World Oil Group, Inc., is Working with Multiple Landowners to Drill Oil Wells on 2000 Acres in Pennsylvania
Accesswire
Jul 29, 2015 9:30 AM
1000 Oil Wells Could Generate Between $40 to $70 Million Dollars the 1st Year not Considering the Tax Breaks for O&G Industry (Which can Range Between 80% to 100%)
DEBARY, FL / ACCESSWIRE / July 29, 2015 / World Oil Group, Inc. (WOGI) is pleased to introduce that due to the overwhelming impact that WOGI has made in the local drilling region, local land owners are calling WOGI's local drilling contractor and offering up more land for WOGI to drill on.
WOGI - PENNSYLVANIA:
WOGI is pleased to announce that local land owners are pleased with the conduct and performance with WOGI that land owners are now calling its local drilling partner and offering up land for WOGI to drill on. More than 2000 acres by multiple lands owners have now been offered to WOGI to drill on.
WOGI is seeking capital partners to work with on this project. WOGI believes that approximately 1000 wells can be put on this amount of land reasonably. This project would be broke down into phases and well groups in order to lessen the environmental impact. These wells would be in the range of 900ft to 1200ft in depth and produce somewhere in the range of 850 to 1500 barrels of oil the first year.
At today's prices of oil 7/29/2015 of US$47.98 a barrel of oil that would be a range of 850-1500 bopd:
850bopd X US$47.98 = US$40,783.00 per well-per 1st year x 1000 wells= US$40,783,000.00
1500bopd X US$47.98 = US$71,970.00 per well-per 1st year x 1000 wells = US$71,970,000.00
For those interested please email us at the contact information below:
WOGI - WALKABOUT:
Due to the rising interest of our shareholders. WOGI will be planning in October, 2015 a WOGI Walkabout with our CEO MR. Nathan Hall, and WOGI's exclusive drilling partner Mr. Jon Malis of Xite Energy. This walkabout will take you around the oil wells that you have seen on the YouTube Videos the past year, have lunch and a Q&A session.
This will be a great opportunity to get to know who WOGI's leadership team is and help educate our shareholders and potential shareholders on the oil field history, reserves and explain the O&G industry at the birthplace of the Oil & Gas Industry. WOGI is drilling less than 30 miles from the birthplace of the oil industry, Titusville, Pennsylvania. This is the place where Quaker State Oil, Pennzoil, Seneca Oil and John D. Rockefeller's -Standard Oil got their start in the oil industry.
So, come out and join WOGI for its first WOGI Walkabout and get your facts straight and from the horse's mouth at the well site. This will be your WOGI's Rites of passage.
"There are those who think they know, but really don't know, some come out and join our WOGI team to get into the know!"
Email for details and to RSVP: info@worldoilgroup.com
About World Oil Group, Inc.
World Oil Group, Inc. (WOGI) is a petroleum company that has traditionally focused on Oil & Gas Exploration in the Pennsylvania markets by and through its wholly owned subsidiary EPA Petroleum, Inc. First Quarter, WOGI is scaling up operations in the MENA, Gulf and Central/South American regions in 2015, the company will keep its shareholders updated.
EPA Petroleum, Inc. "EPA" is a wholly owned subsidiary of World Oil Group, Inc. (WOGI). The Company is an independent producer of crude oil and natural gas. EPA Petroleum is actively involved in drilling activities within the Commonwealth of Pennsylvania using its subcontract drilling partner.
World Oil Group, Inc. is now taking the path breaking challenge to lead the world on its "Sustainable Oil & Gas Field Model" implementing the concepts and related applications model in the Petroleum Industry. WOGI is always seeking new opportunities in the petroleum industry and will look to develop economic growth in the areas it works. As WOGI enters into a market, it will seek to help bring jobs within its foot print. World Oil Group's vision is to grow exponentially with the Petroleum Industries using "The Sustainable Oil & Gas Fields" concepts and applications for E&P & EOR, and Energy Trading in the USA and around the world.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For more information contact:
CONTACT:
Grace Carlton, Communications Director
World Oil Group, Inc.
