NWTR - New Western Energy Corporation
NWTR Company Overview and Description
![[image]](http://www.newwesternenergy.com/images/NWE-logo.png)
New Western Energy Corporation is focused on acquiring land leases for properties in the United States that have shown favorable characteristics for the discovery of oil, natural gas and other minerals, and entering into joint ventures to acquire assets in areas in the continental United States. The Company was founded in 2008 and is based in Irvine, Calif.
Their strategy creates value for assets and shareholders through:
• Further exploration of existing properties
• Property portfolio management
• Pursuit of strategic transactions
• Maintenance of financial flexibility
• Strategic alignment
NWTR Key Company Management
The New Western Energy senior management team is comprised of highly trained professionals from different areas of expertise. Each officer possesses years of experience at successfully developing projects, teams, departments, and companies. The combined efforts of our management team have contributed to raising capital and launching successful public, and private companies.
JAVAN KHAZALI, PRESIDENT
Javan Khazali has been President and Founder of New Western Energy Corp. since November 2008. From 2008-2009, Mr. Khazali served as President and Chief Executive Officer of Global 8 Environmental Technologies, Inc., a publicly traded, multi-disciplinary environmental solutions company, where he was responsible for business development, marketing and operations. From 2006-2008, Mr. Khazali served as Chief Operating Officer for Financial Media Group, Inc., a publicly traded financial communications and media company, where he was responsible for corporate governance, compliance, business development and operations. Mr. Khazali was responsible for implementing several new operational strategies that directly resulted in increased sales and market capitalization for Financial Media Group, Inc. during those years. Mr. Khazali also worked for Cypost Corporation, initially as Vice-President of Administration in 2001 and later as Chief Executive Officer of Cypost from 2002 to 2003. In 2003, the directors of Cypost filed a Chapter 7 Bankruptcy. During the bankruptcy proceedings, Mr. Khazali assisted Cypost in financial distress negotiations, bankruptcy litigations and helped resolve disputes between Cypost and debt holders, lenders, bank groups, and equity holders. From 1985 to 2000, Mr. Khazali held numerous senior level positions in the food service sector including as a managing partner of two successful restaurants located in Western Canada. He also served as the director of operations of privately held restaurant chain located in various cities of United States and Western Canada having over 300 employees.
NWTR Contact Info
New Western Energy Corp
20 Truman
Suite 204
Irvine, CA 92620
NWTR Website:http://www.newwesternenergy.com
Phone: 949-435-0977
Email: info@newwesternenergy.com
Follow NWTR on Twitter: https://twitter.com/newwesternenerg
Follow NWTR on Facebook:http://www.facebook.com/pages/New-Western-Energy-Corporation/195743367229545
NWTR Recent Developments
NWTR SEC Filings
http://finance.yahoo.com/q/sec?s=NWTR+SEC+Filings
NWTR Headlines
http://finance.yahoo.com/q/h?s=NWTR+Headlines
News for NWTR
Thu, Jan 03, 2013
9:00 AM New Western Energy Corp. Completes Acquisition of 8 Leases Totaling 1,520 Acres and 106 Oil Wells in Rogers County, OK, From Pioneer Oil Development LLC - Globe Newswire
Quote:
IRVINE, Calif., Jan. 3, 2013 (GLOBE NEWSWIRE) -- New Western Energy Corp. (NWTR), an independent energy company engaged in the acquisition, exploration, development and production of oil, gas and minerals primarily in North America, today announced it has completed the acquisition of 8 Oil and Gas Leases totaling 1,520 acres, with 106 Oil Wells and 8 Disposal Wells in Rogers County, OK, from Pioneer Oil Development LLC. New Western intends to provide the development funds necessary to bring in to production the existing wells, as well as the drilling of additional wells upon completion of the work overs. Within the acquired leases is 950 contiguous acres of which a full 640 acre section has open drilling opportunities of multiple proven oil and gas formations. Within this acreage a complete gas gathering infra-structure is in place which will serve our gas production plans of the future.
"Completing these lease acquisitions furthers our strategic footprint in the highly productive region of Rogers County, OK, adding to our existing 80 acre Glass Lease and our 180 acre Phillips Lease," said Javan Khazali, President and CEO of New Western Energy Corp. "We are continuing to execute on our strategy of aggressively acquiring performing assets that are underdeveloped and will drive our growth in production," he continued.
The initial target formation of this acquisition is the Bartlesville Sands which matches our current efforts in the area. Our development plan has three phases: first, we will develop and implement a well refurbishment plan for the newly acquired wells; second, we will expand our geology work and structure mapping of the area so we can maximize our reservoir pressure maintenance program, which would consist of basic water flood programs; third, we will lay out a strategic drilling program that follows our structure mapping and formation development program.
