Steve Stengell Provides a Corporate Profile of Encore Energy, Inc. to the Investment Community
BOWLING GREEN, Ky., Sept. 6, 2011 /PRNewswire/ -- Today Encore Energy provided a Corporate Profile for the investment community.
The Company was recently formed in May 2011 by Steve Stengell, Joe Turner and Timothy Brady who have years of experience in oil and natural gas operations, the financial service industry and the management of public companies.
The Company's business objectives include:
- Review and evaluate horizontal oil programs and other conventional and nonconventional projects
- Formation of an operating company in Texas, Blackhawk Operating LLC
- Drill, complete, produce and operate specific oil properties in Texas
- Groom the Company for a future private acquisition or a move onto the public market
Encore's President and CEO, Mr. Stengell and the other members of Encore's management team have previously served as an operator in both Texas and Oklahoma and have made several horizontal oil and natural gas discoveries in Central East Texas over the last several years. Encore's management team was also responsible for constructing a pipeline system in Grimes County, Texas that delivered gas from multiple horizontal wells to an Atmos Energy connection.
"The horizontal drilling of both conventional and nonconventional well programs in Central East Texas continues at an explosive rate," said Steve Stengell.
Encore is a proud member of the IPAA Independent Petroleum Association of America, Society of Petroleum Engineers, NFIB National Federation of Independent Businesses and Bowling Green Chamber of Commerce.
For more information about Encore Energy, Inc., please visit www.encore-energy.com or follow us on Facebook at www.facebook.com/EncoreEnergy
About Encore Energy:
The Company's key experience is the utilization of the latest technological advancements related to horizontal drilling operations. Encore is currently working with industry participants and other independent producers to develop certain Texas oil properties.
Cautionary Statement:
This release contains forward looking information and certain goals and/or timelines may or may not be achieved by the Company. There exist tremendous risk and uncertainty associated with oil and natural gas exploration and development. Horizontal drilling increases the mechanical risks of operations. No assurances can be made as to the future production rates, reserves, etc. for any given project. It is impossible to accurately forecast oil and/or natural gas production rates, reserves, prices, lease operating expenses, etc. Production estimates may be reported in natural gas equivalent. Natural gas equivalent is defined as the gross production volumes of natural gas, natural gas liquids and condensate combined and reported as one commodity as predicated by the current spot price of natural gas. No assurances can be made that the company will raise the necessary level of funding and/or achieve results from future operations to make the proposed future operations herein profitable. There may be additional risks associated with the Company's operations not known at this time such as project cost overruns, environmental risks etc. This is not an offer to sell a security nor is it an offer to buy a security. An offer will only be made to accredited investors by a prospectus and this is not a prospectus.
Contact Information:
Timothy Brady, Executive Vice President and Chief Financial Officer
Phone: (270) 842-1242
E-mail: [email protected]
Website: www.encore-energy.com
SOURCE Encore Energy, Inc.
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