NWTR: New Western Energy Corp. Appoints Richard Coody, Oil and Gas Industry Veteran as Manager of Its Oklahoma and Kansas Operations
IRVINE, Calif., Jan. 10, 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, announced today the appointment of Mr. Richard Coody as Manager to oversee its Oklahoma and Kansas Operations.
Mr. Coody has over 25 years experience in the oil and gas industry starting with 14 years at Schlumberger. During his career he has traveled and worked in the oil and gas industry throughout the US, Canada, Mexico and China. Most of this time was spent in the well service sector such as well stimulation, cementing and wireline. Mr. Coody has owned and operated his own well service equipment manufacturing companies and consulted for others. In 2005, Mr. Coody established an oil and gas engineering company that designs, operates, manages production and drilling programs for itself and its clients. Further, Mr. Coody is working to develop a practical application for nitrogen pressurization of oil and gas reservoirs with portable low cost equipment. He is in the process of filing a patent for parts of the application.
“I’m extremely excited to work closely with Company’s executive team and look forward to managing and enhancing existing production and in implementing new drilling programs with enhanced recovery technology on the Company’s recently acquired and existing leases in Rogers County Oklahoma,” said Mr. Coody.
“We are delighted to add Mr. Coody to our team as he brings the technical capability and depth of relevant oil and gas operational management experience to the Company at this critical juncture in our aggressive development. Mr. Coody has always been a key contributor in growing production and managing efficient operations, and we are confident that his leadership will provide a similar impact to our operations in Oklahoma and Kansas,” said Javan Khazali, President of New Western Energy Corp.
About New Western Energy Corp.
New Western Energy Corp. is an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America. To learn more about the Company, visit: www.newwesternenergy.com.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated production. Actual results could differ from those projected in any forward-looking statements due to numerous factors including, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as “probable,” “possible,” “recoverable” or “potential” reserves among others, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our Annual Report on Form 10-K and our other filings with the SEC at www.sec.gov or from us at New Western Energy Corp., 20 Truman, Suite 204 Irvine, CA 92620.