Xtreme Oil & Gas to Present at International Stock Exchange Executives Emeriti Forum

Xtreme Oil & Gas to Present at International Stock Exchange Executives Emeriti Forum

 

PLANO, TX–(Marketwire - 03/17/11) - Xtreme Oil & Gas, Inc. (OTC.BB:XTOG - News) (Pinksheets:XTOG - News) announced today it will be the only company presenting at the annual International Stock Exchange Executives Emeriti (ISEEE) Forum in Orlando, Florida on Monday, March 21, 2011.

 

The purpose of the ISEEE is primarily educational in nature, enabling its members to share information on developments in the world’s financial markets concerning matters such as organization, operations, listing, trading, disclosure, clearing and settlement, access to the market, technical infrastructure, risk management, surveillance and enforcement, investor protection and foreign investment. The ISEEE is comprised of current and former stock exchange chairmen/CEOs and related senior level financial people representing six continents. For more information please visit their website at www.capitalmarketexperts.net.

 

Willard G. McAndrew, CEO of Xtreme, commented, “We are thankful for the privilege to present our company to this group of experienced financial industry executives. This will be our first opportunity to discuss our recent acquisition of 8,516 acres in Kansas.”

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing oil and gas from properties it owns and operates in Texas, Oklahoma and most recently Kansas. Xtreme operates a complementary commercial saltwater disposal business serving the oil and gas industry. Xtreme has strategically positioned its saltwater wells local to producers and truckers alike and will be able offer disposal services to these groups at significantly lower prices.

 

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

ISEEE
www.capitalmarketexperts.net

 

Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtremeoilandgas.com

Xtreme Oil & Gas Acquires Rights in 8,516 Acre Property in Kansas

Xtreme Oil & Gas Acquires Rights in 8,516 Acre Property in Kansas

 

PLANO, TX–(Marketwire - 03/15/11) - Xtreme Oil & Gas, Inc. (OTC.BB:XTOG - News) (Pinksheets:XTOG - News) announced today it has the rights to acquire 50% of the leases and working interest on 8,516 acres in Kansas. Xtreme agreed to purchase the working interest from Husky Ventures Inc. which will initially be the operator of the project.

 

Xtreme’s newest project in Kansas is part of a larger trend that has produced 23,824,000 barrels of oil from the Maquoketa Dolomite and the Viola Dolomite formations representing only 12% of the original oil in place. It is estimated that the remaining 88% of the oil (217 million barrels of oil) in the larger trend is still in place within the historic production boundaries of these leaseholds.

 

The Company plans to produce this formation across different leases covering approximately 8,516 acres in central Kansas, utilizing proven horizontal drilling techniques. The new planned horizontal wellbores will be strategically placed between old wells where the reserves have not been depleted. It is estimated that an additional 10-15% of the reserves can be produced from this larger formation representing over 20,000,000 barrels of oil, with each horizontal wellbore potentially producing 150,000 to 225,000 barrels of oil over the life of the well.

 

Willard G. McAndrew, CEO of Xtreme, commented, “This is an exciting acquisition for us. Finding properties with 88% of the original oil in place that are well suited to applying today’s horizontal drilling technologies to extract it can be rare.”

 

The total cost for the working interest is $1,750,000, largely reimbursement for the land, geologic, engineering and related expenses. To acquire the working interests we will issue 750,000 shares of our Common Stock, paid $125,000 and agreed to pay another $125,000 by April 4, 2011. If we do not pay the balance of the $1,700,000 by May 9, 2011, Husky Ventures may put the stock back to us and reduce our working interest to 15%.

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing oil and gas from properties it owns and operates in Texas and Oklahoma.

 

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtremeoilandgas.com

Xtreme Oil & Gas Form 10 Declared Effective by SEC

Xtreme Oil & Gas Form 10 Declared Effective by SEC

 

PLANO, TX- April 14, 2010 - Xtreme Oil & Gas, Inc. (PINKSHEETS: XTOG) announced today the Form 10 previously filed on February 12, 2010 is now effective. This status allows the Company to finalize the process with the SEC and subsequently take the next steps begin trading on a higher level exchange.

 

Achieving this effective status has been a goal of the Company and meets the commitment to shareholders to take all appropriate steps to become a fully reporting company and begin trading in the public markets. The next step will be to answer the various questions posed by the SEC and file 2009 audited financials.

