Wentworth Energy, Inc.

Wentworth Energy, Inc.

October 25, 2005 07:39 ET

Wentworth Energy Closes on Acquisition of Major Utah Oil Sands Project

FORT WORTH, TEXAS--(CCNMatthews - Oct. 25, 2005) - Wentworth Energy, Inc. (PINK SHEETS:WNWG) announced today that the Company has closed on its acquisition of a large oil sands project in Utah's Unita Basin. Wentworth Energy has acquired 1592-acre lease known as the Asphalt Tar Sands project, for 1,000,000 shares of the Company's common stock and a 12 percent royalty on the net proceeds from the property.

The Asphalt Ridge Tar Sands are located in the north-northeast flank of the Unita Basin, about 3.5 miles southwest of the town of Vernal, Utah. According to historic geological reports the company believes that total recoverable oil reserves on the project could be over 100 million barrels of oil.

John Punzo, Chairman and CEO of Wentworth Energy states, "The acquisition of the Asphalt Tar Sands project has the potential to become Wentworth Energy's legacy asset, defining us as a Company and forming the cornerstone from which we can build shareholder value. The Company's oil sands team is also confident that when the new technologies we are reviewing are validated, we could begin oil production on the leases in the very near future."

Jim Whiteside, President of Oil Sands Development at Wentworth Energy, commented, "The land position we have acquired is located in the heart of Utah's rich oil sands region. The opportunity for Wentworth is to combine this strong asset with the new recovery methods that have been developed over the past several years. Our plans are to work closely with the Utah government to ensure that not only is the oil extracted using the most efficient and cost effective technologies, but that preservation of the environment is also our top priority."

"The Asphalt Ridge Tar Sands Project is located within the largest bituminous sandstone deposit in the Unita Basin," Whiteside noted. "The oil-saturated sands are in the Mesa Verde Group and the Duchesne River Formation and have been identified at varying depths from the surface to 250 feet. This means that the oil can be recovered using open-pit mining techniques, which is a very cost effective method."

"During the past five years there have been at least six new extraction technologies developed which are showing great promise. They all operate on a smaller scale, are more environmentally friendly, and are less capital intensive than the conventional oil sands plants being employed in the Athabasca oil sands of Northern Alberta. In the past, the cost of producing oil from bituminous sands in these smaller deposits has been prohibitive, however, with the development of new extraction methods the projected recovery costs have been reduced to a level at which oil from bituminous sands can compete with oil from conventional sources," Mr. Whiteside said.

About Wentworth Energy, Inc.

Located in Forth Worth, Texas, Wentworth Energy, Inc. is a diversified energy company focused on the responsible development of America's natural resources while providing maximum shareholder value. Wentworth Energy will apply innovative technologies towards the discovery and development of a diverse portfolio of high value, low risk energy projects such as the Company's opportunities in the Texas Barnett Shale gas play, the prolific oil and gas fields of the Gulf Coast, and the oil sands of eastern Utah. Wentworth Energy trades under the ticker symbol WNWG. For more information on the Company visit www.wentworthenergy.com

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Contact Information