Monogram Energy, Inc. Reworks 2 of 3 Wellsadmin
Wednesday, August 20th 2008
Monogram Energy, Inc. announced that 2 of the 3 wells being reworked on the T.W. Martin lease are proceeding as planned, while the third has been delayed due to weather. The Company is anticipating a 30-40% increase in production following the workovers.
Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. stated, “This weather delay is not expected to have a big impact, and we look for all 3 wells to be on schedule within a few days.”
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.
Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The Company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.