Contrarian Press’ coverage of Force Energy Corporation (FORC) began just after its recent launch into the publicly traded markets. This Q&A from the publisher addresses the top four questions submitted by our internal audience. If you have additional questions, please forward to 877-300-6205 or FORC@ContrarianPress.com.
Q: What is the current drilling status of Force Energy’s Diamond Springs Oil Project, Wyoming?
A: Force Energy Corporation (FORC) is currently permitting its initial 3 wells at its Diamond Springs Prospect, Wyoming – a process that is expected to take up to 60 days. The company has further stated that the Diamond Springs property could hold up to 70 drill locations. Force Energy recently increased its stake in the Diamond Springs project from a 50% working interest to a controlling working interest of 75 percent. Force is now the largest working interest partner at Diamond Springs and has assumed operatorship of the project. With phase-one drilling now imminent, early FORC shareholders stand at the beginning of what could prove to be a very exciting and profitable drilling season.
Q: Can FORC shareholders expect a higher share-price upon successful drilling at Diamond Springs?
A: Force Energy’s number one priority is building long-term shareholder value by way of the drill. The company has received an independent geological report on the Diamond Springs Prospect revealing estimated recoverable reserves of up to 4.3 million barrels of oil. At current oil prices, Diamond Springs could produce up to $280 million in crude oil revenues. The project comprises shallow drilling-targets of approximately 1,100 feet at an estimated cost of only $350,000 per well. For Force Energy, this type of drilling should translate to solid profit-margins on completed wells and quick turnaround times on step-out wells – and ultimately very happy FORC shareholders.
Q: Who has Force Energy tapped to conduct drilling at Diamond Springs and are they the best firm for the job?
A: On 18 September 2009 – just two days after reporting its 75% controlling stake at Diamond Springs – Force Energy made the key announcement that it has selected industry powerhouse Continental Production Company to conduct all drilling and field operations at the Diamond Springs project. In our opinion, these guys are the experts on finding petroleum wealth in resource-rich Wyoming. With over 160 years of combined oil and gas production experience (including such industry leaders as Conoco, Schlumberger, and Exxon) – Continental Production Company is a renowned expert on Wyoming’s petro-geology and boasts a client list that includes $50 billion market-cap Suncor Energy and $3 billion market-cap Whiting Petroleum. For early FORC shareholders, we project that the Force/Continental team is now on the profitable-path of exploiting this pending U.S. oil and gas resource.
Q: How can I become an early Force Energy (FORC) shareholder?
A: Force Energy is publicly traded on the Over-the-Counter Bulletin Board under the symbol FORC. Shares must be purchased through a brokerage firm such as E-Trade or TD Ameritrade. Contact numbers and websites are provided below:
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