 

Willard McAndrew, CEO of Xtreme, commented, “We continue to make significant progress in all aspects of our business. The Form 10 filing provides investors with the transparency they need to make informed decisions. I am very proud of our team for having achieved such a significant milestone and for meeting our commitments to our shareholders.”

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

 

The finding and development of oil and gas properties involve significant risks. Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtremeoilandgas.com

Xtreme Oil & Gas Appoints Rear Admiral Edward Allen to Board of Directors

Xtreme Oil & Gas Appoints Rear Admiral Edward Allen to Board of Directors

 

PLANO, TX- March 29, 2010 - Xtreme Oil & Gas, Inc. (PINKSHEETS: XTOG) announced today the appointment of Rear Admiral Ed Allen to Xtreme’s Board of Directors effective upon the Company’s Form-10 being finalized. Admiral Allen is a former U.S. Navy flag officer, a corporate executive and now owns his own Executive Coaching and Consulting business.

 

Achieving the rank of US Navy Rear Admiral, he led six operational commands before serving on the Joint Chiefs of Staff. The Admiral earned a Master’s Degree in International Relations, graduated from the National War College and completed Graduate Business studies in Information Technology. He was awarded the United States Navy League John Paul Jones Award for Inspirational Leadership and the Tailhooker of the Year Award. As a Vice President-Business Development for the Oracle Corporation, Ed focused on e-Business solutions for Department of Defense Agencies and was responsible for Oracle’s Leadership and Executive Coaching initiative. He also serves as Vice Chairman of the Board and Regional Director for Cherry Financial Partners, Inc.

 

Willard McAndrew, CEO of Xtreme, commented, “We are proud to announce that Admiral Allen is joining our Board of Directors. He has a track record of success leading teams through growth phases and will be a powerful addition to Xtreme’s strong and growing team.”

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

 

The finding and development of oil and gas properties involve significant risks. Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtremeoilandgas.com

 

Xtreme Oil & Gas, Inc. Appoints New Director

Xtreme Oil & Gas, Inc. Appoints New Board Member

 

PLANO, TX–(Marketwire - March 16, 2010) - Xtreme Oil & Gas, Inc. (PINKSHEETS: XTOG) announced today the appointment of Mr. E.L. Shockey to the Company’s Board of Directors. Mr. Shockey is a successful and experienced entrepreneur and executive who currently acts as a mentor for many of the companies in his investment portfolio. He will officially join the Board once the Company’s Form 10SB has been declared effective by the SEC.

 

After completing his service in the U.S. Navy, Mr. Shockey entered the software industry and gained broad knowledge of military software and telephony applications while at GE, RCA, Raytheon, and Northern Telecom. He founded Computerware in 1978 and successfully developed and marketed a telephone company management system for shared tenant services. Computerware was bought by a venture capital fund in 1986. Mr. Shockey then founded Telecommunications Support Systems (TSS) to dispatch substitute teachers for schools. Its customers included 600 of the largest school districts in the U.S. and Canada. TSS was sold in 2000 and currently operates as eSchools Solutions, Inc.

 

Willard McAndrew, CEO of Xtreme, commented, “We are proud to announce that Mr. Shockey is joining our Board of Directors. He has a track record of success and innovation in multiple fields spanning five decades and will be a wonderful addition to Xtreme’s strong and growing team.”

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

 

The finding and development of oil and gas properties involve significant risks. Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtremeoilandgas.com

Xtreme Oil & Gas Announces New Land Manager

Xtreme Oil & Gas Announces New Land Manager

 

PLANO, TX – February 24, 2010 – Xtreme Oil & Gas, Inc. (Pinksheets: XTOG) announced today that Belinda Powell has been named the Company’s new Land Manager.

 

Ms. Powell is a highly skilled manager and consultant experienced in running titles, performing title curatives, assisting with Title Opinions as well as locating missing mineral interest owners. She has worked with contract negotiations including joint operating agreements, exploration and development agreements and master service agreements. She has also assisted in oil and gas exploration and development programs, acquisitions, natural gas purchases and sales and marketing agreements.

 

Ms. Powell successfully organized and implemented industry specific accounting systems through various Petroleum Accounting Programs effectively keeping track of Leases, AFE costs, Payroll, Division Order Distribution, and Production Reporting.

