Scottsdale, Arizona 8/15/2009 1:13:46 AM
News / Business

Force Energy Corp. (FORC.OB) Announces Acquisition of 50% Working Interest in the Diamond Springs Prospect

QualityStocks would like to highlight Force Energy Corp. (OTCBB: FORC). Force Energy is an Oil & Gas Exploration and Development Company based in Denver, CO with a focus on Wyoming. Using a geology-based methodology, the US Geological Survey estimate a mean of 2.4 trillion cubic feet of undiscovered natural gas and a mean of 41 million barrels of undiscovered oil in the Wind River Basin Province of Wyoming.

 

In the company’s news yesterday,

 

Force Energy Corp. was pleased to announce that it has acquired a full 50% working interest in the Diamond Springs Prospect. The 3,300-acre shallow oil prospect is located within the Wind River Basin in Fremont County, Wyoming.

 

According to the press release, independent 3rd party geologic work has concluded that the three independent but geologically similar prospective locations that comprise the property has the potential for 4.3 million barrels of oil from depths of less than 1,100 feet. The company’s management team believes that the prospect is an exciting project with more than 70 possible drill locations.

 

“We are pleased to announce our 50% stake in the Diamond Springs Prospect,” stated Rahim Rayani, President and CEO of Force Energy Corp. “We have taken a considerably bigger piece of the pie while managing our risk and look forward to teaming up with our working interest partners in bringing this prospect into production.”

 

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Forward-Looking Statement:

This release may contain 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, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.