BOWLING GREEN, Ky. (PRWEB) December 08, 2017
Encore Energy, Inc. announced today that the Company has entered into an agreement to acquire exclusive drilling rights to the JD Hardin heirs estate lease block(s) where thousands of acres are directly off-set to multiple areas of proven Berea oil production in Lawrence County, Kentucky. The Lawrence County Berea Oil play reportedly produces more than 20% of the state's annual oil production. The Berea is projected to produce and provide income for up to ~15 - 20 years or more. Encore is a proven operator in the Berea play. Be sure to check out the Company’s Investment Operations Due Diligence section online at http://www.encore-energy.com/Operations.html
“Encore is currently making plans to drill eight (8) horizontal Berea well locations, long-term”, said Steve Stengell, Encore’s President and CEO.
Oil and gas investments involve a high degree of risk and are suitable only for SEC defined accredited investors who can afford the loss of their entire investment. No assurances can be made as it relates to production, reserves, income, profitability, timelines or any other estimates or projections.
For more information and to see if you qualify as an SEC defined accredited investor, please contact Joseph Hooper at (270) 842-1242, ext. 224 or by e-mail at Joseph.Hooper(at)encore-energy(dot)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 which further governed by the National Investment Securities Marketing Improvement Act of 1996. This is not a private placement offering memorandum.