BOWLING GREEN, Ky. (PRWEB) May 30, 2020
Encore Energy, Inc. is making plans to drill additional vertical off-sets wells to the Company’s Roppel #1 and Trent #1 oil discoveries from 2015.
The Encore Roppel #1 flowed more than ~200 BOPD IP (initial 24-hr test rate) upon treatment from the Warsaw, and both the Roppel #1 and Trent #1 (Coniferous Dolomite) have been good long-term oil producers. Checkout the videos from the Roppel #1 drilling, flow-back and cementing pipe at the Trent #1 along with the press release for Roppel #1:
“Although these projects are higher risk, they are important, are located off-set to proven production and provide qualified investors the ability to invest $10,000 - $20,000+ in each project (affordable capital outlay), as compared to that of larger well programs,” said Steve Stengell, Encore’s President and CEO. "These projects are also supported by multiple oil discoveries made by other operators, such as the nearby 2012 Eagle Ridge #1 that report an initial rate of ~110 – 125 BOPD IP (24-hr test) and a series Corniferous Dolomite producers located in the Ben Leo area,” added Stengell.
“Encore’s continued focus is the drilling, completion and production from horizontal Berea oil well projects in Lawrence County, Kentucky,” added Stengell.
Oil and gas investments are subject to a high degree of risk, uncertainty, unpredictability, indefinite delays, dry holes, loss of investment and are suitable only for SEC defined accredited investors who are sophisticated in making business and investment decisions.
No assurances can be made as it relates to the drilling results, production, income, distributions, reserves, profitability, prices, timelines and/or any other estimates.
The SEC definition of an accredited investor is better explained on the SEC’s website: https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/updated-investor-bulletin-accredited-investors
Qualified SEC defined investors (SEC Regulation D, Rule 506c) can deduct 100% of their intangible and tangible drilling costs against all forms of income (state and federal) with years of potential income from production. These tax savings mitigate a good amount of risk associated with oil and gas drilling, completion and production operations.
For more information about this investment and to see if you qualify as an SEC accredited investor, contact Steve Stengell at (270) 438-9956 or Steve.firstname.lastname@example.org and/or visit the due diligence section of Encore’s website: http://www.encore-energy.com/Operations.html
Assumptions, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. Words such as "estimate", "will," "intend," "continue," "target," "expect," "achieve," "strategy," "future," "may," "goal," or other comparable words or phrases or the negative of those words, and other words of similar meaning indicate forward-looking statements and important factors which could affect actual results. Forward-looking statements are made based upon Management's current expectations and beliefs concerning future developments and their potential effects upon Encore Energy, Inc. Oil and gas investments involve a high degree of risk, uncertainty and are only suitable for qualified Accredited (SEC Definition) investors who are sophisticated in making business decisions and can bear the financial loss of their entire investment, while delivering a turnkey profit to the Company for proving the prospect development, lease acquisition, drilling, completion, engineering and ongoing production operations. The Company does not provide tax advice and investors should seek the advice of their tax professional. Any tax and/or other information herein is provided for illustration purposes only and may include estimates that are uncertain and subject to change. It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. No assurances can be made as it relates to reserves, production, income, profit, prices, timelines and/or other estimates. Actual production and results are beyond the control of management. In the event that commercial production is achieved, it may take many years for the investor to recoup his or her investment. The Company's lease acreage position under is subject to change and includes acreage under lease, Farmout agreement, verbal agreement, renewals, expired terms and any other prospective acreage in which the Company has communicated and/or negotiated with the landowner the leasing of oil and gas rights, now or in the future, and the lease / mineral owner has leased or communicated their intent to lease there mineral lease rights to the Company. It is important for qualified investors to acknowledge the fact that the US government provides them with tax savings (100% IDC tax deduction) to mitigate or at least off-set some of the financial risk associated with domestic oil and gas investments. This is not an offer to sell or buy a security. An offer shall only be made pursuant to SEC Regulation D, Rule 506(c) by a private placement offering memorandum, and this is not a private placement offering memorandum.
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