SOURCE: Force Fuels, Inc.

June 10, 2010 07:45 ET

Force Fuels CEO Comments on the Importance of Marginal Oil Wells to America's Energy Security

NEWPORT BEACH, CA--(Marketwire - June 10, 2010) -  Force Fuels, Inc. (OTCBB: FOFU). While there has been an increasing interest in and focus on alternative sources of energy in recent years, a number of experts have stressed that the transition to a less hydrocarbon dependent economy is not likely to happen overnight. As a result, nations concerned with promoting energy security have tended to pursue policies designed to, with due prudence, make the most of their existing domestic oil supplies, even as they look to broaden their access to other sources of energy. "85% of producing oil wells in the United States are classified as marginal and produce less than 10 barrels per day; one in six barrels of oil produced in this country comes from a marginal well," stated Oscar Luppi, CEO of Force Fuels, Inc. "Here at Force Fuels, we realize the value of domestic sources of supply to America's energy future, and we are currently involved in acquiring and improving low and moderate production oil properties with an eye to increasing their yield via modern, proven, technological methods."

"We want to add value to everything we do: modern stimulation techniques, such as the innovative Nitrogen Injection Method licensed through our recent joint venture with ERS Inc., can substantially increase the yield from marginal wells. The end result of this process offers the potential of a win/win scenario, as both our shareholders and America's energy security stand to benefit," added Thomas Hemingway, Director and Vice President of Force Fuels.

About Force Fuels, Inc.

Force Fuels, Inc.'s primary focus is in the field of regulated and standardized energy based products. Regulated energy products include oil, natural gas and electricity produced using solar and wind power. In the oil and gas field the company plans to focus on the purchase of marginally producing shallow oil wells which can be optimized with existing technologies; the purchase of leases with potential for additional drilling in proven producing areas; and the acquisition of in-house know-how to further optimize production through stimulation, refurbishing and site optimization.

More information can be obtained by contacting the company at info@forcefuels.com

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, adverse economic conditions, intense competition, lack of meaningful research results, inadequate capital, termination of contacts or agreements, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products or programs and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Contact Information

  • Force Fuels, Inc.
    (949) 783-6723