Located in Newport Beach, California, Force Fuel’s primary focus is on the field of regulated and standardized energy based products. Today, Force Fuels took a major step towards prominence with the announcement they have begun to generate revenue from oil production on newly acquired Kansas leaseholds.
The leaseholds, which are located in Montgomery and Chautauqua Counties in southern Kansas, mark a critical step in the young company’s strategy to improve production and optimize cash flow from underperforming oil producing assets.
Leading the way at Force Fuels is Oscar Luppi who serves as the company’s Chairman and CEO. Commenting on what these transactions will mean to the future of Force Fuels, Luppi was quoted as saying, “We are pleased to now be generating revenue from our Kansas-based properties. In a matter of only four months time, we have acquired valuable, oil-rich leases, initiated key technological and commercial relationships, tested and implemented a refurbishing plan, commenced production on two leaseholds and completed our first sales. Moving forward, we intend to remain focused on revitalizing the remaining 11 leases, increasing our monthly oil production and achieving positive cash flow.”
As for future plans with this positive cash flow, Luppi stated, “To that end, we will be re-investing all cash flow generated from the sale of oil back into our Kansas properties to maximize growth of our oil production before winter arrives. Not one single dollar will be used to cover corporate overhead or any expenses that are not directly related to producing crude.”
Currently, Force Fuels is trading in the $0.50 range. With production just beginning, Force Fuels, Inc. is a company that investors will want to keep an eye on.
To learn more about the company as a whole, visit their website at: www.forcefules.com.
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