 

Most recently, Ms. Powell served as CEO of DFW Oilfield Services and General Manager of Mid-Continent Gas and Oil Consultants, Inc. She also consulted with Global Energy Alternatives as a liaison for international transactions and Caruthers Consulting as executive investment coordinator.

 

Willard McAndrew, CEO and Chairman of Xtreme commented, “Belinda Powell is a wonderful addition to Xtreme’s leadership. She brings with her a wealth of experience and industry insight earned from years of hands-on training.”

 

About the Company

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

 

Notice Regarding Forward-Looking Statements

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Xtreme Oil and Gas, Inc. (”Xtreme” or the “Company”) to successfully drill any wells or proceed with the commercial production of its properties or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as “believes,” “expects,” “may,” “intends,” “anticipates,” “plans,” “estimates,” and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements.

 

Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtremeoilandgas.com

Xtreme Oil & Gas announces new Chief Financial Officer

Xtreme Oil & Gas announces new Chief Financial Officer

 

PLANO, TX – (02/22/2010) – Xtreme Oil & Gas, Inc. (Pinksheets: XTOG) announced today the appointment of Roger Wurtele as the Company’s new Chief Financial Officer.

 

Roger Wurtele is a versatile, experienced finance executive and we are very excited that he has come on board with Xtreme,” Willard McAndrew, CEO and Chairman, said. “His industry experience and proven financial leadership abilities will immediately strengthen our executive team.”

 

Mr. Wurtele was the CFO of a company that operated approximately 900 oil wells, located in three states, and employed fifty-five employees. He created accounting, reporting, and compliance systems and managed the administrative office location.

 

As the former CFO of several public and private companies, he has a broad range of experience in public accounting, corporate finance and executive management. Mr. Wurtele graduated from the University of Nebraska and has 40 years of experience as a CPA.

 

Wurtele replaces Fred Schiemann who has served as CFO for the Company since 2007. Mr. Schiemann will continue to work with the Company as a consultant.

 

About the Company

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

 

Notice Regarding Forward-Looking Statements

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Xtreme Oil and Gas, Inc. (”Xtreme” or the “Company”) to successfully drill any wells or proceed with the commercial production of its properties or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as “believes,” “expects,” “may,” “intends,” “anticipates,” “plans,” “estimates,” and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements.

 

Xtreme Oil & Gas, Inc.
(214) 432-8002

Xtreme Oil & Gas Completes Form 10 Filing

Xtreme Oil & Gas Completes Form 10 Filing

 

February 16, 2010 – Plano, Texas – Xtreme Oil & Gas, Inc., a rapidly growing independent energy company, announced today that it has filed a Form 10 registration statement with the United States Securities and Exchange Commission to become a reporting company under the Securities Exchange Act of 1934. The Form 10 will register our common stock and is a critical step towards becoming a fully reporting company that trades on a U.S. exchange. Once the registration statement is effective, the Company will file annual, quarterly, and periodic reports on Forms 10K, 10Q, and 8-K, respectively.

 

Willard McAndrew, Xtreme’s CEO and Chairman, commented “We at Xtreme are pleased to file our Form 10 with the SEC, an important milestone for our company and a reflection of the significant progress Xtreme Oil & Gas over the last three years. Our expanding asset base and continued oil and gas production leave us well positioned for continued growth in the future.” Mr. McAndrew also noted that “The filing will allow broader exposure for our exciting company and increase the liquidity of our common stock.”

 

About Xtreme Oil & Gas, Inc.

 

Xtreme Oil and Gas, Inc. is a growing independent energy company based in Plano, Texas, engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

 

Our strategy is to increase value by profitably growing our reserves and production, developing existing properties, exploiting undeveloped properties, and completing strategic acquisitions that provide for America’s energy needs.

 

Notice Regarding Forward-Looking Statements

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Xtreme Oil & Gas, Inc. (”Xtreme” or the “Company”) to successfully drill any wells or proceed with the commercial production of its properties or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as “believes,” “expects,” “may,” “intends,” “anticipates,” “plans,” “estimates,” and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Xtreme and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.

