WENTWORTH ENERGY, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with Item 6 of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008, and the Notes to the Financial Statements contained in this report. Our financial statements and the accompanying notes included elsewhere in this Quarterly Report on Form 10-Q contain additional information that should be referred to when reviewing this material. Certain statements in this discussion may be forward-looking. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ from those expressed in this report. Cautionary statement regarding forward-looking statements Various statements in this report, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future reserves, production, revenues, income and capital spending. When we use the words "will," "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project" or their negatives, other similar expressions or the statements that include those words, it usually is a forward-looking statement. The forward-looking statements contained in this report are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are...
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WENTWORTH ENERGY, INC. Financials

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WENTWORTH ENERGY, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with Item 6 of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008, and the Notes to the Financial Statements contained in this report. Our financial statements and the accompanying notes included elsewhere in this Quarterly Report on Form 10-Q contain additional information that should be referred to when reviewing this material. Certain statements in this discussion may be forward-looking. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ from those expressed in this report. Cautionary statement regarding forward-looking statements Various statements in this report, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future reserves, production, revenues, income and capital spending. When we use the words "will," "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project" or their negatives, other similar expressions or the statements that include those words, it usually is a forward-looking statement. The forward-looking statements contained in this report are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are...
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Wentworth Energy Agrees to Lease Extension

PALESTINE, TEXAS--(Marketwire - 07/07/09) - Wentworth Energy, Inc. (OTC.BB:WNWG - News) announced today that Wentworth has entered into a six-month lease extension with their current Lessee on a 9,000-acre deep well lease on Wentworth's 27,557-acre mineral block in East Texas. The Lessee's current lease on the property expires November 1, 2009. "The Lessee has identified one additional well location in the deep Bossier formation that they would like to drill, but has deferred drilling until 2010," said David Steward, Wentworth Energy's Chief Executive Officer and Chairman.The extension will give the Lessee until April 2010 to drill additional deep Bossier/Haynesville wells on the western portion of the 9,197.83-acre lease. In return for the six month extension, the Lessee has assigned 100% of their working interest (with a 75% NRI) in the Lessee's shallow leases on the mineral block to Wentworth Energy, Inc. The shallow leases are from the surface down to 8,521 ft. and include additional rights to test the Pettit formation.Wentworth Energy has identified three additional shallow well locations with a potential JV Partner out of Tyler, Texas and are continuing to develop additional drill sites. These will be announced once final agreements are signed.In November 2006, Wentworth Energy granted an exclusive three-year lease on approximately 9,000 acres of Wentworth's mineral block within the East Texas Deep Bossier/Cotton Valley/Haynesville Trend. The three-year lease and a Joint Operating Agreement with Wentwort...
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WENTWORTH ENERGY, INC. Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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WENTWORTH ENERGY, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with Item 6 of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008, and the Notes to the Financial Statements contained in this report. Our financial statements and the accompanying notes included elsewhere in this Quarterly Report on Form 10-Q contain additional information that should be referred to when reviewing this material. Certain statements in this discussion may be forward-looking. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ from those expressed in this report. Cautionary statement regarding forward-looking statements Various statements in this report, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future reserves, production, revenues, income and capital spending. When we use the words "will," "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project" or their negatives, other similar expressions or the statements that include those words, it usually is a forward-looking statement. The forward-looking statements contained in this report are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are...
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WENTWORTH ENERGY, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with Item 6 of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008, and the Notes to the Financial Statements contained in this report. Our financial statements and the accompanying notes included elsewhere in this Quarterly Report on Form 10-Q contain additional information that should be referred to when reviewing this material. Certain statements in this discussion may be forward-looking. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ from those expressed in this report. Cautionary statement regarding forward-looking statements Various statements in this report, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future reserves, production, revenues, income and capital spending. When we use the words "will," "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project" or their negatives, other similar expressions or the statements that include those words, it usually is a forward-looking statement. The forward-looking statements contained in this report are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are...
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WENTWORTH ENERGY, INC. Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion should be read in conjunction with our Consolidated Financial Statements and notes thereto referred to in Item 8, the "Cautionary Notice Regarding Forward-Looking Statements," "Items 1. Description of Business," and "Item 2. Description of Properties" in this Annual Report on Form 10-K. Overview and Plan of Operations We are an exploration and production company engaged in oil and gas exploration, drilling and development. We currently have oil and gas interests in Anderson County, Freestone County, Jones County and Leon County, Texas. Our strategy is to develop our current low risk, high probability prospects and to lease out deeper zones of our properties for royalty interests. Due to our lack of adequate financial resources, we are seeking joint ventures or farm-outs to develop our properties. Our financial position is critically dependent upon the following: (1) successful discovery and economical recovery of adequate hydrocarbons on our properties; (2) access to additional equity and/or other forms of funding; (3) finding a joint venture partner to farm-in and develop our properties and (4) obtaining a forbearance and deferral of interest and principal payments from the holders of our senior secured convertible notes and convertible debentures. There can be no assurance that we will be successful in any of these matters. Following the issuance of $32.4 million of Senior Secured Convertible Notes (the "Notes") in July 2006, the Company completed the purchase of a 90% undivided interest in the oil and gas fee mineral rights covering 27,557 gross acres (22,682 net acres) in Anderson, Freestone and Jones counties, Texas (known as the "P.D.C. Ball Property") from Roboco Energy, Inc. ("Roboco") contemporaneously with the acquisition of Barnico Drilling Inc. ("Barnic...
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WENTWORTH ENERGY, INC. Files SEC form 10KSB/A, Annual Report

