BOWLING GREEN, Ky. (PRWEB) February 16, 2018
Encore Energy, Inc., through it’s wholly-owned subsidiary Encore Operating Kentucky LLC, is currently making plans to drill multiple horizontal wells off-set to proven production to develop the Upper Devonian Berea Sandstone of Lawrence County, Kentucky. “The Company’s proposed drill-sites are located across nearly half a dozen lease areas immediately off-set and/or in close proximity to some of the best reported production and most recent permit activity for the play”, said Steve Stengell, Encore’s President CEO. “We are extremely confident that the economic viability of this project and the execution of Encore’s business model should attract institutional and industry investment capital to launch and support a large scale, sustained horizontal oil well program,” added Stengell.
“The Company has made continued investment in preparation for its multiple well programs and is confident that this investment has the potential to yield a large-scale horizontal drilling and production operations for years to come in Eastern Kentucky”, said Joseph Hooper, Encore’s Executive Vice President and Director. “The people in Eastern Kentucky are highly-skilled and the infrastructure is in place to support this operations,” added Hooper.
Oil and gas investments involve a high degree of risk and uncertainty, and are suitable for qualified industry participants and SEC defined accredited investors. No assurances can be made as it relates to production, reserves, income, profit, projected timelines or any other estimates. The information herein may contain forward-looking statements and actual results may vary.
For more information, please contact Joseph Hooper at (270) 842-1242, ext. 224 or 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, and this is not a private placement offering memorandum.