Syimbol: FORC
Industry: Oil&Gas
Value: $0.24 ( +20% )
Force Energy (OTC:FORC) has entered into an LOI (Letter of Intent)to drill and develop the?Diamond Springs Prospect located within
the Wind River Basin. If successful, the Northwest segment of the
Diamond Springs Prospect alone could yield an estimated return of
approximately $190 Million in gross revenue.
Force Energy has also entered into an LOI on the?Dripping Rock
Prospect, located in Sweetwater County, Wyoming.
Dripping Rock wells are prolific with reserves of up to 20 BCF
(Billion Cubic Feet) per well with an average of 10 BCF.
Assuming 50% recovery of the average Dripping Rock EUR,
drilling 8 wells at $9.00 MCF gas represents an estimated
$360 Million of gas potential in the ground.
Keep an eye on FORC this Tuesday
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