SOURCE: Westar Oil Inc.

February 07, 2007 18:13 ET

Westar Oil to Become a Public Company

LOS ANGELES, CA -- (MARKET WIRE) -- February 7, 2007 -- Westar Oil Inc. has completed its initial testing of its Railroad Valley property. As a result from that testing and other considerations, the Company announces its plans to become a public company. It is expected that the shares are to be valued between $15.00 to $20.00 dollars per share.

With the large acreage position that Westar has in its Railroad Valley property and other assets, the Company feels that it is wise to become a public company in order to capitalize on what is expected to be a very large oil and gas discovery.

Furthermore, the Company has submitted an application and is approved to drill an additional 14 new wells on the 26,000 acres that it owns in Railroad Valley.

Contact Information

  • Contact:
    Westar Oil Inc.
    (310) 275-9020