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WSNC
Traders Alert
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 Elray
Gaming. Inc. (OTC:ELRA)
Online and mobile casino technology, smaller version of Zynga (ZNGA)
- 14 million outstanding, low float...target $0.50+
View Profile/Chart --- ELRA
Quote
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Ludlow
Issues Research Alert on Worthington
Energy (WGAS)
By: staff
reporter, Tom Bustamante
Last Updated: Mar
23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New
York City, issued a research alert on Worthington
Energy, Inc. (OTC:WGAS),
an oil and gas exploration and development company, with a
short-term target of $0.08 to $0.10 per share.
WGAS plans to move ahead with the development of their new
oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with
Laredo Offshore, plans to mobilize an oil drilling platform
from Galveston, TX to their I-1 well site at the first available
weather window. Once on location, the platform tripod will be
erected, and will bring WGAS one step forward to significant oil
production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working
Interest in the recently drilled I-1 well, plus a 2% Override
Interest in the entire Mustang Island 818-L Lease, covering 14,400
acres in the Gulf of Mexico, from Black Cat Exploration &
Production, LLC.
In their note to subscribers, Ludlow Research noted the with under
70 million shares outstanding, progressing with the development of
their new I-1 well, and improving chart technical indicate WGAS
may be positioned for possible move back above its 200-day
trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the
acquisition, exploration, development and drilling of oil and
natural gas properties. Worthington is an energy turnaround
company whose strategy is to acquire cash flow producing
properties with proved and probable reserves, develop the fields
by reworking existing wells and drilling new wells. Worthington
was founded in 2004 and is based in Stateline, Nevada.
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Contact:
Wall Street Newscast
Email: info@wallstreetnewscast.com
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Safe
Harbor Statements:
This
research report includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather
is for informational purposes only. Content contained herein
includes facts, views, opinions and recommendations of individuals
and organizations deemed of interest. Wall Street Newscast ("WSNC")
does not guarantee the accuracy, completeness or timeliness of, or
otherwise endorse these views, opinions or recommendations, or
give investment advice. WSNC, its affiliates, or directors, may or
may not hold a position in the above security from time to time,
and investors are encourage to consider this as a possible
conflict of interest when reviewing this information. In
Compliance with SEC Rule 17B Wall Street Newscast was compensated one thousand
five hundred dollars for ongoing research and media coverage. WSNC may hold a position
in above securities from time to time, and
thus should be considered a possible conflict of interest when
reviewing this report and information. These investments may
involve a high degree of risk, thus investors are highly
encouraged to consult with a financial advisor before any and all
investments.
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