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Force Energy Corp. (FORC) Announces Project Management Company Appointment, Readies Wyoming Oil & Gas Projects
09/23/08
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Over the last year or so, smaller oil and gas exploration and development companies have been popping up across the North American landscape. Each is working to profit from what many hope is a vast untapped pool of undiscovered or left behind oil and gas. At some point, however, the timing of getting this oil and gas out of the ground, and profiting by it, is not optimum. Market events take over and make exploration and development more difficult. An investor who can find a company with optimally scheduled oil and gas development programs (which also mesh with market variations) is an investor who is ready to profit when events align.
Force Energy Corp., a development-stage oil and gas exploration and development company, works to discover and exploit oil and gas deposits primarily in southwestern Wyoming. The company is currently in a transition phase from exploration to development at its primary well sites.
The company is currently working to put the necessary aspects of a new drilling program in place. Its primary plan is to work from seismic data obtained from others working in the area to reduce costs and increase opportunity. Ultimately, this program is designed to take advantage of developing deeper exploration opportunities that may have been overlooked in the past. It has, however, found opportunities at its Sweetwater, Wyoming sites that offer shallower opportunities.
Since the company is a developmental stage company, however, it has had to follow through on due diligence in every aspect of bringing its sites on line. Because of this, it appears that positive revenue generation may be extended into the future by several quarters.
From a general perspective, the company’s timing may be a good thing. It is currently working to bring several aspects of its drilling program (consultants, geologists, drilling company) together as the financial markets struggle with other matters, access to capital being one. As the company begins to finalize its capital requirements for drilling, after geology and consulting portions of the program are finalized, the company will be better positioned to access the financial markets with solid information on oil and gas revenue projections and costs.
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