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| | July 27, 2006 Wentworth Announces Successful Re-stimulation of Polk County, Texas Well
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| | -- INITIAL PRODUCTION RATES AVERAGING 120 BARRELS OF OIL AND 250 THOUSAND CUBIC FEET OF GAS PER DAY --
Fort Worth, TEXAS -- Wentworth Energy, Inc. (OTCBB: WNWG) announced today the successful re-entry and re-stimulation of the 12,450-foot deep well in Polk County, Texas in which the company owns an 82.5% working interest. Stabilized rates from the well indicate an average production of 120 BOPD and 250 MCFGPD with a flowing tubing pressure (FTP) of 1,600 psi on a 10/64ths choke. Over the next several weeks a tank battery will be installed and a gas line laid to connect the well to a gas purchaser.
During the re-stimulation on July 14, 2006 approximately 60,000 pounds, of a planned 100,000 pounds of sand were pumped into the Woodbine formation resulting in the stabilized flow rates. Wentworth Energy has been conducting a $1.6 million re-entry program on the well since mid-April.
"The production from this Polk County well will add significant cash flow to Wentworth Energy's bottom line," commented John Punzo, Wentworth Energy's Chairman and Chief Executive Officer. "This success validates our strategy to identify low-risk undervalued prospects and bring them into production."
About Wentworth Energy, Inc.
Wentworth Energy, Inc. is a diversified energy company focused on the responsible development of America's natural resources while maximizing shareholder value. Wentworth Energy applies innovative technologies toward the discovery and development of a diverse portfolio of high-value, low-risk energy projects in North America, including the oil and gas fields of East Texas and the Gulf Coast. Wentworth Energy trades under the ticker symbol WNWG. For more information on the Company visit www.wentworthenergy.com
For more information contact:
Investor Relations:
Barry Forward
Corporate Communications & Investor Relations
Wentworth Energy, Inc.
Tel: 800-725-9149
Fax: 817-288-0983
investors@wentworthenergy.com
Corporate Offices:
Wentworth Energy, Inc.
Tel: 877-329-8388
Fax: 817-288-0983
www.wentworthenergy.com
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," and certain of the other foregoing statements may be deemed "forward-looking statements." Although Wentworth Energy believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors. |
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| | You can view the Next News Releases item: Thu Aug 10, 2006, Wentworth Energy Updates East Texas Acquisition and Plan for 27,557-acre Mineral Block
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