Rogers County is located in the Central Oklahoma platform. To the north, the Central Oklahoma platform merges with the Cherokee basin of southeastern Kansas, in which some of the first commercial oil discoveries for the mid-continent region were made. In the northern part of this district, as in the Cherokee basin, the emphasis is on Cherokee (Pennsylvanian) sand reservoirs. Here the strata are dipping westward so that the depths to these reservoirs become greater from east to west. In the southern part of the Central Oklahoma platform, the greater part of the production comes from pre-Pennsylvanian reservoirs. These reservoirs are located in our leased area.
Thu, Dec 20, 2012
9:00 AM New Western Energy Corp. Completes Acquisition of 300-Acre Fields Lease Contiguous to Its Smith Oil & Gas Lease and Its B&W Ranch Lease in Kansas - Globe Newswire
Wed, Nov 21, 2012
9:00 AM New Western Energy Corp. Retains Caplain Capital Limited. to Provide Investment Banking Services - Globe Newswire
Tue, Oct 16, 2012
8:30 AM New Western Energy Corp. Commences Work-Over Program on the Sam Cannon Well Unit, in the Proven Mississippian Production Zone to Enhance Recovery of Oil and Natural Gas - Globe Newswire
Wed, Oct 10, 2012
9:00 AM New Western Energy Corporation Retains CorProminence to Provide Investor Relations Services - Globe Newswire
Wed, Oct 03, 2012
4:00 PM Terry L. Carroll, Oil and Gas Industry Veteran, Appointed to New Western Energy Corporation Board of Directors - Globe Newswire
Wed, Sep 19, 2012
9:01 AM New Western Energy Completes Drilling Program on Its Swenson Lease in Jones County, TX - Globe Newswire
Mon, Sep 17, 2012
9:01 AM New Western Energy Corp. Completes Phase I of Work-Over Program on the Glass Oil & Gas Lease in Rogers County, Oklahoma - Globe Newswire
Tue, Sep 04, 2012
9:01 AM New Western Energy Corp. Increases Depth of Swenson #1 to Allow More Entry From Existing Pay Zone - Globe Newswire
NWTR daily chart:
NWTR Products and Services
![[image]](http://www.newwesternenergy.com/images/new-western-energy-slide-1.jpg)
Since its inception, New Western Energy Corp. has acquired working interests in several producing oil wells in the Gulf States, and is in negotiations to acquire land leases for additional properties that have shown favorable characteristics for the discovery of oil, natural gas and other minerals.
Current leaseholds are situated in areas in the United States known for the discovery and production of oil and natural gas.
Oklahoma
Phillips
Glass
Texas
Swenson
Reves
McLellan
Trice
Moran
Kansas
B&W Ranch
Fields
Smith
Pennsylvania
Wellsboro
NWTR Galleries:http://www.newwesternenergy.com/gallery/
NWTR STRATEGIC PARTNERSHIPS
Royal Texan Energy Co. (wholly-owned subsidiary)
New Western Energy acquired 100 percent of Royal Texan Energy Co. in January 2012. Royal Texan owns oil and gas leases covering approximately 1,280 acres in Shackelford and Stephens County, Texas, which are now owned by New Western Energy. The acquisition of Royal Texan also provides the Company with additional equipment, expertise and manpower to maximize the value of our projects in Texas, while decreasing operational costs and strengthening our exploration program.
Petroleum Energy Management Co. ("PEMCO")
PEMCO was formed in 2004 to work within the mid-continent marginal well market. PEMCO's team is comprised of oil and gas industry veterans with 65-years of combined experience in petroleum geology and engineering, well stimulation, drilling, and oil recovery. PEMCO also works with its clients to manage day-to-day operations of leases, develop growth strategies, and evaluate potential acquisition opportunities. PEMCO manages the day-to-day operations at the Company's leaseholds in Oklahoma.
Carroll Energy, LLC
Carroll Energy, LLC, Independence, Kansas, is a family-owned company with over 30 years of experience in the oil and gas industry led by Terry Carroll Sr. who has supervised and provided daily management and operations for numerous oil and gas companies, partnerships and private investors involved in the drilling and completing of thousands of wells, constructing, operating, and maintaining hundreds of miles of natural gas gathering pipeline, compression and dehydration facilities, cumulatively producing more than 15 BCF of gas and 750,000 BBLs of oil.
