FARMINGTON, N.M., May 9, 2006 (PRIMEZONE) -- WW Energy Inc. (Pink Sheets:WWNG) is pleased to announce that it's oil and gas subsidiary, WW Oil and Gas Inc., has opened a second office in Fort Duchesne, Utah. The opening of its first office, located in Farmington, New Mexico, was announced earlier this month.
Olin Glover, CEO of WW Energy Inc. commented, "Utah has approximately 7,630 oil and gas wells that are currently in production or capable of some production in the Uinta Basin, which we are targeting. We hope to be able to make an announcement regarding an acquisition in Utah soon."
The Senate Energy Committee has held hearings on the vast reserves of oil found in tar sands and oil shale located in Eastern Utah, western Colorado and southern Wyoming. The amounts of oil, said Sen. Orin Hatch, R-Utah, "are mind-boggling." Who would have guessed that in just Colorado and Utah, there is more recoverable oil than in the Middle East, except we don't count it among our nation's oil reserves because it is not yet being developed commercially."
The company continues to pursue the acquisition of further leases and oil and gas assets in the New Mexico, Utah and Four Corners Areas.
About WW Energy, Inc.
WW Energy Inc. is a holding company that was created to acquire oil and gas service companies as well as oil and gas related assets through two wholly owned subsidiaries.
WW Oil & Gas Inc., established in 2005, is in the business of acquiring leases and oil and gas related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has two exploitation projects encompassing three oil and gas leases in the San Juan Basin area of New Mexico. Comprehensive drill programs are being developed for full exploitation of these projects. ConocoPhillips, XTO Energy and British Petroleum are among those companies active in the San Juan Basin. The company maintains offices in Farmington, New Mexico and Fort Duchesne, Utah.
WW Trucking Inc., formed in 1999, is a leading oil and gas services company for the oil field services industry in Utah, Colorado, New Mexico and Arizona (The Four Corners Area). Their existing business operations are in transporting fresh production water for oil drilling/exploration and wastewater for disposal. They also provide services for heavy hauling of drilling and well equipment needed in the oil and gas production and exploration industry.
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results of WW Energy Inc. may achieve could differ materially from any forward- looking statements due to such risks and uncertainties, including but not limited to, the fact that no assurance can be given that any proposed acquisitions will be consummated at all.