WGI Holdings Appoints New President to Launch New Business Model in the Oil & Gas Industry
04 Décembre 2007 - 9:58PM
Marketwired
HOUSTON, TX announced today that the company has appointed Mr.
Greg Shindler as the company's new President. Mr. Shindler will
direct WGI Holdings' new business model into the Oil & Gas
Industry. Mr. Shindler has a background in the petroleum industry
related to service industry, gas marketing, and production
operations. He has owned and managed a drilling company in west
Texas and has consulted for various oil and gas companies.
Mr. Shindler states, "The petroleum sector is presently very
active and has high potential for investor and company
profitability. WGIH will focus on acquisition of non-producing and
marginal producing properties to implement recompletion workovers
and recover oil & gas left in place behind pipe by previous
owners/operators. WGHI has identified dozens of wells in Kansas,
Oklahoma and Texas that have excellent recompletion potential and
intend to develop these opportunities. I believe that the Company
will have an exciting future in the new direction that we are
heading."
This Press Release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement identified
by the words "expects," "projects," "plans," "feels," "anticipates"
and certain of the other foregoing statements may be deemed
"forward-looking statements." Although Lucas Energy believes that
the expectations reflected in such forward-looking statements are
reasonable, these statements involve risks and uncertainties that
may cause actual future activities and results to be materially
different from those suggested or described in this press release.
These include risks inherent in the drilling of oil and natural gas
wells, including risks of fire, explosion, blowout, pipe failure,
casing collapse, unusual or unexpected formation pressures,
environmental hazards, and other operating and production risks
inherent in oil and natural gas drilling and production activities,
which may temporarily or permanently reduce production or cause
initial production or test results to not be indicative of future
well performance or delay the timing of sales or completion of
drilling operations; risks with respect to oil and natural gas
prices, a material decline in which could cause the Company to
delay or suspend planned drilling operations or reduce production
levels; and risks relating to the availability of capital to fund
drilling operations that can be adversely affected by adverse
drilling results, production declines and declines in oil and gas
prices and other risk factors.
Contact: WGI Holdings, Inc. Houston, Texas Greg Shindler Ph.
713.213.9444 Email Contact
WGI (CE) (USOTC:WGIH)
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