NWTR Financial Reporting/Disclosure & Security Details
![[image]](http://www.otcmarkets.com/content/doc/ps/tier/logo/small/10.png)
OTCQB®
The OTCQB market tier helps investors easily identify companies that are current in their reporting obligations with the SEC or report to a U.S. banking or insurance regulator. OTCQB securities are quoted on OTC Markets Group's quotation and trading system and some may also be quoted on FINRA's BB
NWTR follows under these guidelines on the OTCQB market tier.
Investigate more @http://www.otcmarkets.com/stock/NWTR/quotefor more due diligence.
NWTR Share Structure
Common stock per 10Q Nov 05, 2012 period ending Sept 30, 2012
$0.0001 par value, 100,000,000 shares authorized, 66,890,866 and 64,226,866 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8896140
8k Entry into a Material Definitive Agreement Jan 3, 2013
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9005264
On December 31, 2012, the Registrant consummated the acquisition of 8 oil and gas leases comprising 1,520 acres in Rogers County, Oklahoma, from Pioneer Oil Development LLC. The leases include 106 Oil Wells and 8 Disposal Wells. The registrant acquired the leases for $600,000 consisting of 400,000 shares of its common stock and $300,000 in cash payable over 12 months evidenced by two promissory notes. The Registrant intends to provide the development funds necessary to bring the existing wells into production as well as drilling additional wells upon the completion of the work overs. Within the acquired leases is 950 contiguous acres of which a full 640 acre section has open drilling opportunities of multiple proven oil and gas formations. Also, within the acreage is a complete gas gathering infrastructure in place which will serve our gas production plans of the future
Transfer Agent(s)
Globex Transfer, LLC
780 Deltona Blvd.
Suite 202
Deltona, FL, 32725
386-206-1133
http://www.globextransfer.com
Profile Data
SIC - Industry Classification: 1311 - Crude petroleum and natural gas
Incorporated In: NV, USA
Year of Inc: September 25, 2008
Before You Invest - Investigate! Always do your own due diligence
A critical part of the due diligence: Please be aware, that upon completion of in-depth due diligence there is still a risk factor in all forms of investing.
Please note not all company websites are updated on a regular basis so you should use additional content sources to ensure accuracy.
Resources used in this post: otcmarket.com,www.bloomberg.com,www.finance.yahoo.com,NWTR website
Read more:http://hotchristianstocks.proboards.com/index.cgi?action=display&board=energy&thread=448#ixzz2HEvzGBdL
____________________________________
NWTR Company Overview and Description
New Western Energy Corporation is focused on acquiring land leases for properties in the United States that have shown favorable characteristics for the discovery of oil, natural gas and other minerals, and entering into joint ventures to acquire assets in areas in the continental United States. The Company was founded in 2008 and is based in Irvine, Calif.
Their strategy creates value for assets and shareholders through:
• Further exploration of existing properties
• Property portfolio management
• Pursuit of strategic transactions
• Maintenance of financial flexibility
• Strategic alignment
NWTR Key Company Management
The New Western Energy senior management team is comprised of highly trained professionals from different areas of expertise. Each officer possesses years of experience at successfully developing projects, teams, departments, and companies. The combined efforts of our management team have contributed to raising capital and launching successful public, and private companies.
JAVAN KHAZALI, PRESIDENT
Javan Khazali has been President and Founder of New Western Energy Corp. since November 2008. From 2008-2009, Mr. Khazali served as President and Chief Executive Officer of Global 8 Environmental Technologies, Inc., a publicly traded, multi-disciplinary environmental solutions company, where he was responsible for business development, marketing and operations. From 2006-2008, Mr. Khazali served as Chief Operating Officer for Financial Media Group, Inc., a publicly traded financial communications and media company, where he was responsible for corporate governance, compliance, business development and operations. Mr. Khazali was responsible for implementing several new operational strategies that directly resulted in increased sales and market capitalization for Financial Media Group, Inc. during those years. Mr. Khazali also worked for Cypost Corporation, initially as Vice-President of Administration in 2001 and later as Chief Executive Officer of Cypost from 2002 to 2003. In 2003, the directors of Cypost filed a Chapter 7 Bankruptcy. During the bankruptcy proceedings, Mr. Khazali assisted Cypost in financial distress negotiations, bankruptcy litigations and helped resolve disputes between Cypost and debt holders, lenders, bank groups, and equity holders. From 1985 to 2000, Mr. Khazali held numerous senior level positions in the food service sector including as a managing partner of two successful restaurants located in Western Canada. He also served as the director of operations of privately held restaurant chain located in various cities of United States and Western Canada having over 300 employees.
