SOURCE: Friendly Energy Exploration

May 25, 2011 08:30 ET

Friendly Energy Announces Production Increase

BROWNWOOD, TX--(Marketwire - May 25, 2011) - Friendly Energy Exploration (OTCBB: FEGR) is pleased to announce that its oil and gas production has increased 50% from 12 BOPD to 18 BOPD over the last three weeks.

COO Rick Hutchins stated: "We continue to execute our plan to rework a group of wells on our leases. We are very happy with our results and expect to see our productions numbers continue to rise."

"Rick and his team have designed a plan to get the company back to profitability. We continue to be on track to reach that goal this year," said Doug Tallant, CEO of Friendly Energy.

About Friendly Energy:

Friendly Energy is an exploration, development and production company in the Oil and Gas Exploration Industry. The Company is focusing on low cost oil and gas recovery in the State of Texas and Oklahoma. Friendly Energy is committed to building shareholder value by taking advantage of the current market pricing of oil and gas by developing undeveloped reserves with little downside risk. Please see the company's website: www.fegr.biz

This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Exploration ("FEGR") reasonably expects to occur in the future. Expectations for the future performance of the business of FEGR are dependent upon a number of factors, and there can be no assurance that FEGR will achieve the results as contemplated herein and there can be no assurance that FEGR will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FEGR disclaims any obligation to update any forward-looking statement made herein.

Contact Information

  • Contact:

    Sean Tallant
    1 970-464-2619