Ph. 407-777-9228
gcarlton@worldoilgroup.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.
Accesswire
Jul 29, 2015 9:30 AM
1000 Oil Wells Could Generate Between $40 to $70 Million Dollars the 1st Year not Considering the Tax Breaks for O&G Industry (Which can Range Between 80% to 100%)
DEBARY, FL / ACCESSWIRE / July 29, 2015 / World Oil Group, Inc. (WOGI) is pleased to introduce that due to the overwhelming impact that WOGI has made in the local drilling region, local land owners are calling WOGI's local drilling contractor and offering up more land for WOGI to drill on.
WOGI - PENNSYLVANIA:
WOGI is pleased to announce that local land owners are pleased with the conduct and performance with WOGI that land owners are now calling its local drilling partner and offering up land for WOGI to drill on. More than 2000 acres by multiple lands owners have now been offered to WOGI to drill on.
WOGI is seeking capital partners to work with on this project. WOGI believes that approximately 1000 wells can be put on this amount of land reasonably. This project would be broke down into phases and well groups in order to lessen the environmental impact. These wells would be in the range of 900ft to 1200ft in depth and produce somewhere in the range of 850 to 1500 barrels of oil the first year.
At today's prices of oil 7/29/2015 of US$47.98 a barrel of oil that would be a range of 850-1500 bopd:
850bopd X US$47.98 = US$40,783.00 per well-per 1st year x 1000 wells= US$40,783,000.00
1500bopd X US$47.98 = US$71,970.00 per well-per 1st year x 1000 wells = US$71,970,000.00
For those interested please email us at the contact information below:
WOGI - WALKABOUT:
Due to the rising interest of our shareholders. WOGI will be planning in October, 2015 a WOGI Walkabout with our CEO MR. Nathan Hall, and WOGI's exclusive drilling partner Mr. Jon Malis of Xite Energy. This walkabout will take you around the oil wells that you have seen on the YouTube Videos the past year, have lunch and a Q&A session.
This will be a great opportunity to get to know who WOGI's leadership team is and help educate our shareholders and potential shareholders on the oil field history, reserves and explain the O&G industry at the birthplace of the Oil & Gas Industry. WOGI is drilling less than 30 miles from the birthplace of the oil industry, Titusville, Pennsylvania. This is the place where Quaker State Oil, Pennzoil, Seneca Oil and John D. Rockefeller's -Standard Oil got their start in the oil industry.
So, come out and join WOGI for its first WOGI Walkabout and get your facts straight and from the horse's mouth at the well site. This will be your WOGI's Rites of passage.
"There are those who think they know, but really don't know, some come out and join our WOGI team to get into the know!"
Email for details and to RSVP: info@worldoilgroup.com
About World Oil Group, Inc.
World Oil Group, Inc. (WOGI) is a petroleum company that has traditionally focused on Oil & Gas Exploration in the Pennsylvania markets by and through its wholly owned subsidiary EPA Petroleum, Inc. First Quarter, WOGI is scaling up operations in the MENA, Gulf and Central/South American regions in 2015, the company will keep its shareholders updated.
EPA Petroleum, Inc. "EPA" is a wholly owned subsidiary of World Oil Group, Inc. (WOGI). The Company is an independent producer of crude oil and natural gas. EPA Petroleum is actively involved in drilling activities within the Commonwealth of Pennsylvania using its subcontract drilling partner.
World Oil Group, Inc. is now taking the path breaking challenge to lead the world on its "Sustainable Oil & Gas Field Model" implementing the concepts and related applications model in the Petroleum Industry. WOGI is always seeking new opportunities in the petroleum industry and will look to develop economic growth in the areas it works. As WOGI enters into a market, it will seek to help bring jobs within its foot print. World Oil Group's vision is to grow exponentially with the Petroleum Industries using "The Sustainable Oil & Gas Fields" concepts and applications for E&P & EOR, and Energy Trading in the USA and around the world.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For more information contact:
CONTACT:
Grace Carlton, Communications Director
World Oil Group, Inc.
Ph. 407-777-9228
gcarlton@worldoilgroup.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.
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