World Oil Group, Inc., is Working with Multiple Landowners to Drill Oil Wells on 2000 Acres in Pennsylvania
July 29 2015 - 9:30AM
Access Wire
1000 Oil Wells Could Generate Between $40 to $70
Million Dollars the 1st Year not Considering the Tax Breaks for
O&G Industry (Which can Range Between 80% to
100%)
DEBARY, FL / ACCESSWIRE / July 29, 2015 / World
Oil Group, Inc. (PINKSHEETS: WOGI) is pleased to introduce that due
to the overwhelming impact that WOGI has made in the local drilling
region, local land owners are calling WOGI's local drilling
contractor and offering up more land for WOGI to drill on.
WOGI - PENNSYLVANIA:
WOGI is pleased to announce that local land owners are pleased
with the conduct and performance with WOGI that land owners are now
calling its local drilling partner and offering up land for WOGI to
drill on. More than 2000 acres by multiple lands owners have now
been offered to WOGI to drill on.
WOGI is seeking capital partners to work with on this project.
WOGI believes that approximately 1000 wells can be put on this
amount of land reasonably. This project would be broke down into
phases and well groups in order to lessen the environmental impact.
These wells would be in the range of 900ft to 1200ft in depth and
produce somewhere in the range of 850 to 1500 barrels of oil the
first year.
At today's prices of oil 7/29/2015 of US$47.98 a barrel of oil
that would be a range of 850-1500 bopd:
850bopd X US$47.98 = US$40,783.00 per well-per 1st year x 1000
wells= US$40,783,000.00
1500bopd X US$47.98 = US$71,970.00 per well-per 1st year x 1000
wells = US$71,970,000.00
For those interested please email us at the contact information
below:
WOGI - WALKABOUT:
Due to the rising interest of our shareholders. WOGI will be
planning in October, 2015 a WOGI Walkabout with our CEO MR. Nathan
Hall, and WOGI's exclusive drilling partner Mr. Jon Malis of Xite
Energy. This walkabout will take you around the oil wells that you
have seen on the YouTube Videos the past year, have lunch and a
Q&A session.
This will be a great opportunity to get to know who WOGI's
leadership team is and help educate our shareholders and potential
shareholders on the oil field history, reserves and explain the
O&G industry at the birthplace of the Oil & Gas Industry.
WOGI is drilling less than 30 miles from the birthplace of the oil
industry, Titusville, Pennsylvania. This is the place where Quaker
State Oil, Pennzoil, Seneca Oil and John D. Rockefeller's -Standard
Oil got their start in the oil industry.
So, come out and join WOGI for its first WOGI Walkabout and get
your facts straight and from the horse's mouth at the well site.
This will be your WOGI's Rites of passage.
"There are those who think they know, but really don't know,
some come out and join our WOGI team to get into the know!"
Email for details and to RSVP: info@worldoilgroup.com
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
its subcontract 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:
CONTACT:
Grace Carlton, Communications Director
World Oil Group, Inc.
Ph. 407-777-9228
gcarlton@worldoilgroup.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.