Irvine, Calif., July 29, 2011
New Western Energy Corp. (Pink Sheets: NWTR), an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals in North America, today announced a letter of intent to acquire 100 percent of the outstanding equity interests of 3M Productions, Inc., a Texas-based, oil and gas operator for cash and common shares of New Western Energy.
“We expect this acquisition to positively impact New Western Energy’s margins, manpower and production,” said Javan Khazali, President of New Western Energy Corp.
3M Productions is currently the owner/operator of 15 leases and 42 wells in Shackelford and Stephens County, Texas. Immediately upon closing, New Western Energy shall issue stock and payments of cash, and grant to 3M Productions’ shareholders a 30 percent working interest in any wells currently on the properties owned by 3M Productions and in any and all wells to be drilled in the future by New Western Energy on the properties owned by 3M Productions as of the closing date.
Although we expect to consummate the acquisition within the next 60-days, there is no assurance that the acquisition will be completed.
About New Western Energy Corp.
New Western Energy Corp. is an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated production. Actual results could differ from those projected in any forward-looking statements due to numerous factors including, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
January 5, 2011
New Western Energy Corp., an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals in North America, today announced the formation of New Western Texas Oil and Gas Corporation, a new wholly-owned subsidiary to pursue oil and gas exploration and production projects, and obtain new exploration leases in Texas.
“In the coming year, New Western intends on seeking out opportunities to expand our land position and asset base in Texas, and forging new partnerships with experienced operators in the region,” said Javan Khazali, President of New Western Energy Corp.
Geographically, the largest volume of total oil discoveries in 2009 came mostly from the established areas of Texas, with discoveries of 433 million barrels, according to the Energy Information Administration.
New Western Energy currently has four leases that comprise more than 370 acres in Oklahoma and Pennsylvania. Our three oil leases in Oklahoma are situated in areas known for oil production, and our 23-acre property in Tioga County, Pennsylvania is located in an area that is believed to be part of the Marcellus shale formation, which has been the bread and butter for many leading oil and gas companies including Chesapeake Energy, Fortuna Energy, and Cabot Oil & Gas Corporation.
About New Western Energy Corp.
New Western Energy Corp. is an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated production. Actual results could differ from those projected in any forward-looking statements due to numerous factors including, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
New Western Energy Corp. retains Salberg & Company as auditors to become a fully reporting company
No Comments »Irvine, Calif., March 30, 2010
New Western Energy Corp., an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals in North America, today announced that the Company has retained Salberg & Company, P.A. as its independent auditor. Salberg & Company will immediately initiate an audit of New Western Energy and its operations with the results to be included with the Company’s filings with the SEC.
“The Company has been working diligently for months to organize all of the corporate and financial information to become a fully reporting company in compliance with the SEC requirements,” said Javan Khazali, President of New Western Energy Corp. “We are pleased to announce our relationship with Salberg & Company. They have a great reputation and a track record of helping companies like New Western Energy.”
Salberg & Company, P.A. is a PCAOB registered certified public accounting firm focused on providing high-quality services to a wide range of publicly-held companies and securities broker/dealers.
About New Western Energy Corp.
New Western Energy Corp. is an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated production. Actual results could differ from those projected in any forward-looking statements due to numerous factors including, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
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SEC Filings
| Date Filed | Filing | Files |
|---|---|---|
| 11/14/2011 | 10-Q | |
| 11/2/2011 | 10-Q/A | |
| 8/15/2011 | 10-Q |
All SEC filings.
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