NWTR: The appointment of a manager of Oklahoma & Kansas operations is a prelude to oil and gas production.

NWTR: The appointment of a manager of Oklahoma & Kansas operations is a prelude to oil and gas production.

posted in: Profile Updates by On January 14th, 2013

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By Ian Gilson, CFA

New Western Energy (OTC BB:NWTRhas appointed Mr. Richard Coody, an oil industry veteran, as manager of its Oklahoma (1780 acres, 127 old wells) and Kansas (2550 acres no wells listed) operations. Mr. Coody has over 25 years of experience in oil/gas well operations.

This appointment is an important step in evaluating the existing wells for remediation and production and where to drill new wells.

We would anticipate some production from this acreage in late 2013 and significant production in 2014.

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