Wentworth Energy, Inc.
PINK SHEETS : WNWG

Wentworth Energy, Inc.

August 09, 2005 08:38 ET

Wentworth Energy Trading on Pink Sheets as WNWG

FORT WORTH, TEXAS--(CCNMatthews - Aug. 9, 2005) - Wentworth Energy, Inc. (PINK SHEETS:WNWG) announced today that the Company's common stock has begun trading in the over the counter markets under the symbol "WNWG". Quotations may be obtained at www.pinksheets.com.

Wentworth Energy, Inc. is a diversified energy company focused on the responsible development of America's natural resources while providing maximum shareholder value. The Company is currently pursuing a diverse portfolio of high value, low risk energy projects such as 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. In addition, Wentworth Energy owns a 10% working interest in a producing 947-acre oil and gas project located within the Henry Dome Field near Tilden, Texas.

John Punzo, Chairman and CEO of Wentworth Energy stated, "We are pleased to have begun trading on the Pink Sheets, but it is just the first step of our goal of being listed on a national exchange. We are excited about our growing list of quality opportunities, and we look forward to solidifying our project base and continuing to build shareholder value in the months and years ahead."

Wentworth Energy's management team has developed a comprehensive strategy for oil, gas and energy exploration. Their 50+ years of combined experience, expertise and determination to succeed, is funneled into the development of energy exploration, fiscal responsibility, corporate governance, and social and environmental sensitivity required for a high-value, growth-oriented business.

OPPORTUNITY SUMMARY

NORTH-CENTRAL TEXAS/BARNETT SHALE

Wentworth Energy is in negotiations to purchase a working interest in a 3,300-acres oil & gas property in North-Central Texas. The project is located in an extremely active portion of the Barnett Shale gas play. The Barnett Shale is estimated to contain 30 trillion cubic feet of gas and is currently the largest onshore gas field in Texas with over 3,500 wells being drilled to date. It is believed that the acreage available to the company could support as many as 20 horizontal wells.

TEXAS GULF COAST

The Company is also in negotiations to lease all of the minerals underlying a 600 to 1200-acre tract approximately 45 miles southwest of Houston, Texas. Prolific oil and gas fields have been and continue to be discovered in this region with new technology and historically high product prices driving exploration. The prospect is supported by the acquisition of various lines of 2D seismic imaging. Additionally, there are wells adjacent to the prospect that had shows of gas when drilled in the 1930's when there was an oversupply and lack of demand for natural gas. Total reserves underlying the prospect could be as much as 91 billion cubic feet of gas and 5 million barrels of oil.

UTAH OIL SANDS

Ongoing negotiations continue for Wentworth Energy to acquire the sole and exclusive rights to purchase a 100% interest on a significant land position in the Utah oil sands. The target area covers approximately 600 acres of northeastern Utah and is estimated to contain up to 100 million barrels of proven reserves. Given existing pricing combined with the development of latest generation oil sands-specific technologies now available, the Company believes that commercially operated extraction costs, estimated presently from $8.50 to $13.00 per barrel, makes this major project a particularly viable and attractive target acquisition for the Company.

HENRY DOME PROJECT

Wentworth Energy owns a 10% working interest in a producing oil and gas project located near Tilden, Texas. The property consists of 947 acres within the Henry Dome Field and includes two currently producing Edwards's wells, the JB Henry #1 and the EM Henry #2. Both are excellent re-entry candidates for horizontal laterals. Ultimate recoveries from horizontal wells in this field could be considerably higher than the current vertical wells, possibly as high as 2 to 6 billion cubic feet per well.

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