Worthington Energy, Inc. (fka WGASQ)

[Belgianshareholder]

My (and imo many others) way of thinking re WGAS...

1) We are in court re. VM and a settlement is forthcoming, which is also connected to the unwinding of Virgin (Paxton intervention).

2) Two years ago there was a Merger agreement in place to merge Virgin Oil Company, Inc. and Virgin Offshore with Paxton Energy (Now WGAS).

http://www.faqs.org/sec-filings/110502/PAXTON-ENERGY-INC_8-K/pxte8k20110429ex10-01.htm

Paxton will have at the Closing, a sufficient number of authorized but unissued shares of Common Stock to be able to issue all of the shares of Paxton Stock that are to be issued hereunder.

The reason for the A/S increase imo.

http://www.marketwire.com/press-release/paxton-energy-enters-into-agreement-to-acquire-virgin-oil-co-otcbb-pxte-1508683.htm

Under the terms of the Agreement, the shareholders of Virgin will receive an aggregate of 70,000,000 shares of Paxton common stock in exchange for all of the issued and outstanding shares of Virgin common stock. The closing of the Agreement is subject to the satisfaction of a number of conditions precedent, including but not limited to the completion of an audit of Virgin, in accordance with PCAOB standards and SEC guidelines; receipt of an updated third party engineering of Virgin (DONE), completion of a financing by Paxton(DONE imo), and approval of the Virgin bankruptcy judge (Happening right now), as Virgin is currently a debtor in possession under a Chapter 11 proceeding. Upon closing, Virgin will be a wholly-owned subsidiary of Paxton and Paxton anticipates changing its name to Virgin Oil Company, Inc.

3) Ventana is still showing the $25M re. the merger on their website. Then there is the recent $8.5M, which is amongst other things for VM debt. They are key here imo.

4) According to the 10K Ironridge, a huge debtholder, was paid off.

5) The restricted shares: the company changed TA for this simple reason, the restricted increases are now confidential and possibly ordered by a judge. Atlanta's O/S is incorrect. The most recent O/S is 453,324,774. Which is AGAIN, an even increase of 21M shares, and there have been many others. It's obvious for me that big things are happening behind the scenes. So, who's getting the restricted shares?

6) Preferreds were created for a reason...

7) The website was pulled completely. An update would not require the website to be pulled. IMO a new website is being made.

8) Ther is an interesting time line to follow too. 5/22 - 5/28 - 06/12 - 06/19

VM alone would be huge, but if we merge or acquire some assets of Virgin, all bets are off.

That's all for now stoprun...

All the above is JMHO.

Good luck and GO WGAS!