Westmont Resources has made a name for itself by focusing on extracting additional value out of existing oil and natural gas properties. The Company uses a strategy of acquiring and then improving resource sites, assets and companies within the production and service sector for oil and gas, with the overall goal of stitching them all together as a powerful development network.
The key edge employed by WMNS is advanced proprietary extraction technologies like EcoRecovery4™, which is basically green-fracking with biodegradable/organic inputs like the Company’s all-natural, 100% biodegradable FracSolv™. The Company is very confident that they can exploit this low-risk/high-yield approach, achieving a potent growth vector thereby.
Current operations include:
• Marcellus and Chattanooga Shale – 92 leased wells in TN, 60 wells in PA and 60 wells in WV, for a total projected post-workover production of 1,475 BPD with some 23,750 Mcf per day, expected to yield anticipated pretax earnings in the 28-24% range.
• San Miguel Tar Sands – Rights acquired to a 25-well drilling program with proven heavy oil reserves of roughly 3B barrels. Initial engagement is planned as a joint venture agreement with the landowner utilizing Eco-Recovery4. Total projected out of 3,750 BPD with some 625 Mcf per day.
Superior, green extraction technology has attracted a great deal of attention, leading to deals like the European Bond funding scheme developed in conjunction with Regency Financial Group, Inc., to help drive platforms like EcoRecovery4 to a new level of dominance and ubiquity within the sector.
For more information on Westmont Resources, Inc., visit www.westmontresources.com
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