Inform Worldwide Holdings, Inc. (IWWI.OB) Has the Potential to Double Production and Substantially Increase Revenues
Inform Worldwide owns an 80% working interest in production from two oil and gas projects that are currently producing about 60 BOPD and 155 MCFPD. These values amount to an approximated annual production of $1.4 million in oil and $240,000 in natural gas, for a total $1.6 million. Inform Worldwide’s 80% working interest would amount to approximately $1.3 million. The Company believes that there is potential to double production by re-drilling 22 inactive wells on the Cornellus and Roark prospects. If this would happen, the value of production would surpass $3.2 million next year, with Inform Worldwide’s ownership interest exceeding…