Worthington Energy provides progress report
Wednesday, Nov 28, 2012
SAN FRANCISCO, Nov. 27, 2012 /PRNewswire/ -- Worthington Energy, Inc. (WGASD : OTCBB) ("Worthington" or the "Company"), an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, takes this opportunity to provide an updated progress report on the status of the Company's I-1 Well.
"I am thrilled to report that production from the Company's I-1 Well is flowing through the pipeline and registering through our sales meter at the Six Pigs processing facility onshore. Final maintenance, testing and clean-up for the well has been completed and we are in full scale production mode," stated Worthington Energy, Inc. President & CEO, Mr. Tony Mason. "Just before Thanksgiving we performed a final separator clean out and installed a compressor, which facilitated pressuring up the line allowing oil and gas production to be metered and sold."
"The I-1 well continues to perform satisfactorily, currently producing West Texas Intermediate (WTI) crude and natural gas, which translates to revenue for the company," continued Mr. Mason. "There were certainly bumps along the road, but our team has worked extremely hard to overcome all obstacles and our perseverance is going to pay off handsomely."
"I look forward to providing additional details regarding actual levels of oil & gas production as they become available in the days, weeks and months to follow. I believe the best is yet to come," concluded Mr. Mason.
Worthington engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in San Francisco, CA. More information about Worthington Energy, Inc. can be found by visiting the Company's website at www.wenergyinc.com.
SOURCE Worthington Energy, Inc.