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| | October 05, 2005
Wentworth Energy Acquires Additional Texas Oil and Gas Leases
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| | Wentworth Energy, Inc. (PK:WNWG) announced today that the Company has acquired 100% working interest in three North Texas oil and gas production leases. The leases are located 120 miles northwest of Fort Worth and cover approximately 240 acres.
Located on the leases are two deep (greater than 4,000') inactive wells, three shallow (less than 2,000') injection wells, 33 shallow inactive wells and four shallow producing wells.
John Punzo, Chairman and CEO of Wentworth Energy commented, "The acquisition of these leases is part of our long term strategy to accumulate profitable production leases that directly impact our bottom line. Our plan is to re-activate the non-producing wells to optimize production on the properties and implement a secondary recovery program to boost production on the leases."
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 Texas Barnett Shale gas play, the prolific oil and gas fields of the Gulf Coast, and the oil sands of eastern Utah. 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: 877-329-8388
Fax: (817) 288-0983
www.wentworthenergy.com |
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| | You can view the Next News Releases item: Wed Oct 19, 2005, Wentworth Energy, Inc.: Oil Sands Expert Jim Whiteside Joins Wentworth Energy Board of Directors
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