It is important for qualified investors to acknowledge the fact that the US government provides them with tax savings (100% IDC tax deduction) to mitigate or at least off-set some of the financial risk associated with domestic oil and gas investments.
The Company's lease acreage position under is subject to change and includes acreage under lease, Farmout agreement, verbal agreement, renewals, expired terms and any other prospective acreage in which the Company has communicated and/or negotiated with the landowner the leasing of oil and gas rights, now or in the future, and the lease / mineral owner has leased or communicated their intent to lease there mineral lease rights to the Company. In the event that commercial production is achieved, it may take many years for the investor to recoup his or her investment. Actual production and results are beyond the control of management. No assurances can be made as it relates to reserves, production, income, profit, prices, timelines and/or other estimates. It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. Any tax and/or other information herein is provided for illustration purposes only and may include estimates that are uncertain and subject to change. The Company does not provide tax advice and investors should seek the advice of their tax professional. Oil and gas investments involve a high degree of risk, uncertainty and are only suitable for qualified Accredited (SEC Definition) investors who are sophisticated in making business decisions and can bear the financial loss of their entire investment, while delivering a turnkey profit to the Company for proving the prospect development, lease acquisition, drilling, completion, engineering and ongoing production operations. Forward-looking statements are made based upon Management's current expectations and beliefs concerning future developments and their potential effects upon Encore Energy, Inc. Words such as "estimate", "will," "intend," "continue," "target," "expect," "achieve," "strategy," "future," "may," "goal," or other comparable words or phrases or the negative of those words, and other words of similar meaning indicate forward-looking statements and important factors which could affect actual results. 224.Īssumptions, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. Qualified SEC defined accredited investors can deduct 100% of their investment against all forms of income with years of potential income from production.įor more information, please contact Joseph Hooper at (270) 842-1242, ext. Although reliable production information is not available for the Berea play, at this time, we believe that ~30000+ barrels of oil equivalent (BOE) is a validated and realistic first-year per well production target, added Stengell. “We are extremely pleased with the reservoir quality and future production potential we have seen from our vertical test, and are excited about horizontal well operations, said Steve Stengell, Encore’s President CEO. Berea oil production from Lawrence County, Kentucky represents nearly 25% of the states total annual oil production. Horizontal Berea oil wells in this area have reportedly averaged in the range of ~100 - 150 BOPD over the initial 90 days of production where the well development costs are significantly lower, as compared to other plays across the US. is currently drilling multiple vertical top-holes to test the Upper Devonian Berea Sandstone off-set to verified, proven production. In preparation for horizontal well operations, Encore Energy, Inc. Our service team offers a comprehensive post-construction service and maintenance program including 24-hour on-call support, power quality and proactive maintenance services.BOWLING GREEN, Ky.
Our proven depth in project management and skilled workforce assures quality and safety as part of every project. We have grown as our people and customers have grown.Įncore provides design/build and design/assist services including extensive preconstruction cost analysis and constructability reviews. We credit our success to our craftspeople and industry partners. Encore has earned the reputation of high quality, innovation and customer satisfaction throughout the Rocky Mountain region. Learn more about us.Įncore Electric is a Colorado-based legacy company that focuses on delivering to its customers a wide array of electrical construction projects and maintenance services. About Us: Encore Electric – The Rocky Mountain Region’s Premier Electrical ContractorĪt Encore Electric, we are committed to excellence in providing quality preconstruction, construction, technology solutions, fabrication and service in a safe, timely, and cost effective manner…for all things power, technology and energy.
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