WWNG WW Energy Inc (CE)

WW Energy (Pink Sheets: WWNG) announces the third well on the Gray Property to be re-entered and completed to produce oil and gas, using the same method that is being proposed on the existing two wells. This should increase the production by 25%-35%. When this well was commercially producing, it was producing 35 bbls. of oil per day. WW Energy intends to do an additional study on the southern New Mexico oil and gas leases that would include Seismic, Geological and Physiological Surveys to determine the feasibility of drilling a very high-risk wildcat exploratory test well. The potential for this well, if proven, would bear an enormous return. So, if we go forward with drilling arrangements and it proves to be a non-productive event, it would result in a total loss of infused capital, or potentially give the company and shareholders a major oil and gas discovery. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.