NWTR: The appointment of a manager of Oklahoma & Kansas operations is a prelude to oil and gas production.
By Ian Gilson, CFA
New Western Energy (OTC BB:NWTR) has appointed Mr. Richard Coody, an oil industry veteran, as manager of its Oklahoma (1780 acres, 127 old wells) and Kansas (2550 acres no wells listed) operations. Mr. Coody has over 25 years of experience in oil/gas well operations.
This appointment is an important step in evaluating the existing wells for remediation and production and where to drill new wells.
We would anticipate some production from this acreage in late 2013 and significant production in 2014.
For additional research on small-cap stocks, please visit scr.zacks.com.
To become a subscriber to Zacks SCR and receive SCR blogs and research reports emailed directly to your inbox, please visit our Subscribe page.
NEW WEST ENERG (NWTR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment