Late-August Issue
In this issue of American Energy Review we would like to inform you of a wonderful opportunity for big returns. In the current oil market, select small energy deals are Flying. Ask yourself, where else can you get these kinds of returns this Fast:
DWOG: Closed 8/1 at $.38, hit $.68 on 8/11 EDNE: Closed 7/1 at $2.97, hit $9.06 on 8/8 CWPC: Closed 8/1 at $.44, hit $1.35 on 8/10
As many of you would agree, the investing climate for select energy stocks is on fire, and, as astute investors, that is where you want to be. With this in mind, we would like to present a company poised for Big returns:
WENTWORTH ENERGY, INC.
Symbol: WNWG . PK
Current Price: $1.14 Short Term Target Price: $2.30 12 month Target Price: $4.85
Wentworth Energy, Inc. is a diversified energy company focused on the responsible development of America's natural resources while providing maximum shareholder value. Wentworth Energy will apply innovative technologies towards the discovery and development of a diverse portfolio of high value, low risk energy projects such as the Company's opportunities in the Texas Barnett Shale gas play, the prolific oil and gas fields of the Gulf Coast, and the oil sands of eastern Utah.
***Why we believe WNWG is a winner***
++News From the Sector++
Crude oil prices remained in record territory after soaring to new highs Friday past $66 a barrel as reports of new U.S. refinery outages rekindled fears that gasoline supplies of the world's biggest consumer nation would struggle to meet rising demand.
A spate of refinery glitches, an unusually active hurricane season in the U.S., and concerns over Iran's decision to resume uranium conversion activities weighed heavily on people's minds, pushing prices upward, analysts said.
With bullish sentiment unabated and crude prices hitting consecutive highs this week, analysts expect front-month crude contracts to test the $70 a barrel threshold.
Analysts said gasoline demand, currently at its peak in the U.S. summer driving season, was pushing crude's gains. Last week, U.S. gasoline demand picked up by 1.4 percent from a year ago, according to government data.
++News From WNWG++
FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 23, 2005--Wentworth Energy, Inc. announced today that it is negotiating to acquire a major land position in a large oil sands project in Utah's Unita Basin. The Company has already signed a letter of intent to acquire an initial 600-acre lease in the project area, and is now negotiating to add several additional large acreages to the total project package. Wentworth Energy has commenced due diligence on the entire project, and subject to that review, anticipates closing the acquisitions within 60 days. According to historic geological reports total recoverable oil reserves on the project are estimated at approximately 100 to 500 million barrels of oil.
Numerous major oil companies including Sun Oil, Texaco, Philips and Shell extensively explored the area during the 1970's. During this period, extraction plans were developed and local operations began but the technology was not economically viable at the time. As part of the agreement Wentworth Energy can retain the rights to use a technology approved in Utah that can extract oil from oil sands economically and with no environmental impact. This technology, which utilizes a solvent closed loop extraction process, was in operation until low oil prices no longer made it economically feasible. A 1997 U.S. Department of Energy study concluded that operating costs for a commercial scale operation utilizing this technology were approximately $8,50 to $13,50 per barrel of oil extracted.
The time to get in on this is Now! Once these small companies start moving they appreciate rapidly.
Please Watch this one trade all week!
WNWG . PK **&** WNWG . PK ***** WNWG . PK ***** WNWG . PK ***** WNWG . PK ***** WNWG . PK
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