Wilon Resources Resumes Delivery of Natural Gas
Posted on: Tuesday, 5 December 2006, 09:01 CST
Wilon Resources, Inc. (PINKSHEETS: WLON), a natural gas producer, today announced it has resumed delivery of its natural gas production. Delivery had been interrupted for wells located in West Virginia for an extended period. The company is in the process of placing wells back into production, and plans to have all wells in operation in six to eight weeks.
During the period when delivery of natural gas was restricted, arrangements were made to utilize a second pipeline, nearing completion, to facilitate delivery to an interstate pipeline owned by El Paso Natural Gas. With the completion of this pipeline, Wilon will now have two delivery sources which should insure no future interruption of delivery of natural gas.
Wilon has a three year history of sales and earnings. The company has successfully drilled or reworked sixty-five natural gas wells and plans to complete a number of new wells during the next twelve months. Its operations are in West Virginia and Kentucky on leaseholds that aggregate approximately 15,000 acres.
Visit our website: (www.wilonresources.com)
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
Contact: Director of Investor Relations Email: ir@wilonresources.com Phone: 423 877 7330
SOURCE: Wilon Resources, Inc.
Source: MARKET WIRE
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