Xtreme Oil & Gas’ 5-Star Project to Commence Injection
October 27, 2011 by admin
Filed under Uncategorized
October 27, 2011 08:30 ET
Xtreme Oil & Gas’ 5-Star Project to Commence Injection
PLANO, TX–(Marketwire - Oct 27, 2011) - Xtreme Oil & Gas, Inc. (OTCBB: XTOG) (OTCQB: XTOG) an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announced three new completed wells on the Company’s West Thrifty property in Brown County Texas passed final testing with the Railroad Commission of Texas allowing us to begin injecting water into our 5-Star Well project. These wells were completed in the Fry Sands formation and the Company expects to begin the injection process in November.
Willard G. McAndrew III, CEO of Xtreme, commented, “Passing these tests is the last critical step we needed to finish before beginning our water injection, with results expected by year end. By using a targeted water-flooding methodology within this 1,200 acre Texas property, we expect to significantly increase our daily oil production from this project. Additionally, geological studies imply we could copy this method in over a dozen additional locations on this property. As we layer on revitalizing well projects, like our 5-Star Well project, to salt water business, we continue to see leverage in our model with the added upside of future drilling projects.”
Xtreme Oil & Gas, Inc.
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 from properties it owns in Texas, Oklahoma, and Kansas.
Forward-Looking Statement
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 Information
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com
Investor Relations:
Bryan Kobel
Alliance Advisors
212-398-2513
Email Contact
Xtreme Oil & Gas Completes Final Testing on Saltwater Disposal Well
October 27, 2011 by admin
Filed under Uncategorized
October 19, 2011 09:05 ET
Xtreme Oil & Gas Completes Final Testing on Saltwater Disposal Well
PLANO, TX–(Marketwire - Oct 19, 2011) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announced today that its Saltwater Disposal Well has completed the final testing required by the Oklahoma Corporate Commission and finished acidizing and fracking the formation to accept saltwater.
The well exhibits unique characteristics for a prolonged period of revenue generation of up to 20 years and stable margins. XTOG’s acidizing work resulted in the well transitioning to a vacuum stage where it will naturally draw in saltwater, creating cost savings for well operations.
Willard G. McAndrew III, CEO of Xtreme, commented, “We have begun the installation of the tanks, pump and disposal pits and expect revenue to commence on this project in the fourth quarter. With letters of intent to potentially dispose of 15,000 barrels of saltwater, representing $7 Million in annual revenue, we are well positioned to have this project contributing to earnings shortly. Completing these tests is the last critical step we needed to finish before beginning our saltwater disposal operations. Maintaining full compliance with the regulatory bodies is always our goal.”
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 from properties it owns in Texas, Oklahoma, and Kansas.
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 Information
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com
Investor Relations:
Alliance Advisors
Bryan Kobel
Vice President
212-398-3486
Xtreme Oil & Gas Retains Alliance Advisors Investor Relations Firm
October 12, 2011 by admin
Filed under Uncategorized
October 11, 2011 08:30 ET
Xtreme Oil & Gas Retains Alliance Advisors Investor Relations Firm
PLANO, TX–(Marketwire - Oct 11, 2011) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, has retained Alliance Advisors, LLC to provide strategic investor relations services in the United States. Alliance Advisors will assist the Company in broadening its presence in the financial markets while helping investors gain a better understanding of the Company’s compelling investment opportunity. The Alliance Advisors’ team will advise the Company in all facets of corporate and financial communications.
“After careful consideration, we are pleased to have selected Alliance Advisors as our investor relations counsel and look forward to working together with their team. Alliance Advisors has a proven track record of representing successful U.S. publicly listed companies and we are confident that together with Alliance Advisors, we will effectively communicate our business model, growth strategy and value proposition to the investment community,” stated Willard G. McAndrew III, CEO of Xtreme Oil and Gas. “Having recently achieved several key operational milestones, we believe now is the ideal time to proactively engage the Wall Street community. We look forward to increasing our exposure to investors while expanding our shareholder base as we strive to improve shareholder value.”
“As the only publicly traded salt water disposal Company, Xtreme Oil & Gas presents a unique investment opportunity to the global investment community,” commented Alan Sheinwald, founder and president of Alliance Advisors. “Management’s ability to close a $2.2 Million financing with the help of du Pasquier, while building a $7 million backlog for the saltwater disposal business, provides a compelling story to tell to our investor audience. Alliance Advisors looks forward to helping management build shareholder value.”
Xtreme Oil & Gas
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.
Forward-Looking Statements
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 Information
Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com
Xtreme Oil & Gas Acquires Rights in Hancock Well
October 12, 2011 by admin
Filed under Uncategorized
October 06, 2011 09:15 ET
Xtreme Oil & Gas Acquires Rights in Hancock Well
PLANO, TX–(Marketwire - Oct 6, 2011) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, has completed its acquisition of working interest in the Hancock Well from the well operator, Husky Ventures Inc. Hancock is located in the Sooner trend in the Anadarko Basin and is drilled to the Hunton formation. The operator expects production to begin next month.
The Hancock well is adjacent to another Hunton well that has produced 18,000 barrels of oil in the previous 9 months and is within a mile of the Company’s Robinson well which has produced over 38,000 barrels of oil in the past 12 months. These wells are all exploiting similar vertical geological structures that are present in the Company’s Kansas properties making horizontal drilling and fracturing technologies an excellent choice for these projects.
“Xtreme continues to leverage our key strategic relationships to expand our oil property holdings,” stated Willard G. McAndrew, CEO of Xtreme. “The Hancock and Robinson wells are using the same successful technologies that will be applied in Kansas. Our collective experience in horizontal drilling technologies has created significant value for all the partners, who have spent approximately $22 million perfecting the science. We expect this well to generate production similar to the surrounding wells in the next 12 months.”
Xtreme Oil & Gas
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.
Forward-Looking Statements
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 Information
Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com
