SOURCE: Friendly Energy Exploration

May 05, 2011 11:00 ET

Friendly Energy Increases Production

CARSON CITY, NV--(Marketwire - May 5, 2011) - Friendly Energy Exploration (OTCBB: FEGR) is pleased to announce that its oil production has come back online and is now producing 12 BOPD.

COO, Rick Hutchins stated: "After over $1,100,000 of capital improvements, production is back online and has been averaging 12 BOPD. We continue to focus on re-working existing wells and expect to continue showing production growth as we bring more and more wells back online."

"About nine months ago, we decided to invest money and time into the infrastructure of our company, those investments are now starting to pay off," said Doug Tallant, CEO of Friendly Energy. Mr. Tallant added that, "We have previously stated that we expect to reach 100 BOPD by year end and we are on pace to achieve that."

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:
    For Additional Information:

    Sean Tallant
    1 970-464-2619