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| | January 31, 2006
Wentworth Energy Acquires Upper Gulf Coast Oil and Gas Prospect
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| | Wentworth Energy, Inc. (OTCBB:WNWG) announced today that it has acquired the rights to exploit a 40-acre oil and gas lease on the Upper Gulf Coast. The prospect is located in Polk County eight miles north of Livingston, Texas.
The Company intends to re-enter a well on the prospect and attempt to re-stimulate the 12,450-foot deep Woodbine Sand formation. The re-entry on the prospect tested oil and gas on the original completion attempt.
John Punzo, Chairman and CEO of Wentworth Energy, stated: "This Upper Gulf Coast prospect provides Wentworth Energy with an excellent opportunity to see a significant return on our investment. We have a low risk re-entry program planned for the well."
"Once again we were able to secure the rights to this attractive prospect through the Company's growing network of contacts that continues to uncover undervalued prospects with significant upside potential. This is supported by our experienced management teams' ability to negotiate excellent terms based on our team's experience bringing these types of oil and gas properties into production," added Punzo.
About Wentworth Energy, Inc.
Located in Forth Worth, Texas, Wentworth Energy, Inc. is a diversified energy company focused on the responsible development of America's natural resources while providing maximum shareholder value. Wentworth Energy will apply innovative technologies towards the discovery and development of a diverse portfolio of high value, low risk energy projects such as the Company's opportunities in the oil sands of eastern Utah, the prolific oil and gas fields of the Gulf Coast, and the Texas Barnett Shale gas play. Wentworth Energy trades under the ticker symbol WNWG. For more information on the Company visit www.wentworthenergy.com
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Crosscheck Capital
Alex Johnston
Investor Relations
(480) 614-2088
Fax: (480) 614-2089
info@crosscheckcapital.com
or
Wentworth Energy, Inc.
Corporate Offices
Toll Free: 1-877-329-8388
Fax: (817) 288-0983
www.wentworthenergy.com |
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| | You can view the Next News Releases item: Tue Feb 28, 2006, Wentworth Energy and Petromax Technologies Form Joint Venture to Develop Oil Sands Using Patented Technology
You can view the Previous News Releases item: Tue Jan 24, 2006, Wentworth Energy Acquires Producing Permian Basin Oil and Gas Leases with Possible Reserves of Over 2 Billion Cubic Feet of Gas
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