World Oil Group, Inc.'s Update for Its Pennsylvania Oil Drilling Operation – 10 Well Oil Drilling Project and Its First Off...
19 May 2015 - 10:30PM
Access Wire
Word Oil Group Would Like to Welcome Mr. William A.
Stuebner to Its Board of Advisors
DEBARY, FL / ACCESSWIRE / May 19, 2015 / World
Oil Group, Inc. (PINKSHEETS: WOGI) is pleased to announce the
Company has installed pump jacks on the first two wells that have
been fracked and will begin fracking the 3rd well at the end of
this week. The Company would like to announce the first member of
its advisory board Mr. William A. Stuebner.
FRACKED WELL #1
During the fracking process thousands of gallons of frack water
are pumped into the well to break up the oil deposits within the
shale. After fracking the wells typical will need between 7 to 10
days in these regions to come onto oil. The well needs to be pumped
off from all the frack water being put into them during the
fracking process. This process acts as a primer, so when the water
is pumped off, its draws the oil through its capillaries and then
into flush production. The well has been pumping water for the past
five days and should start to come on to oil within the next few
days.
FRACKED WELL #2
We have finished putting the pump jack on fracked well #2 and
going through final checks before we get this well pumping. We had
some equipment issues on fracked well #1 that caused some delays,
so we are double checking everything twice before turning it on. So
far all looks good and we should begin pumping oil in the next few
days.
3rd WELL TO BE FRACKED
Well is scheduled to begin fracking at the end of this week.
WOGI has sent final payment to complete the entire 10 well
project. WOGI is paid in full and will continue fracking the
remaining 8 wells every couple of weeks.
All geological reports have shown strong oil saturation in every
oil well WOGI has drilled in this 10 well program. Therefore, after
drilling in this region and working with its team and land owners,
the company is very thankful, excited and optimistic for the next 4
-10 well projects the company has available in this region. WOGI
will continue to build its relationships in the region.
For JV, drilling or other Opportunities with WOGI, please
contact us at the contact information below.
World Oil Group formed an advisory Board to take advantage of
personal relationships our CEO Mr. Nathan Hall has with individuals
who can assist WOGI moving in the right direction. The Company is
with great honor to have Mr. William A. Stuebner as its first
advisor.
Mr. Bill Stuebner brings forty years of international experience
to World Oil Group, Inc. He has worked in Europe, Latin America and
the Caribbean, Africa, Southeast Asia and the Pacific, South Asia
and the Caucasus region of the former Soviet Union. In addition to
serving as a career U.S. Army officer and diplomat, Mr. Stuebner
has held positions with international organizations including the
United Nations and the Organization for Security and Cooperation in
Europe. Since the 1980's, he has worked with the top echelons of
foreign leadership including presidents, prime ministers and
military chiefs of staff. His international connections are
unparalleled, and in almost any country where he does not have
personal top-level access, he knows someone who does. Mr. Stuebner
is also a noted public speaker and writer whose memoir of the
Balkan wars, A Dragon Sleeps, is currently being published serially
in the Bosnian weekly magazine "DANI."
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
Xite Energy, Inc. as its subcontractor 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:
Nathan Hall, President CEO
World Oil Group, Inc.
Ph. 407-777-9228
info@epapetroleum.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.