BOWLING GREEN, KY -- (Marketwire) -- 06/20/12 -- Today, Encore Energy, Inc. provided the following progress report for recent lease acquisition transactions made in the Utica Shale of Eastern Ohio.
Serving as the broker representative for certain oil and gas producers and other industry mineral lease owners In the Utica Shale, Encore has on behalf of its clients received and accepted offers exceeding $7 million for nearly 4,000 gross acres in the "wet gas" and "oil" window off-set to Anadarko's production operations in the Utica Shale. Encore currently represents a ~10,000 gross acres in the play and intends to gain access to an additional 25,000 - 50,000 acres or more in the Utica Shale.
The American Oil and Gas Reporter magazine released a feature article regarding Steve Stengell and Encore Energy, Inc., "Experienced Executives Form Companies to Find Oil, Liquids," www.aogr.com/index.php/magazine/editors-choice/experienced-executives-form-new-companies-to-find-oil-liquids
Steve Stengell has recently been recognized by Who's Who for his extraordinary leadership and excellence in the oil and gas industry, www.24-7pressrelease.com/press-release/stephen-s-stengell-recognized-by-worldwide-whos-who-for-excellence-in-the-oil-and-natural-gas-industry-270127.php
If you would like a copy of this article or find out more about Encore Energy, Inc., please contact Bill Champion at (855) 238-1242, ext. 230 or email him directly at email@example.com
We also encourage you to visit our website at www.encore-energy.com or follow us on Facebook at www.facebook.com/EncoreEnergy
About Encore Energy:
The Company's key experience is the utilization of the latest technological advancements related to horizontal drilling operations. Encore is currently working with several industry participants to develop certain Texas oil properties in the future while serving as an oil and gas lease agent in the Utica Shale play of Eastern Ohio.
This release contains forward looking statements and certain goals and/or timelines may or may not be achieved by the Company. There can be no assurance as to the successful capital raise necessary to fund various oil and gas projects for the Company. There exist tremendous risk and uncertainty associated with oil and natural gas exploration and development. Horizontal drilling increases the mechanical risks of operations. No assurances can be made as to the future production rates, reserves, etc. for any given project. It is impossible to accurately forecast oil and/or natural gas production rates, reserves, prices, lease operating expenses, etc. Production estimates may be reported in natural gas equivalent. It is also impossible to accurately predict or estimate the future value of Encore. No assurances can be made that the company will raise the necessary level of funding and/or achieve results from future operations to make the proposed future operations herein profitable. There may be additional risks associated with the Company's operations not known at this time such as project cost overruns, environmental risks etc. This is not an offer to sell a security nor is it an offer to buy a security. An offer will only be made to by a prospectus and this is not a prospectus.
Vice President of Business Development
Phone: (855) 238-1242, ext. 230
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