Worthington Energy, Inc. (fka WGASQ)

[xZx]

this gives an indication of what the flow rates might be from a phase II d-bar rework program, considering lower flow rates per well, but 70-90 of them, and a much larger working interest.... sick. lol

huge, huge numbers.

and then there's VM-179.

gonna be a fun ride imo.

D-Bar, 100% Working Interest/Well, Net Revenue Interest/Well 80-85%

This asset is located in the Abilene, Texas area. The Company has executed a Purchase and Sales Agreement (PSA) to acquire 9 shallow oil wells, plus to further drill 5 water injection wells. Along with this, various leases and associated infrastructure owned by D-Bar. Phase 1 will consist of the workover of the 9 shallow oil wells in various formations, with a potential combined production rate of 150-200 bbl/pd. Phase 2 will comprise the development of the entire 3,000 acre position, over 12 leases, with potential towards a 70-90 well workover program. This will include the development of Proven Undeveloped (PUD) locations. The Working Interest per well will be 100% with a Net Revenue Interest per well of between 80 and 85%.