SOURCE: WW Oil and Gas Inc.

May 13, 2008 12:03 ET

WW Oil and Gas Inc. Makes Third Installment on Wolf Lease Property Acquisition

GAINESVILLE, TX--(Marketwire - May 13, 2008) - WW Oil and Gas Inc. (PINKSHEETS: WOGI), a company in the business of acquiring leases and oil and gas-related assets for the purposes of development, exploration, and exploitation, has made its third payment to Olney Oil and Gas Producers. The company now retains 75% ownership of the 300 acre Wolf Lease Properties located in Young County, Texas. WW Oil and Gas anticipates the lease to produce up to 20 bbls of oil per day as additional wells on the property are brought to stream. The company should conclude the purchase and retain 100% ownership of the properties by June 1, 2008.

About WW Oil and Gas Inc.

WW Oil & Gas Inc. is a holding company established in 2005 was created to acquire oil and gas service companies as well as oil and gas-related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has exploitation projects in Texas, Utah, Oklahoma and New Mexico. Comprehensive drill programs are being developed for full exploitation of these projects.

Forward-looking statements

A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results WW Energy Inc. may achieve could differ materially from any forward-looking statements due to such risks and uncertainties, including but not limited to, the fact that no assurance can be given that any proposed acquisitions will be consummated at all.

Contact Information

  • Contact: WW Oil and Gas
    Mr. Joseph Anthony Smith
    President
    940-612-1481