COSTA MESA, CA--(Marketwire - 02/07/11) - Force Fuels Inc. (OTC.BB:FOFU - News) announces results of Oil Proven Reserves Report and land valuation. Independent study performed by Warpath Energy Inc, places proven Present Value on the Company's Kansas properties at $4,797,917.
The Force Fuels property consists of 13 contiguous properties oil and gas leases that make up approximately 2500 acres. There are 54 wells, mostly drilled to the Redd Sands formation.
The basis for estimating the proved producing reserves was the exploration of historical production. Analogy to adjacent Redd Sands wells was used for forecasting properties where sufficient production data were present for decline exploration.