|Force Fuels Announces Reopening of 10 Oil Wells in Kansas|
COSTA MESA, Calif., May 17, 2011 /PRNewswire/ -- Force Fuels, Inc. (OTCBB:FOFU.ob - News) announces that they have completed the refurbishing of 10 existing oil wells that have been shut down for several years on an existing property located inMontgomery County, Kansas.
The initial oil production numbers from the wells have been as the Company has anticipated. With these types of numbers we expect another 10 wells being reopened in the next 15 days.
"We are very excited about the results that we have achieved on these wells. Currently our goals are to open as many wells as we can prior to drilling new wells, to date we have announced reopening of 25 existing wells," said Thomas Hemingway, President and CEO.
The leases are in Chautauqua and Montgomery County on the southern end of Kansas, a well-known oil and gas producing area where several prolific reservoirs are present. Comprising over 2,600 acres, the leases are fully equipped with 54 wells and all the necessary equipment to commence production. In addition Force Fuels is aimed at increasing oil production on the Joint Venture signed in March 2011 on 1200 acres of Pioneer Oil'sOklahoma properties.
About Force Fuels, Inc.:
Force Fuels, Inc. operates in the energy field. Its strategy envisions the inclusion of projects involving oil, natural gas as well as alternative energy production using solar and wind power. In the oil and gas field the company is focusing on the purchase of marginally producing shallow oil wells which 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.
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, adverse economic conditions, intense competition, lack of meaningful research results, inadequate capital, termination of contacts or agreements, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products or programs 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.
PR Financial Marketing, LLC
Jim Blackman 713.256.0369