WW Energy Inc. (WWNG.PK) Signs Letter of Intent to Acquire Property Expected to Generate Cash Flow of $500,000 per month
Arizona-based WW Energy Inc. (Pink Sheets: WWNG) today announced it has signed a Letter of Intent to acquire Producing Wells in Terry County, Texas. As a holding company in the business of acquiring oil and gas service companies and related assets, WW Energy is conducting an engineering study expected to be completed in the near future. According to the press release, the opportunity to acquire a stake in the Producing Wells is expected to generate a cash flow near $500,000 per month for WW Energy. Drilling of the fields commenced in 1999, and since then, more than 50 wells have…