WNWG Wentworth Energy Inc (CE)

Wentworth Energy, Inc. (OTCBB:WNWG) announced today that it has purchased a 50% working interest in two producing gas wells in Freestone County, Texas. The two wells, and the acreage they hold by production, are important to the on-going development of Wentworth Energy�s 27,557-acre mineral block. Wentworth Energy takes possession and becomes operator of the Shiloh #1 and Shiloh #3 wells effective today providing the Company with immediate production revenue on top of its existing royalties from the wells. �We acquired these two wells to gain access to 640 acres of our mineral block that was previously unavailable to us,� said Tom Temples, Wentworth Energy Vice President of Exploration and Production. �Wentworth Energy believes there are a minimum of four offset locations from these wells that the Company plans to develop to add additional reserves and production in several formations. Until we became an owner of the wells we could not drill any new wells on the 640 acres.� �The two wells are currently producing at a combined rate of 5.8 million cubic feet of gas per month. The remaining proved producing reserves from the Cotton Valley formation for these wells are estimated at 90 million cubic feet of gas. There are other productive zones behind pipe in these two well bores including the Rodessa and Woodbine formations,� Temples added. The two acquired wells are located on Wentworth Energy�s 27,557-acre mineral block south of the Company�s Red Lake Gas Unit #1-R well. Commenting on the acquisition of the wells, Wentworth Energy's CEO, John Punzo said: �Today's acquisition allows Wentworth Energy to add to the assets in its core East Texas mineral block by buying into another operator�s overlapping gathering and production assets. These wells help us to continue establishing critical mass in the mineral block. This acquisition furthers our commitment to best exploiting this East Texas resource.� About Wentworth Energy, Inc. Wentworth Energy owns a 27,557-acre mineral block in east central Freestone County and west central Anderson County in the active East Texas Basin, as well as an active oil and gas contract drilling company, Barnico Drilling Services, which has serviced East Texas drilling demand since the late 1970s. Wentworth Energy applies innovative technologies toward the discovery and development of a diverse portfolio of high-value, low-risk energy projects in North America, including the oil and gas fields of East Texas. Wentworth Energy trades under the ticker symbol WNWG. For more information on the Company visit www.wentworthenergy.com. This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," and certain of the other foregoing statements may be deemed "forward-looking statements." Although Wentworth Energy believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors. Cautionary Note to U.S. Investors The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release such as "producing," "production," "reserves," "proved producing" and "productive zones" that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form SB-2, File No. 333-136878, and our Form 10-KSB for the fiscal year ended December 31, 2005 and Form 10-QSB for the quarterly period ended September 30, 2006 available from us by contacting the Investor Relations Department. You can also obtain this form from the SEC by calling 1-800-SEC-0330.