 

Xtreme Oil & Gas Completes Lionheart Well

Xtreme Oil & Gas Completes Lionheart Well

 

January 15, 2010

 

Plano, TX - Xtreme Oil & Gas, Inc. is pleased to announce that we have completed the Lionheart Well in Logan County, Oklahoma. Using the latest, most advanced horizontal drilling techniques, we have successfully drilled the 4th and final horizontal leg. The completion work on the surface is finished and we just connected with a pipeline that will be utilized for the gas produced from the well. Xtreme expects two to three weeks of daily production testing before moving to full production.

 

Xtreme drilled and completed the Lionheart Well in the West Edmond Field. This field has produced over 113 million barrels of oil to date and is experiencing a great resurgence of exploration and drilling as new horizontal drilling technologies are enabling producers to extract the sizable reserves still in place in a newly cost effective manner.

 

Xtreme’s success with the Lionheart well combined with increased activity in the field has created the need for a saltwater disposal facility in the immediate area. Xtreme is already addressing this need with the Lenhart Saltwater Disposal Well that should be completed in the 2nd Quarter of 2010.

 

Will McAndrew, CEO and President of Xtreme, commented, “Xtreme is excited to expand its production capacity with the completion of this project. We thank all our partners and vendors who contributed to bringing this project to fruition.”

 

 

About Xtreme Oil & Gas, Inc.

 

Xtreme Oil and Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations focused in the southern United States.

 

Xtreme strategy is to increase value by profitably growing our reserves, production, cash flow and earnings using a balanced program of developing existing properties, exploring and exploiting undeveloped or abandoned properties, and completing strategic acquisitions while maintaining financial flexibility.

 

The Company is currently producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

 

Xtreme continues to expand operations and increase our production of crude oil and natural gas to maximize shareholder value while doing our part to provide to for America’s energy needs now and for the future.

 

 

Notice Regarding Forward-Looking Statements

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Xtreme Oil & Gas, Inc. (”Xtreme” or the “Company”) to successfully drill any wells or proceed with the commercial production of its properties or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as “believes,” “expects,” “may,” “intends,” “anticipates,” “plans,” “estimates,” and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Xtreme and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.

Xtreme Oil & Gas Begins Work on the Lenhart #1 Saltwater Disposal Well

Xtreme Oil & Gas Begins Work on the Lenhart #1 Saltwater Disposal Well

 

January 15, 2010

 

Plano, TX – Xtreme Oil & Gas, Inc. is pleased to announce that we have started work on the Lenhart #1 Saltwater Disposal (SWD) Well in Logan County, Oklahoma. The Lenhart #1 SWD Project Offering opened on October 9th and officially closed on November 30th. Since the date of the close, the Company has made rapid progress towards drilling and completing the disposal well.

 

Xtreme has finalized the drilling contract and is scheduled to move the rig to location in mid February. All of the major vendors have been engaged and ready to begin drilling.

 

Once the well is drilled and completed, the surface equipment will be set to start the disposal of saltwater immediately.

 

Will McAndrew, the CEO of Xtreme, commented, “We are excited to expand our scope of operations with the Lenhart Saltwater Disposal Well. The Company has already been contacted by five other independent oil companies interested in the opportunity to dispose of their saltwater in the Lenhart #1. Combining this incredible outside interest with our own saltwater disposal needs, from our successful drilling of the Lionheart Well, Xtreme believes that the Lenhart SWD should near full capacity within months of completion. “

 

 

About Xtreme Oil & Gas, Inc.

 

Xtreme Oil and Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations focused in the southern United States.

 

Xtreme strategy is to increase value by profitably growing our reserves, production, cash flow and earnings using a balanced program of developing existing properties, exploring and exploiting undeveloped or abandoned properties, and completing strategic acquisitions while maintaining financial flexibility.

 

The Company is currently producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

 

Xtreme continues to expand operations and increase our production of crude oil and natural gas to maximize shareholder value while doing our part to provide to for America’s energy needs now and for the future.

 

 

Notice Regarding Forward-Looking Statements

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Xtreme Oil & Gas, Inc. (”Xtreme” or the “Company”) to successfully drill any wells or proceed with the commercial production of its properties or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as “believes,” “expects,” “may,” “intends,” “anticipates,” “plans,” “estimates,” and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Xtreme and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.

« Previous Page — Next Page »