COSTA MESA, CA -- (Marketwire) -- 03/07/11 -- Force Fuels, Inc. (OTCBB: FOFU) announced today that they have an agreement with Pioneer Oil Development, LLC, aimed at increasing oil production on 1200 acres of Pioneer Oil's Oklahoma properties.
The property currently has approximately 100 existing oil wells, with 20 in full production. Force Fuels has agreed to jointly drill and operate additional wells, with an aim of increasing production by as many as 10 new wells this year. In the interest of lessening the burden on shareholders, private investor groups will provide funding for the drilling of the wells.