NWTR Contact Info
New Western Energy Corp
20 Truman
Suite 204
Irvine, CA 92620
NWTR Website:http://www.newwesternenergy.com
Phone: 949-435-0977
Email: info@newwesternenergy.com
Follow NWTR on Twitter: https://twitter.com/newwesternenerg
Follow NWTR on Facebook:http://www.facebook.com/pages/New-Western-Energy-Corporation/195743367229545
NWTR Recent Developments
NWTR SEC Filings
http://finance.yahoo.com/q/sec?s=NWTR+SEC+Filings
NWTR Headlines
http://finance.yahoo.com/q/h?s=NWTR+Headlines
News for NWTR
Thu, Jan 03, 2013
9:00 AM New Western Energy Corp. Completes Acquisition of 8 Leases Totaling 1,520 Acres and 106 Oil Wells in Rogers County, OK, From Pioneer Oil Development LLC - Globe Newswire
Quote:
IRVINE, Calif., Jan. 3, 2013 (GLOBE NEWSWIRE) -- New Western Energy Corp. (NWTR), an independent energy company engaged in the acquisition, exploration, development and production of oil, gas and minerals primarily in North America, today announced it has completed the acquisition of 8 Oil and Gas Leases totaling 1,520 acres, with 106 Oil Wells and 8 Disposal Wells in Rogers County, OK, from Pioneer Oil Development LLC. New Western intends to provide the development funds necessary to bring in to production the existing wells, as well as the drilling of additional wells upon completion of the work overs. Within the acquired leases is 950 contiguous acres of which a full 640 acre section has open drilling opportunities of multiple proven oil and gas formations. Within this acreage a complete gas gathering infra-structure is in place which will serve our gas production plans of the future.
"Completing these lease acquisitions furthers our strategic footprint in the highly productive region of Rogers County, OK, adding to our existing 80 acre Glass Lease and our 180 acre Phillips Lease," said Javan Khazali, President and CEO of New Western Energy Corp. "We are continuing to execute on our strategy of aggressively acquiring performing assets that are underdeveloped and will drive our growth in production," he continued.
The initial target formation of this acquisition is the Bartlesville Sands which matches our current efforts in the area. Our development plan has three phases: first, we will develop and implement a well refurbishment plan for the newly acquired wells; second, we will expand our geology work and structure mapping of the area so we can maximize our reservoir pressure maintenance program, which would consist of basic water flood programs; third, we will lay out a strategic drilling program that follows our structure mapping and formation development program.
Rogers County is located in the Central Oklahoma platform. To the north, the Central Oklahoma platform merges with the Cherokee basin of southeastern Kansas, in which some of the first commercial oil discoveries for the mid-continent region were made. In the northern part of this district, as in the Cherokee basin, the emphasis is on Cherokee (Pennsylvanian) sand reservoirs. Here the strata are dipping westward so that the depths to these reservoirs become greater from east to west. In the southern part of the Central Oklahoma platform, the greater part of the production comes from pre-Pennsylvanian reservoirs. These reservoirs are located in our leased area.
Thu, Dec 20, 2012
9:00 AM New Western Energy Corp. Completes Acquisition of 300-Acre Fields Lease Contiguous to Its Smith Oil & Gas Lease and Its B&W Ranch Lease in Kansas - Globe Newswire
Wed, Nov 21, 2012
9:00 AM New Western Energy Corp. Retains Caplain Capital Limited. to Provide Investment Banking Services - Globe Newswire
Tue, Oct 16, 2012
8:30 AM New Western Energy Corp. Commences Work-Over Program on the Sam Cannon Well Unit, in the Proven Mississippian Production Zone to Enhance Recovery of Oil and Natural Gas - Globe Newswire
Wed, Oct 10, 2012
9:00 AM New Western Energy Corporation Retains CorProminence to Provide Investor Relations Services - Globe Newswire
Wed, Oct 03, 2012
4:00 PM Terry L. Carroll, Oil and Gas Industry Veteran, Appointed to New Western Energy Corporation Board of Directors - Globe Newswire
Wed, Sep 19, 2012
9:01 AM New Western Energy Completes Drilling Program on Its Swenson Lease in Jones County, TX - Globe Newswire
Mon, Sep 17, 2012
9:01 AM New Western Energy Corp. Completes Phase I of Work-Over Program on the Glass Oil & Gas Lease in Rogers County, Oklahoma - Globe Newswire
Tue, Sep 04, 2012
9:01 AM New Western Energy Corp. Increases Depth of Swenson #1 to Allow More Entry From Existing Pay Zone - Globe Newswire
NWTR daily chart:
NWTR Products and Services
Since its inception, New Western Energy Corp. has acquired working interests in several producing oil wells in the Gulf States, and is in negotiations to acquire land leases for additional properties that have shown favorable characteristics for the discovery of oil, natural gas and other minerals.
