TULSA, Okla., Jan. 2, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), a rapidly growing diversified oil and gas regional operator, specializing in enhanced technologically advanced recovery of abandoned and low-production oil properties, oil field services and petrochemical distribution, is pleased to announce it has appointed Andy Goodell as the company's Corporate Field Superintendent with over 30 years of oilfield knowledge and expertise.
"Mr. Goodell was highly recruited and Well Renewal is pleased that he has joined the company's senior management team," said E. Will Gray, Well Renewals Chairman and CEO. Mr. Gray added, "Mr. Goodell is highly qualified to oversee all WRNW's daily field operations with his extensive experience in the Oil and Gas industry. His recent position with another successfully traded public company in the NE OK market allows WRNW to take advantage of his wide-ranging local knowledge of the area and finds WRNW well positioned for rapid but controlled growth."
Mr. Goodell has worked in the KS and NE OK area since the mid 70's. Assuming middle and Sr. management positions in all facets of operating light spud Rigs to 3500' air Rigs. He is experienced in oilfield engineering and fabrication as well as manufacturing of industry related equipment. Mr. Goodell has extensive experience in enhanced oil-recovery techniques and will be invaluable to WRNW as it continues to advance its NCO2 technology for improved down-hole production.
About Well Renewal, Inc.
Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in the acquisition, enhancement and recovery of abandoned and low production oil properties, oil field services and petrochemical distribution.
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.