May 13 - Monogram Energy Inc. Continues to Produce in Corsicana, Texas
Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that the Company will begin workovers on 3 additional wells early next week in Corsicana, Texas. These wells are part of the T.W. Martin lease and are expected to produce an estimated 270 barrels a month. The workover is expected to take one week to complete and will increase the total number of wells in production to eight. The T.W. Martin lease comprises 70 acres with 12 wells and is located in Navarro County, which produces around 600,000 barrels annually.
"These next three wells should provide us with some nice operating cash flow," stated Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
May 8 - Monogram Energy, Inc. Interview With Jordan Kimmel
Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that CEO will be interviewed by Jordan Kimmel on his highly successful radio show, "Profitable Investing." The live interview will take place on Thursday May 08, 2008 at 11:45 AM EST and will be aired at www.modavox.com/VoiceAmericaBusiness.
Mr. Kimmel is a regular contributor to numerous investing related periodicals, and his stock selection process has been featured in Forbes Magazine. Mr. Kimmel also makes frequent guest appearances on ABC News, CNBC and FOX Business, and hosts his own radio show on Voice America.
"It's a great pleasure to speak with Mr. Kimmel on his radio program," stated Billy King, Chief Executive Officer of Monogram Energy, Inc. "This provides us with some invaluable exposure as we move forward." Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
May 6 - Monogram Energy, Inc. Begins the 15c2-11 Process
Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that the company is taking the necessary steps to become fully reporting and is currently working on their 15c2-11. Monogram Energy, Inc. understands the importance of creating transparency for its shareholders and is committed to seeing this process through to its completion.
"Beginning the process of filing a 15c2-11 information disclosure is an important part of letting our current and potential shareholders have a better understanding of who we are," stated Billy King, Chief Executive Officer of Monogram Energy, Inc. Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner.
Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
April 30 - Monogram Energy, Inc. Completes Its First Sale
Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that the company has generated its first sale from the 5 wells on the T.W. Martin Lease. Monogram Energy is expecting to see continued increases in their revenue from the ongoing sale of their successful work-over projects and from future lease acquisitions. This sale, in the amount of $18,000.00, represents the first round of oil to be sold, and additional sales are expected to take place within the next 30 - 45 days.
With oil prices reaching as high as $119.00 a barrel, Monogram Energy, Inc. is positioning itself to capitalize from a growing domestic industry. "We are extremely pleased to get this first sale under our belts — it's just the beginning for us," stated Billy King, Chief Executive Officer of Monogram Energy, Inc. The company is looking to acquire another 6 - 8 leases by year's end. Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
April 24 - Monogram Energy, Inc. Accelerates Its Acquisition Plan With 7 New Wells
Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced earlier today that the company accelerated its acquisition plan by acquiring the Lacy Rice Lease in Corsicana Shallow (Navarro County, TX), which comprises 100.74 acres and 3 wells, as well as the M.L. Rice Lease, which comprises 8 acres and 4 wells in the same region. The company officially acquired the Rice leases on March 19, 2008. Monogram estimates it will cost $25,000 - $30,000 to bring the wells back into production, and expects the workover on the Rice leases to begin within the next 30 - 45 days. It is anticipated that the workover will be completed within a 2 - 3 week period, for a total of 7 wells (6 oil wells and 1 injection well).
Once the workovers are complete, the Rice leases and the T.W. Martin Lease currently in progress are estimated to produce 450 barrels per month. The company is poised to make its first sale from these wells, and is currently pursuing additional leasing opportunities. The T.W. Martin lease comprises 70 acres with 12 wells and is also located in Navarro County. The county produces around 600,000 barrels annually.
"We are extremely pleased to have made this recent acquisition, and it should help provide us with the ability to continue our acquisition plan," stated Billy King, Chief Executive Officer of Monogram Energy, Inc. The company is looking to acquire another 6 - 8 leases by year's end. Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
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