TULSA, Okla., Nov. 14, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), an emergent, rapidly growing diversified oil and gas regional operator specializing in oil and gas exploration, enhanced recovery methods of abandoned, low-production oil properties, and oil field services, is pleased to announce a dividend for all shareholders of record as of December 3, 2007. According to the details of this dividend, each shareholder shall receive one share of Diversified Oil and Gas Holdings, Limited (Other OTC:DVFI) for every sixteen shares of WRNW owned as of December 3, 2007.
David Rees, WRNW CEO, stated, "We feel that this dividend enhances shareholder value for each of our shareholders." Mr. Rees continued, "This marks the beginning of an exciting partnership with DVFI that we anticipate will enrich the value of WRNW."
About Well Renewal, Inc.
Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in oil and gas exploration as well as enhancement and recovery of abandoned and low production oil properties, and oil field services, and is actively acquiring businesses in the oil and gas industry.
About Diversified Oil & Gas Holdings, Ltd.
Diversified Oil & Gas Holdings Limited is a diversified investment venture capital firm. Its principal business is focused on exploiting and distributing domestic oil and gas reserves. The domestic fuel market is presently estimated to exceed $10 billion.
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.