Bowling Green, KY (August 8, 2016): Encore Energy, Inc. announced today that the Company has released its new corporate video and updated its investment operations webpage at http://www.encore-energy.com/Operations.html
Encore Energy is a fully integrated oil and gas exploration and production company and the most active bonded well operator in south central Kentucky. The Company provides sophisticated SEC defined Accredited investors with the opportunity to participate in multiple-well drilling programs that target several carbonate oil formations in south central Kentucky. In November 2015, Encore’s Roppel #1 “Warsaw” new field oil discovery flowed at ~270 BOPD (24-hr test) and sets up major drilling opportunity in Warren County, Kentucky. Be sure to check out the Roppel #1 blowing oil while drilling at https://www.youtube.com/watch?v=IU-5Xfq695M&feature=youtu.be and the well actually flowing at https://www.youtube.com/watch?v=iO1nygtcmi4&feature=youtu.be
Oil and gas exploration and development involves a high degree of risk and uncertainty. No assurances can be made as it relates to profit, income, reserves, production, timelines or other estimates.
Qualified investors can deduct 100% of the intangible drilling costs (IDC), which typically results in a first-year deduction of ~95% and ~35 – 50% tax savings or subsidy of his or her entire investment. For more information, please contact Encore’s Executive Vice President, Joseph Hooper at (270) 842-1242, ext. 224.
Assumptions, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. Oil and gas investments involve a high degree of risk, uncertainty and are only suitable for qualified Accredited (SEC Definition) investors who are sophisticated in making business decisions and can bear the financial loss of their entire investment. The Company does not provide tax advice and investors should seek the advice of their tax professional. Any tax information herein is provided for illustration purposes only, may include estimates and is subject to change. It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. No assurances can be made and the estimates herein are subject to change, and may represent best case. Actual production is beyond the control of management. In the event that commercial production is achieved, it may take many years to recoup his or her investment. The Company’s lease acreage position under agreement includes acreage under lease, expired, Farmout agreement, verbal agreement, renewals and any other prospective acreage in which the Company has communicated and/or negotiated with the landowner the leasing of oil and gas rights, now or in the future, and the lease / mineral owner has leased or communicated their intent to lease there mineral lease rights to the Company. It is important for qualified investors to acknowledge the fact that the US government provides them with tax savings (100% IDC tax deduction) to mitigate or at least off-set some of the financial risk associated with domestic oil and gas investments. This is not an offer to sell or buy a security. An offer shall only be made by a private placement offering memorandum, and this is not a private placement offering memorandum.