Current leaseholds are situated in areas in the United States known for the discovery and production of oil and natural gas.
Oklahoma
Phillips
Glass
Texas
Swenson
Reves
McLellan
Trice
Moran
Kansas
B&W Ranch
Fields
Smith
Pennsylvania
Wellsboro
NWTR Galleries:http://www.newwesternenergy.com/gallery/
NWTR STRATEGIC PARTNERSHIPS
Royal Texan Energy Co. (wholly-owned subsidiary)
New Western Energy acquired 100 percent of Royal Texan Energy Co. in January 2012. Royal Texan owns oil and gas leases covering approximately 1,280 acres in Shackelford and Stephens County, Texas, which are now owned by New Western Energy. The acquisition of Royal Texan also provides the Company with additional equipment, expertise and manpower to maximize the value of our projects in Texas, while decreasing operational costs and strengthening our exploration program.
Petroleum Energy Management Co. ("PEMCO")
PEMCO was formed in 2004 to work within the mid-continent marginal well market. PEMCO's team is comprised of oil and gas industry veterans with 65-years of combined experience in petroleum geology and engineering, well stimulation, drilling, and oil recovery. PEMCO also works with its clients to manage day-to-day operations of leases, develop growth strategies, and evaluate potential acquisition opportunities. PEMCO manages the day-to-day operations at the Company's leaseholds in Oklahoma.
Carroll Energy, LLC
Carroll Energy, LLC, Independence, Kansas, is a family-owned company with over 30 years of experience in the oil and gas industry led by Terry Carroll Sr. who has supervised and provided daily management and operations for numerous oil and gas companies, partnerships and private investors involved in the drilling and completing of thousands of wells, constructing, operating, and maintaining hundreds of miles of natural gas gathering pipeline, compression and dehydration facilities, cumulatively producing more than 15 BCF of gas and 750,000 BBLs of oil.
NWTR Financial Reporting/Disclosure & Security Details
OTCQB®
The OTCQB market tier helps investors easily identify companies that are current in their reporting obligations with the SEC or report to a U.S. banking or insurance regulator. OTCQB securities are quoted on OTC Markets Group's quotation and trading system and some may also be quoted on FINRA's BB
NWTR follows under these guidelines on the OTCQB market tier.
Investigate more @http://www.otcmarkets.com/stock/NWTR/quotefor more due diligence.
NWTR Share Structure
Common stock per 10Q Nov 05, 2012 period ending Sept 30, 2012
$0.0001 par value, 100,000,000 shares authorized, 66,890,866 and 64,226,866 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8896140
8k Entry into a Material Definitive Agreement Jan 3, 2013
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9005264
On December 31, 2012, the Registrant consummated the acquisition of 8 oil and gas leases comprising 1,520 acres in Rogers County, Oklahoma, from Pioneer Oil Development LLC. The leases include 106 Oil Wells and 8 Disposal Wells. The registrant acquired the leases for $600,000 consisting of 400,000 shares of its common stock and $300,000 in cash payable over 12 months evidenced by two promissory notes. The Registrant intends to provide the development funds necessary to bring the existing wells into production as well as drilling additional wells upon the completion of the work overs. Within the acquired leases is 950 contiguous acres of which a full 640 acre section has open drilling opportunities of multiple proven oil and gas formations. Also, within the acreage is a complete gas gathering infrastructure in place which will serve our gas production plans of the future
Transfer Agent(s)
Globex Transfer, LLC
780 Deltona Blvd.
Suite 202
Deltona, FL, 32725
386-206-1133
http://www.globextransfer.com
Profile Data
SIC - Industry Classification: 1311 - Crude petroleum and natural gas
Incorporated In: NV, USA
Year of Inc: September 25, 2008
Before You Invest - Investigate! Always do your own due diligence
A critical part of the due diligence: Please be aware, that upon completion of in-depth due diligence there is still a risk factor in all forms of investing.
Please note not all company websites are updated on a regular basis so you should use additional content sources to ensure accuracy.
Resources used in this post: otcmarket.com,www.bloomberg.com,www.finance.yahoo.com,NWTR website
Read more:http://hotchristianstocks.proboards.com/index.cgi?action=display&board=energy&thread=448#ixzz2HEvzGBdL
____________________________________
All my posts are purely my opinion, Do your own dd please
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