World Oil Group, Inc. Completes Fracking on First Well Which Showed Strong Oil Reserves; Pump Jacks Will Be Installed This We...
May 06 2015 - 8:30AM
Access Wire
Fracking Begins on Well #2
Tomorrow!
DEBARY, FL / ACCESSWIRE / May 6, 2015 / World
Oil Group, Inc. (PINKSHEETS: WOGI) has completed fracking on the
1st well of a 10 well project and will begin fracking its second
tomorrow. A new well will be fracked every 10 to 14 days or sooner
if possible.
The first completed fracked well showed strong reserves during
the fracking process. The pump jack will be installed on this well
by the end of the week and should begin pumping oil next week.
The timing of the first well going into production couldn't be
better with WTI hitting $60.00 a barrel and showing signs of
closing at $65-$75 by the third quarter.
The Company will complete the fracking on the first 5 wells and
place pump jacks on them to get ready for production. Once
production begins and the oil is pumping, the company will begin
fracking the next 5 wells when the WTI hits $65.00 a barrel or
higher. Then all 10 wells will be on production.
"This is an exciting time for WOGI and its shareholders to see
the hard work of the last year begin to pay off and oil begin
pumping out of the ground," stated WOGI's CEO Nathan Hall.
Next week WOGI will address the meeting taking place in Peru and
update shareholders on Dr. Armacanqui's meeting in Oman and the new
member to join the WOGI team.
About World Oil Group, Inc.
World Oil Group, Inc. (WOGI) is a petroleum company that has
traditionally focused on Oil & Gas Exploration in the
Pennsylvania markets by and through its wholly owned subsidiary EPA
Petroleum, Inc. First Quarter, WOGI is scaling up operations in the
MENA, Gulf and Central/South American regions in 2015, the company
will keep its shareholders updated.
EPA Petroleum, Inc. "EPA" is a wholly owned
subsidiary of World Oil Group, Inc. (WOGI). The Company is an
independent producer of crude oil and natural gas. EPA Petroleum is
actively involved in drilling activities within the Commonwealth of
Pennsylvania using Xite Energy, Inc. as its subcontractor drilling
partner.
World Oil Group, Inc. is now taking the path
breaking challenge to lead the world on its "Sustainable Oil &
Gas Field Model" implementing the concepts and related applications
model in the Petroleum Industry. WOGI is always seeking new
opportunities in the petroleum industry and will look to develop
economic growth in the areas it works. As WOGI enters into a
market, it will seek to help bring jobs within its foot print.
World Oil Group's vision is to grow exponentially with the
Petroleum Industries using "The Sustainable Oil & Gas Fields"
concepts and applications for E&P & EOR, and Energy Trading
in the USA and around the world.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
For more information contact:
Nathan Hall, President CEO
World Oil Group, Inc.
Ph. 407-777-9228
info@epapetroleum.com
http://www.worldoilgroup.com/
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.