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Nov 03, 2005 (M2 PRESSWIRE via COMTEX) -- Stocks the Swami noticed: Wentworth Energy Incorporated (OTC), Tesoro Corporation (NYSE: TSO), Suncor Energy(NYSE: SU), Amerada Hess Corporation (NYSE: AHC), and Duke Energy Corp. (NYSE: DUK).
The latest major play for Wentworth Energy, Inc. (OTC: WNWG) recently announced closing acquisition of a large oil sands project in Utah's Unita Basin. Wentworth Energy has acquired 1592-acre lease known as the Asphalt Tar Sands project for a 12 percent royalty on the net proceeds from the property. The Asphalt Ridge Tar Sands are located in the north-northeast flank of the Unita Basin, about 3.5 miles southwest of the town of Vernal, Utah. According to historic geological reports the company believes that total recoverable oil reserves on the project could be over 100 million barrels of oil! Also playing in the fields of Barnett Shale, this young company within the last month made a move in the 70 trillion dollar gas field (as reported on CBS) by closing their 100% working interest in three North Texas oil and gas production leases. The leases are located 120 miles northwest of Fort Worth and cover approximately 240 acres. If you're looking for a Jr. O&G play keep your eye on Wentworth Energy for big moves-this company is moving fast! For more information go to www.wentworthenergy.com.
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This moved from Pinks to OTCBB today. Price dropped .08 to .57, the 52-week low is .50.
Only about 4.5 million shares in the float. It shows that right on their website (www. wentworthenergy. com). I'm going to start watching this. Anyone know anything about it, or playing this?
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