BOWLING GREEN, Ky.,
Jan. 23, 2022 /PRNewswire-PRWeb/ --
Encore Energy, Inc. is a full integrated and bond well operator in
Kentucky that is targeting the
horizontal Berea Sandstone oil and natural gas formation located in
Lawrence County, Kentucky. To view
this article, please visit:
https://encore-energy.com/wp-content/uploads/2022/01/Encore-Energy-ME-Oil-and-Gas-Magazine-2022-1.pdf
Qualified SEC defined accredited investors have the ability to
deduct nearly 100% of their investment against all forms of income
in the first year. Encore has recently made oil and natural gas
discoveries and is making plans to drill multiple horizontal wells
and develop a natural gas pipeline system to sell natural gas in
addition to crude oil.
The escalating demand and tight supply of oil along with the new
administration's energy policies are driving prices of both oil and
natural gas to the highest levels in years.
"Oil prices are soaring, and Goldman Sachs predict crude oil
$100 per barrel," said Steve Stengell, Encore's President CEO. "Oil and
gas investments involve a high degree of risk, and the lucrative
tax benefits attempt to mitigate a good amount the risk associated
with these types of oil and gas projects," added Stengell.
For more information and to see if you qualify as an SEC defined
accredited investor, please contact Steve
Stengell at (270)438-9956.
Assumptions, Disclaimer and Cautionary Statement: The
information herein may contain forward-looking statements, and
actual results may vary. 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. Forward-looking statements are made
based upon Management's current expectations and beliefs concerning
future developments and their potential effects upon Encore Energy,
Inc. 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. The
Company does not provide tax advice and investors should seek the
advice of their tax professional. Any tax and/or other information
herein is provided for illustration purposes only and may include
estimates that are uncertain and subject to change. It is
impossible to accurately forecast profitability, production,
reserves, income, expenses and timelines for any project. No
assurances can be made as it relates to estimated reserves,
production, income, profit, prices, timelines and/or other
estimates. Actual production, reserves and results are beyond the
control of management. In the event that commercial production is
achieved, it may take many years for the investor to recoup his or
her investment. 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. 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. This is not an offer to sell or buy a security. An
offer shall only be made pursuant to SEC Regulation D, Rule 506(c)
by a private placement offering memorandum, and this is not a
private placement memorandum.
Media Contact
Steve Stengell, Encore Energy,
Inc., +1 (270) 438-9956, steve.stengell@encore-energy.com
SOURCE Encore Energy, Inc.