LiteWave Commences Production on Second Five of Fifteen Shallow Natural Gas Wells in Bourbon County, Kansas
Posted on: Thursday, 30 March 2006, 09:01 CST
LiteWave Corp. (OTC BB: LTWV) is pleased to confirm that the second group of five shallow gas wells on its leasehold properties in Bourbon County, Kansas, have been placed into production. Operating personnel have stabilized production at a rate of between 125,000 and 150,000 cubic feet per day from the ten producing shallow wells, with excellent back pressure on the lines.
Gas flow is now being delivered to market from a total of ten wells, with plans to bring the final five additional wells on-line within the next thirty days. With a commitment to drill a further ten wells on the 3,879 acres of leasehold property, this will bring a total of 25 wells expected to be on-line by mid summer 2006.
The Company has constructed some eleven miles of gathering system to service the wells from its leasehold properties to connect gas production from its wells, being delivered via Bourbon County Pipeline LLC, for delivery into the main natural gas transmission pipeline.
LiteWave is continuing its acquisition of leasehold acreage in the region, and expects to commit to additional wells over the remainder of the year, with a further twenty targets having been identified. In addition to its recent acquisition in Steuben County, New York, the Company is also reviewing other oil and gas acquisition opportunities within the United States and Europe.
About LiteWave
LiteWave (OTC BB: LTWV) is an oil and gas company that is focusing its current efforts on the development of natural gas prospects in the United States and Europe.
Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by LiteWave Corp.) contains statements that are forward looking, such as statements related to the future anticipated direction of the oil and gas industry, plans for future expansion, various property development activities, planned capital expenditures, future funding resources, anticipated production and reserves growth. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
For More Information Contact: Ian Lambert President 604 675-7637 Jim Newton 1 877-811-4518 ext 229 Email: info@litewavecorp.com Or visit our Website at www.litewavecorp.com
SOURCE: LiteWave Corp.
Source: MARKET WIRE
Related Articles
- Carrizo Oil & Gas, Inc. Announces Record Production in First Quarter Financial Results
- Avalon Acquires a Leasehold Position in Rice County, Kansas
- An Essential Study of Innovations and Pipelines for Respiratory Disorders: Discover Niche Markets, New Products and Future Developments
- McMoRan Exploration Co. Announces Third Successful Well at Flatrock and First Production at Flatrock No. 1 and Hurricane Deep
- NYMEX to Launch 11 New Balance of Month Petroleum Products Swap Futures Contracts on NYMEX ClearPort(R)
- Carrizo Oil & Gas, Inc. Announces Record Production and Third Quarter 2007 Financial Results
- Sharon Reports Successful Gas Completion at Black Owl in Wharton County, Texas
- CNX Gas Replaces 340% of Production and Increases Proved Reserves 11.9% to 1,265 Bcf
- Officials Consider Methane Gas-to-Electricity Power Plant at Wicomico County Landfill
- Kansas Update: LiteWave's Natural Gas Wells in Production; Ten Well Drilling Program Commences
 |
 |
User Comments (0)
RSS Feeds