Business
World Oil Group, Inc., Releases a Progress Update on Change in Shareholder Communication(s) and Current Completed and Fracked Oil Wells
DEBARY, FL / ACCESSWIRE / June 26, 2015 / World Oil Group, Inc. (OTC: WOGI) is pleased to an...
About this update from Global Tactical Metals Corp.
[{"type":"text","content":"World Oil Group, Inc., Releases a Progress Update on Change in Shareholder Communication(s) and Current Completed and Fracked Oil WellsDEBARY, FL / ACCESSWIRE / June 26, 2015 / World Oil Group, Inc. (OTC: WOGI) is pleased to announce the Company has completed fracking 4 wells and has begun fracking the 5th well yesterday. The Company has installed pump jacks on 4 of the wells (wells 1, 2, 3, & 4) and began operating 3 of the wells (wells 1, 2, & 3). \nWOGI would further like to introduce Grace Carlton to our shareholders. Mrs. Carlton has assumed the role of Creative Director for World Oil Group, Inc.\nWOGI had some complications during the fracking process that was set to begin on April 15th, 2015, and these complications have delayed the output of oil from the wells.\nNathan Hall our CEO states, the delays have caused many concerns in market, but explaining to our shareholder drilling in Pennsylvania is not like drilling in other place(s) of the United States such as Texas, Oklahoma, and Colorado or even in North Dakota. The historical shallow shale oil drilling in Pennsylvania versus the deep well shale and non-shale platforms in the Western/Northern United States are very different.\nShallow Shale Oil Drilling in Pennsylvania is the birthplace of Oil Drilling in the United States and has vast historical geology in the entire Venango County of Strong Oil Finds. The entire county has great oil saturation to the point oil seeps from the ground without drilling. Therefore, when we drill an oil well and frack the shallow well, its capillaries start to absorb from the entire area and redirect to where the pumping is near.\nTherefore, it becomes a greater ROI with a lower amount of cost to drill wells in this region versus than other regions of the United States, for almost the same amount of oil production. The reason why more people are not drilling in this region is because close groups of shallow well drillers have protected these areas to preserve jobs for the locals. WOGI by and through our local drilling partner supports the local drilling economy. Therefore, we have greater opportunities than most for future drilling projects.\nThe Company's shallow oil well projects are very conservative and never have dry holes due to the geological and historical report(s) we base our drilling programs on.\nAs mentioned before in...