$FOFU .11 yesterdays news!!
Force Fuels Announces Reopening of 10 Oil Wells in Kansas
COSTA MESA, Calif., May 17, 2011 /PRNewswire via COMTEX/ -- Force Fuels, Inc. (OTCBB: FOFU) announces that they have completed the refurbishing of 10 existing oil wells that have been shut down for several years on an existing property located in Montgomery County, Kansas.
The initial oil production numbers from the wells have been as the Company has anticipated. With these types of numbers we expect another 10 wells being reopened in the next 15 days.
"We are very excited about the results that we have achieved on these wells. Currently our goals are to open as many wells as we can prior to drilling new wells, to date we have announced reopening of 25 existing wells," said Thomas Hemingway, President and CEO.
The leases are in Chautauqua and Montgomery County on the southern end of Kansas, a well-known oil and gas producing area where several prolific reservoirs are present. Comprising over 2,600 acres, the leases are fully equipped with 54 wells and all the necessary equipment to commence production. In addition Force Fuels is aimed at increasing oil production on the Joint Venture signed in March 2011 on 1200 acres of Pioneer Oil's Oklahoma properties.
About Force Fuels, Inc.:
Force Fuels, Inc. operates in the energy field. Its strategy envisions the inclusion of projects involving oil, natural gas as well as alternative energy production using solar and wind power. In the oil and gas field the company is focusing on the purchase of marginally producing shallow oil wells which can be optimized with existing technologies; the purchase of leases with potential for additional drilling in proven producing areas; and the acquisition of in-house know-how to further optimize production through stimulation, refurbishing and site optimization.
