COSTA MESA, CA — (Marketwire) — 09/08/11 — Force Fuels, Inc. (OTCQB: FOFU) (OTCBB: FOFU) announces the completion of Carroll Energy–s Geological reports needed to drill new wells on the Force Fuels leases.
The drilling plan was developed by pulling together all available well logs and well files for the existing leases and imputing the information into the computer program for processing. Carroll Energy also contacted one of the local major wire line well logging companies and pulled additional well logs into our data base, logs from surrounding leases. The well information and field GPS work was then plotted onto structure maps which provided the formation information desired.
The proven oil formation in the area is the Redd Sand which occurs around 600ft. The Redd Sand ranges from 5ft to 50ft thick and is the known oil producer on the leases. Wells on the lease make approximately 2 to 3 times the water that they do oil, and also produce a substantial amount of gas. The Redd Sand is a longer lasting producer than the Weiser, producing less water and more gas.
Our initial wells drilled will be three wells drilled in strategic locations that will provide valuable information for placing the balance of the drill sites as well as good production of oil and or gas. The first wells would be drilled to the Mississippi at approximately 1650ft. The wells will be spaced 2000ft apart; one well would be located on the Mann in the northeast corner, another on the Mann AB near the gas meter run and tank battery, and another on the Bayless Feedlot lease to the south of the Mann lease. Once the well data is in place and the well performance has been evaluated for each of the three wells we will start the strategic location of the remainder of the wells to be drilled.
“By moving slowly and drilling in the strategic locations supplied by this report, both Carroll Energy and our drillers feel we will be able to hit our target of the 15 new wells we scheduled. We still feel our initial production flush rates from the 15 new wells will produce a combined total of approximately 150 Barrels Per Day (BPD) to 200 BPD,” said Tom Hemingway, President and CEO.
Carroll Energy, LLC, Independence, KS, is a family owned company with over 30 years of experience in the oil and gas industry. Terry Carroll Sr. has supervised and provided daily management and operations for numerous oil and gas companies, partnerships and private investors involved in the drilling and completing of thousands of wells; constructing, operating, and maintaining hundreds of miles of natural gas gathering pipeline, compression and dehydration facilities; cumulatively producing more than 15 BCF of gas and 750,000 BBLs of oil.
Force Fuels properties 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 properties 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–s Oklahoma properties.
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 – (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.
Investor Relations Contacts:
Minataur Group
(617) 379-0777