May 11, 2010 (M2 PRESSWIRE via COMTEX) -- Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on Force Fuels, Inc. (OTCBB: FOFU). The Company recently released news as follows:
Force Fuels, Inc. (OTCBB: FOFU) today announces positive results of tests conducted on their newly acquired oil fields in Kansas.
Initial tests conducted on 8 of the 54 previously inactive oil wells confirmed full viability of the existing assets and the untapped development potential of the property. "These results not only increase the value of our property, but also allow us to start implementing our full scale refurbishing plan while we finalize the drilling and stimulation program," commented Force Fuels' CEO Oscar Luppi. The company expects the majority of viable existing wells to be put into production within 60 days.
All eight wells were drilled in the shallower Redd Sands reservoir and, after initial flush, are producing between one and two barrels per day without stimulation. "We are all very enthusiastic about these results; they are exactly what we are hoping for from these kinds of wells. Now we are looking forward to seeing the results of stimulation which we expect to dramatically increase production," commented Thomas Hemingway, Director of Force Fuels.
Well stimulation is a type of technique that requires the introduction of a gas, liquid or chemical to accelerate the extraction of hydrocarbons from the ground.
About Force Fuels, Inc.
Force Fuels, Inc.'s primary products of the company are regulated and standardized energy based products, which do not require a massive marketing or sales force, thus eliminating the related expenses. These energy based products include oil, natural gas, solar and wind. In the oil and gas field the company plans to focus on the purchase of marginally producing shallow oil wells which can be optimized with existing technologies; the purchase of leases with potential for additional drilling in proven producing areas; and the acquisition of in-house know-how to further optimize production through stimulation, refurbishing and site optimization.
More information can be obtained by contacting the company at info@forcefuels.com
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, adverse economic conditions, intense competition, lack of meaningful research results, inadequate capital, termination of contacts or agreements, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products or programs and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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