Wentworth Energy Appoints New CEO
2007年12月15日 - 4:15AM
ビジネスワイヤ(英語)
Wentworth Energy, Inc. (OTCBB:WNWG) is pleased to announce the
appointment of David W. Steward as the corporation's new Chief
Executive Officer and Chairman of the Board of Directors.
Concurrent with the appointment of Mr. Steward, Wentworth Energy
also announced that John Punzo, the corporation's current CEO and
Chairman, has resigned his position with the Company. Mr. Punzo
will remain as a director. �Together with his extensive local
experience and intimate knowledge of the Company's 27,557-acre
mineral block, David Steward will guide Wentworth Energy through
its next stage of development,� said John Punzo. As drilling
activity on the mineral block increases over the next few months, I
believe Mr. Steward is the right choice to take the company to the
next level of oil and gas exploration. Not only is he well
respected in the Texas oil and gas community, his local knowledge
is second to none." Mr. Steward stated: �I am very excited to take
on this leadership role at Wentworth Energy. The company's unique
oil and gas asset near Fairfield and Palestine, Texas is
underexploited, and with the right people and partnerships in place
we have an opportunity as the owners of this large contiguous
mineral package to drill both shallow and deep commercial scale oil
and gas wells and maximize the property's full potential. I look
forward to working with the highly qualified exploration team at
Wentworth Energy, and leading the company through this next phase
of its development." David Steward has been an active player in the
oil and gas industry for close to 40 years. He is the founder and
former president of Horseshoe Energy, Inc., which remains active in
numerous exploration ventures, and he is a partner in Steward
Energy Resources, a family business he owns with his two brothers.
A third generation oil and gas man, Steward is currently involved
in the exploration and development of hydrocarbon resources
throughout Texas, in particular South Texas, the Gulf Coast and
East Texas with ownership in over 143 wells. He has been
successfully identifying, exploring and developing oil and gas
opportunities for decades and has partnered with numerous large and
small companies including Anadarko Petroleum, Amoco, Chesapeake
Natural Gas, Texaco, Hunt Petroleum, Marathon Oil, XTO, El Paso,
Encana and the legendary Texas businessman Billy Joe "Red" McCombs
(McCombs Energy) to name a few. Steward is a Certified Professional
Landman and an active member of the American Association of
Professional Landmen. Mr. Steward also owns Steward Estates, which
owns a commercial office building and is currently developing an
800-home subdivision near Conroe, Texas. Mr. Steward received a BBA
degree from Texas A&I University. Steward has also been active
as past Director with Ducks Unlimited, Gulf Coast Conservation
Association, and numerous local and national organizations and
current member and Pilot with the Civil Air Patrol. About Wentworth
Energy, Inc. Wentworth Energy is an independent exploration and
production company focused on developing North American oil and
natural gas reserves. The Company owns a 27,557-acre mineral block
in east central Freestone County and west central Anderson County
in the active East Texas Basin, as well as an active oil and gas
contract drilling company, Barnico Drilling, Inc., which has
serviced East Texas drilling demand since the late 1970s.
Wentworth, through its subsidiary Barnico Drilling, is focused on
rapidly expanding the number of operating wells on its existing
acreage in East Texas. 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. Wentworth Energy
trades under the ticker symbol WNWG. For more information on the
Company visit 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," "feels," "anticipates" 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.
Cautionary Note to Investors Investors are urged to consider
closely the disclosure in our Form 10-KSB for the fiscal year ended
December 31, 2006 and Form 10-QSB for the quarterly period ended
September 30, 2007 available from us by contacting the Investor
Relations Department. You can also obtain this form from the SEC by
calling 1-800-SEC-0330 or visiting the SEC website at www.sec.gov
Wentworth Energy (CE) (USOTC:WNWG)
過去 株価チャート
から 12 2024 まで 1 2025
Wentworth Energy (CE) (USOTC:WNWG)
過去 株価チャート
から 1 2024 まで 1 2025