WW Oil and Gas Inc. Signs Farm Out Agreement With Oil and Gas Operating Firm to Develop Wolf Lease Properties
Posted on: Wednesday, 1 October 2008, 12:00 CDT
WW Oil & Gas Inc. (PINKSHEETS: WOGI) has completed an agreement with a local Oil and Gas Operating firm to begin the re-working of existing non-producing wells on the Wolf Lease Properties in Young County, Texas. The firm will take full fiscal responsibility for the re-working operations on the 300 acre Wolf Oil and Gas properties. WW Oil & Gas in turn will receive a percentage of the profits from the sale of the recovered oil without incurring additional expense. The operators possess their own drill rig equipment and expect to begin exploration activity within the next 60 days. WW Oil and gas Inc. is currently operating debt free, has positioned itself to remain economically stable, and has not been affected by the recent economic turbulence in the U.S. www.wogi.us
About WW Oil & Gas Inc.
WW Oil & Gas Inc., is a holding company established in 2005 was created to acquire oil and gas service companies as well as oil and gas-related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has exploitation projects in Texas, Utah, Oklahoma and New Mexico. Comprehensive drill programs are being developed for full exploitation of these projects.
Forward-looking statements
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results WW Oil & Gas Inc. may achieve could differ materially from any forward-looking statements due to such risks and uncertainties, including but not limited to, the fact that no assurance can be given that any proposed acquisitions will be consummated at all.
Contact: WW Oil & Gas Inc. Mr. Joseph Anthony Smith President 940-612-1481
SOURCE: WW Oil and Gas Inc.
Source: MARKET WIRE
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