WWNG WW Energy Inc (CE)

WW Energy Inc. (Pinksheets: WWNG) -- a holding company that was created to acquire oil and gas service companies as well as oil and gas-related assets -- announced that the Company has gone forward with the signing of a letter of intent which would lead to the production of wells in Terry County, Texas. This purchase of the working interest in the Terry County, TX. Wells will generate revenues of $500,000.00 per month producing 2,150 bbls. of oil and 3,985 mcfd per day. Of the approximately 75 wells identified to be drilled, six have been completed and another twenty-four wells have been identified for drilling. The strategic ownership of critical pipeline infrastructure, proprietary seismic data and participation in key wells and leases can bring nothing but excitement to this dynamic company. The addition of this revenue for this company will increase its position in the energy sector, enabling further exploration and development opportunities in the future. Forward-looking statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in the release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, enter into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.