NWTR: Carroll Energy to conduct engineering, reserves and geological reports on the Company's newly acquired Leases in Rogers County, Oklahoma.
By Ian Gilson, CFA
New Western Energy Corp. (OTC BB:NWTR) announced on January 23, 2013 that it has engaged Carroll Energy to conduct engineering, reserves and geological reports on the Company's newly acquired Winchester and Thomas Leases in Rogers County, Oklahoma. The two leases are contiguous and total 950+ acres with 20 wells and 2 water injection wells and have the potential for numerous oil and gas discoveries. A full 640-acre section within the acquired 950 contiguous acres has drilling opportunities of multiple oil and gas formations and contains a complete gas gathering infrastructure.
This will serve New Western's future gas production plans in Rogers County.
Mr. Terry L. Carroll is a member of the board of directors of New Western Energy Corp.
For additional research on small-cap stocks, please visit scr.zacks.com
To become a subscriber to Zacks SCR and receive SCR blogs and research reports emailed directly to your inbox, please visit our Subscribe page.
More From Zacks.com