Force Fuels Out with Breaking News to Expand their Acreage in Kansas
$FOFU Force Fuels Enters Discussion With Pioneer Oil to Purchase 2000 Acres in Southeast Kansas
COSTA MESA, CA--(Marketwire -11/10/11)- Force Fuels, Inc. is a dual exchange listed Company on (OTC.BB: FOFU.PK - News) (OTCQB: FOFU.PK - News) (Pinksheets: FOFU.PK - News). With the completion of Reservoir Pressure Program Force Fuels has entered discussions to expand its holdings in Kansas by over 40%.
"Growth of this size is critical at this phase in our company. Although our stock prices have trended down our company has continued to grow. In the past few months we have completed our geological and drilling plans and prepared to start drilling new wells. Moving forward with our plans and adding this much land to our portfolio of Oil and Gas rich properties, we can continue to buy and sell properties while drilling new wells," said Tom Hemingway, President and CEO.
Force Fuels, Inc. has entered into discussions with Pioneer Oil Development in regard to a Joint Venture development project in Southeast Kansas next to their existing properties. The project includes a 2000 acre oil and gas field that has multiple production zones both for oil and gas. Final contract details are planned to be completed by end of the year and will fit well into our 2012 growth plans. The new well expansion program will commence with the new loans Force Fuels has applied for.
Once Force Fuels has completed the geological analysis and field studies by Carroll Energy, our local engineering partner, the Company can then move forward with the final new well drilling plan. Once the loans are approved and funded, Force Fuels will schedule the drilling contractor and other service work as needed for 15 new wells.
About Force Fuels, Inc.
Force Fuels, Inc.'s primary products of the company are regulated and standardized energy-based products, which do not require marketing or sales force, thus completely eliminating the related expenses. These energy-based products include oil, natural gas, solar, wind and hydrogen. In the oil and gas field the company plans to focus on the purchase of marginally producing shallow oil wells, which are relatively inexpensive to operate and can be optimized with existing technologies; the purchase of leases with potential for additional drilling in proven producing areas; and the acquisition of in-house know-how to further optimize production through stimulation, refurbishing and site optimization.
More information can be obtained at www.ForceFuels.com -- (949) 783-6723
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
PR Financial Marketing LLC
James Blackman
Tel: 713-256-0369
Email Contact
9WV5UBKN4TH7 Follow Us on Facebook http://www.minataurgroup.com/ http://www.stockgoodies.com/
