SOURCE: Force Fuels, Inc.

March 07, 2011 09:10 ET

Force Fuels to Increase Oil Production Through Joint Ventures With Pioneer Oil Development, LLC

COSTA MESA, CA--(Marketwire - March 7, 2011) - Force Fuels, Inc. (OTCBB: FOFU) announced today that they have an agreement with Pioneer Oil Development, LLC, aimed at increasing oil production on 1200 acres of Pioneer Oil's Oklahoma properties.

The property currently has approximately 100 existing oil wells, with 20 in full production. Force Fuels has agreed to jointly drill and operate additional wells, with an aim of increasing production by as many as 10 new wells this year. In the interest of lessening the burden on shareholders, private investor groups will provide funding for the drilling of the wells.

CEO Oscar Luppi said: "We are very excited, to have made this joint venture agreement with Pioneer Oil Development and see it as one more step towards reaching the goals we have for Force Fuels Inc. The close proximity of the Oklahoma properties to our Kansas properties has a distinct advantage, in respect to project management, as well as the shared use of production and transportation resources."

More information can be obtained on our website at www.forcefuels.com or by contacting the company at info@forcefuels.com

About Force Fuels, Inc.:

Force Fuels, Inc. operates in the energy field. Its strategy envisions the inclusion of projects involving oil, natural gas as well as alternative energy production using solar and wind power. In the oil and gas field the company is focusing 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.

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