"Force Fuels Prepares to Drill 15 Oil Wells"
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Costa Mesa, CA (PRWEB) July 13, 2011
Force Fuels Inc (OTC-BB:FOFU.ob - News) -- announces the beginning of Phase II of our drilling plan with Carroll Energy to prepare the reports needed to complete 15 new wells on the properties Force Fuels acquired.
Force Fuels expects to complete the geological analysis and field study within two week which will allow us to complete the final drilling permit filings. Once the final permits are issued we will schedule the drilling contractor and other service work as needed.
"This is the last Phase of items needed prior to drilling the 15 new wells. Completion of this time line begins the countdown to drilling the new wells. As I stated in the last press release, we expect initial production rates from the 15 wells to produce a combined total of approximately 150 Barrels Per Day (BPD) totaling 4500 barrels per month in addition to the production from the recently opened previously shut-in wells. We are proud to have Force Fuels ready to enter the production phase." said Tom Hemingway, President and CEO.
About Force Fuels, Inc.
Force Fuels, Inc's primary products of the company are regulated and standardized energy based products, which do not require a marketing or sales force, thus completely eliminating the related expenses. These energy based products include oil, natural gas, solar, wind and hydrogen. In the oil and gas field the company plans to focus on the purchase of marginally producing shallow oil wells, which are relatively inexpensive to operate and can be optimized with existing technologies; the purchase of leases with potential for additional drilling in proven producing areas; and the acquisition of in-house know-how to further optimize production through stimulation, refurbishing and site optimization.
More information can be obtained at http:/
/ www.ForceFuels.com - (949) 783-6723
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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