Bowling Green, Kentucky (PRWEB) September 08, 2017
Encore Energy, Inc. announced today that the Company proudly supports and endorses Kentucky Governor Matt Bevin’s Red Tape Reduction Initiative. This program is critically important to Kentucky’s oil and gas industry, especially as it relates to smaller operators and producers in the Commonwealth.
Steve Stengell is President CEO, Chairman and the Founder of Encore Energy, Inc. Joseph Hooper serves as the Company’s Executive Vice President and Director.
About Encore Energy, Inc.
Encore Energy, Inc. is a bonded well operator that has made significant oil discoveries in Kentucky. The company is currently production testing a horizontal Berea oil well in Johnson County, Kentucky with plans to drill three (3) immediate horizontal well locations, supporting the employment of more than 75 highly-skilled and highly-paid oil and gas industry jobs in the most impoverished and rural areas of the Commonwealth.
Encore Energy, Inc. currently controls thousands of lease acres in Warren County and has expanded into Butler, Ohio, Cumberland, Lawrence, Johnson and potentially other counties of Kentucky. Encore is the most active operator in south central Kentucky and has developed strategic relationships with landowners, field contractors, well service companies, petroleum geologists and other industry professionals. Encore’s operation has supported literally hundreds of oil and gas industry jobs in south central Kentucky. Encore ships its crude oil directly to the Continental Refinery in Somerset.
Encore's objective is to provide each partner with monthly income, ROI, clear communication, long-term production, low-cost drilling, asset protection and a 100% IDC tax deduction of their investment. Encore's partners are accredited investors (SEC definition) and include high net worth individuals, corporations, family offices and qualified investment groups. Encore believes that it mitigates risk and preserves investor capital through the diversification of multiple-well projects and by utilizing state-of-the industry horizontal well technology.
The oil and gas business is complicated and involves a high degree of risk and uncertainty. Encore Energy, Inc., serving as the managing general partner and well operator of each project, works diligently to provide each qualified SEC defined accredited investor with full material disclosure in good faith, prior to making the investment, and complete transparency / real-time communication through each phase of operations. The objective for Encore is to mitigate risk, grow production, income and reserve assets for its partners, long-term, while complying with all state and federal requirements and protecting the environment. Encore makes investment opportunities available only to SEC defined accredited investors, pursuant to a Federal Exemption - SEC Regulation D, Rule 506(c). Prospective investors must (1) qualify to receive offering materials and (2) be verified as an SEC define accredited investor. The Company makes each required state “Blue Sky” filing notices as required and governed by SEC Regulation D, Rule 506(c) and the National Securities Marketing Improvement Act of 1996.
For more information regarding Encore and its projects, please contact Joseph Hooper at (270) 842-1242, ext. 224 and visit us on the web at http://www.encore-energy.com
Assumptions, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. Words such as "estimate", "will," "intend," "continue," "target," "expect," "achieve," "strategy," "future," "may," "goal," or other comparable words or phrases or the negative of those words, and other words of similar meaning indicate forward-looking statements and important factors which could affect actual results. Forward-looking statements are made based upon Management's current expectations and beliefs concerning future developments and their potential effects upon Encore Energy, Inc. Oil and gas investments involve a high degree of risk, uncertainty and are only suitable for qualified Accredited (SEC Definition) investors who are sophisticated in making business decisions and can bear the financial loss of their entire investment, while delivering a turnkey profit to the Company for proving the prospect development, lease acquisition, drilling, completion, engineering and ongoing production operations. The Company does not provide tax advice and investors should seek the advice of their tax professional. Any tax and/or other information herein is provided for illustration purposes only and may include estimates that are uncertain and subject to change. It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. No assurances can be made as it relates to reserves, production, income, profit, prices, timelines and/or other estimates. Actual production and results are beyond the control of management. In the event that commercial production is achieved, it may take many years for the investor to recoup his or her investment. The Company's lease acreage position under is subject to change and includes acreage under lease, Farmout agreement, verbal agreement, renewals, expired terms and any other prospective acreage in which the Company has communicated and/or negotiated with the landowner the leasing of oil and gas rights, now or in the future, and the lease / mineral owner has leased or communicated their intent to lease there mineral lease rights to the Company. It is important for qualified investors to acknowledge the fact that the US government provides them with tax savings (100% IDC tax deduction) to mitigate or at least off-set some of the financial risk associated with domestic oil and gas investments. This is not an offer to sell or buy a security. An offer shall only be made pursuant to SEC Regulation D, Rule 506(c) by a private placement offering memorandum, and this is not a private placement offering memorandum.