LIGHTNING RELEASES — Bowling Green, Kentucky (August 28, 2014): Encore Energy announced today that the Company is now planning to drill a total of 30 wells in Western Kentucky, each well targeting multiple shallow oil formations.
Encore recently signed an agreement to acquire the rights to an existing lease, horizontal well plan and drill-site location in Western Kentucky to potentially develop non-conventional gas and liquids.
“Our continued focus is the development of shallow oil drilling and production projects while planning long-term for non-conventional gas and liquids”, said Joseph Hooper, Encore’s Executive Vice President of Business Development.
No assurances can be made as it relates to production, prices, reserves, profitability or timeline estimates for any given project.
For more information regarding Encore, please contact Joseph Hooper at (270) 842 – 1242, ext. 224.
Cautionary Statement: The information herein includes forward-looking statements and actual results may vary. No assurances can be made as it pertains to geological success, production estimates, income, reserves, profitability, timelines or that the Company will achieve the necessary funding to make project(s) profitable. Oil and gas involves a high degree of risk and uncertainty. Many of these risks are beyond the control of management. Oil and gas investments are not suitable for all investors. This is not an offer to sell a security, and offers shall be made only to sophisticated Accredited investors (as defined by the SEC) through a private-placement offering memorandum.