling/exploration and waste water for disposal. They also provide services for heavy hauling of drilling and well equipment needed in the oil and gas production and exploration industry.
Forward-looking statements
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results of WW Energy Inc. may achieve could differ materially from any forward-looking statements due to such risks and uncertainties, including but not limited to, the fact that no assurance can be given that any proposed acquisitions will be consummated at all.
Contact:
WW Energy Inc.
President
Olin Glover
505-326-1322
AI
