By Ian Gilson, CFA For additional research on small-cap stocks, please visit scr.zacks.com.
New Western Energy (OTC BB:NWTR) has appointed Mr. Richard Coody, an oil industry veteran, as manager of its Oklahoma (1780 acres, 127 old wells) and Kansas (2550 acres no wells listed) operations. Mr. Coody has over 25 years of experience in oil/gas well operations.
This appointment is an important step in evaluating the existing wells for remediation and production and where to drill new wells.
We would anticipate some production from this acreage in late 2013 and significant production in 2014.
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