Wednesday, 20 June 2012

FEGR-Friendly Energy Exploration

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Business Description 
Friendly Energy Exploration engages in the acquisition, exploration, development, and operation of oil and gas properties in the United States. Our primary focus is on acquiring leases and wells in established oil fields to minimize risk. The Company expects to build share value through revenue from oil & gas wells 


BROWNWOOD, TX, Mar 16, 2012 (MARKETWIRE via COMTEX) — Friendly Energy Exploration (OTCBB: FEGR) will soon be re-entering several dormant wells for testing on its Byler Lease in Brown County, Texas.Rick Hutchins, COO, stated, “The current wells producing are wells which were selected months ago to rework in order to determine the steps to take on the Byler lease. The rework on these wells has been successful, and we believe warrants moving to others on the lease for reworking purposes rather than plugging them. Historically, the lease has been very prolific, producing from the Fry Sand at less than 1,300 feet. With the technology we are employing, we expect additional success in our efforts on this lease.”Doug Tallant, President of Friendly Energy, agrees and has stated, “The Byler lease as an older, mature lease still offers additional production potential from the shallow sands. We intend to exploit that in additional to looking at the possibility of drilling a deeper well to test the Caddo Limestone and the Marble Falls Limestone, both prolific in the area and less than 2,800 feet in depth.”About Friendly Energy:Friendly Energy is an exploration, development and production company in the Oil and Gas Exploration Industry. The company is focusing on low cost oil and gas recovery in the State of Texas and Oklahoma. Friendly Energy is committed to building shareholder value by taking advantage of the current market pricing of oil and gas by developing undeveloped reserves with little downside risk. Please see the company’s website: 
We here at Penny Stock Whispers believe a strong bullish move is coming in the days/weeks to come. Keep a close eye on this one as this could provide opportunity to profit greatly.