FARMINGTON, N.M., Aug. 10, 2006 (PRIMEZONE) -- WW Energy Inc. (Pink Sheets:WWNG) is pleased to offer the following description of potential oil and gas production from the glauconite sands contained in the Montana property letter of intent recently announced.
There is strong evidence that the Lower Cretaceous Glauconite Sand Play, which has been the source for many company-making oil and gas discoveries of Canadian companies operating in Southern Alberta and Saskatchewan, extends into Northwest Montana.
WW Energy, once the letter of intent closes, will have 420,000 acres on the Montana side of the Canadian border that potentially host glauconite sands, which are primarily oil pay zones with associated gas pay found commonly found in the Mannville and Sunburst Channels. Twenty-two miles away, the Fred and George Creek oil discovery in Montana was made in these oil sands, containing fifteen million barrels of oil on five hundred and fifty acres. Drilling is relatively inexpensive due to oil and gas pools generally found at shallow depths.
William B. Hansen, a consulting geologist in Great Falls, Montana, provides the following discussion of the glauconite sands extension from Canada into Montana:
"A correlation across the international border between Canada and the U.S. indicates that the Glauconite Sand of Southern Alberta extends into northwest Montana. A series of detailed well log correlations has been conducted from prolific producing Glauconite fields in Southern Alberta into Glacier County, Montana. It appears that what has historically been called the Sunburst and/or Moulton sands in Montana often (but not always) correlate into the Glauconite sands of Alberta. These sands have produced both oil and natural gas from Northwest Montana fields for many decades, but there have been no systematic stratigraphic studies published of the area. Additional detailed subsurface studies should be successful in identifying the channel trends, and in the process should identify numerous gas and oil drilling opportunities at relatively shallow depths."
Of note is that two hundred miles of 2D seismic records are included with the Montana oil and gas lease purchase under the letter of intent, however 3D seismic is needed to properly identify oil sand targets. WW Energy intends to follow the lead of a number of Canadian companies which have recently begun exploration in Montana by employing 3D seismic to identify those targets.
WW Energy Inc., is a holding company that was created to acquire oil and gas service companies as well as oil and gas-related assets through two wholly owned subsidiaries.
WW Oil & Gas Inc., established in 2005, is in the business of acquiring leases and oil and gas-related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has exploitation projects in Texas, Utah and New Mexico. Comprehensive drill programs are being developed for full exploitation of these projects.
WW Trucking Inc., formed in 1999, is a leading oil and gas services company for the oil field services industry in Utah, Colorado, New Mexico and Arizona (The Four Corners Area). Their existing business operations are in transporting fresh production water for oil drilling/exploration and waste water for disposal. They also provide services for heavy hauling of drilling and well equipment needed in the oil and gas production and exploration industry.
Forward-looking statements:
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results of WW Energy Inc. may achieve could differ materially from any forward-looking statements due to such risks and uncertainties, including but not limited to, the fact that no assurance can be given that any proposed acquisitions will be consummated at all.