Late yesterday, oil and gas exploration company, Force Fuels, Inc. provided an update reporting detail of its phase 4 program aimed at increasing oil production at its Kansas oil field project.
Highlights of the plan included phase one previously being completed, which involved getting the wells back on line to verify assumed production levels. Phase II, which is slated to be completed in the second quarter of 2011, will be focused on increasing oil production in the existing field to 1,600 barrels per month. Before phase II concludes, Force Fuels intends to have Phase III underway, consisting of a 48-hold infill drilling program, with intentions of increasing production to 7,000 barrels per month. The final phase will entail implementing secondary recovery techniques which have proven to increase production and lengthen well production life, with the intention of further increasing production.
Vice-President and Director of Force Fuels, Tom Hemingway, believes that this 4-phase program should push oil production to levels in excess of 10,000 barrels per month for the Company within two years. Per the plan, operations will be continuously profitable from the start of the 2011 forward. At current oil prices, Force Fuel anticipates that it will be generating $1 million per month in gross revenues from the Kansas property alone.
More information on Force Fuels, Inc. and its projects can be found on the Company’s website at www.forcefuels.com.
Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Sean Furstenwerth has based this document on information obtained from sources he believes to be reliable but which has not been independently verified; Sean Furstenwerth makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Sean Furstenwerth only and are subject to change without notice. Sean Furstenwerth assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, I, Sean Furstenwerth, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.
Sean Furstenwerth does not own shares of Force Fuels
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