Item 6. Management's Discussion and Analysis or Plan of Operations The following discussion should be read in conjunction with our Consolidated Financial Statements and notes thereto referred to in "Item 7. Financial Statements" and "Items 1. and 2. Business and Properties - Disclosures Regarding Forward-Looking Statements" in this Annual Report on Form 10-KSB/A Amendment No. 2. Overview and Plan of Operations We are an exploration and production company engaged in oil and gas exploration, drilling and development. We currently have oil and gas interests in Anderson County, Freestone County, Jones County and Leon County, Texas. Our strategy is to develop our current low risk, high probability prospects and to lease out deeper zones of our properties for royalty interests. Due to our lack of adequate resources we may utilize joint ventures or farm-outs to develop our properties. Our financial position is critically dependent upon the following: (1) successful discovery and economical recovery of adequate hydrocarbons on our properties; (2) keeping the drilling operation working for third parties when it is not drilling on our own properties; and (3) access to additional equity and/or other forms of funding. There can be no assurance that we will be successful in any of these matters. Following the issuance of $32.4 million of Senior Secured Convertible Notes ("Notes") in July 2006, the Company completed the purchase of a 90% undivided interest in the oil and gas fee mineral rights covering 27,557 gross acres (22,682 net acres) in Anderson, Freestone and Jones counties, Texas (known as the "P.D.C. Ball Property") from Roboco Energy, Inc. ("Roboco") contemporaneously with the acquisition of Barnico Drilling Inc. ("Barnico"). Of the 10% interest in the mineral rights not owned by the Company, 4% interest is owned by Roboco, a private company owned by Michael S. Studdard, George D. Barnes and Tom J. Temp...
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WENTWORTH ENERGY, INC. Files SEC form 10KSB/A, Annual Report

Item 6. Management's Discussion and Analysis or Plan of Operations The following discussion should be read in conjunction with our Consolidated Financial Statements and notes thereto referred to in "Item 7. Financial Statements" and "Items 1. and 2. Business and Properties - Disclosures Regarding Forward-Looking Statements" in this Annual Report on Form 10-KSB/A Amendment No. 2. Overview and Plan of Operations We are an exploration and production company engaged in oil and gas exploration, drilling and development. We currently have oil and gas interests in Anderson County, Freestone County, Jones County and Leon County, Texas. Our strategy is to develop our current low risk, high probability prospects and to lease out deeper zones of our properties for royalty interests. Due to our lack of adequate resources we may utilize joint ventures or farm-outs to develop our properties. Our financial position is critically dependent upon the following: (1) successful discovery and economical recovery of adequate hydrocarbons on our properties; (2) keeping the drilling operation working for third parties when it is not drilling on our own properties; and (3) access to additional equity and/or other forms of funding. There can be no assurance that we will be successful in any of these matters. Following the issuance of $32.4 million of Senior Secured Convertible Notes ("Notes") in July 2006, the Company completed the purchase of a 90% undivided interest in the oil and gas fee mineral rights covering 27,557 gross acres (22,682 net acres) in Anderson, Freestone and Jones counties, Texas (known as the "P.D.C. Ball Property") from Roboco Energy, Inc. ("Roboco") contemporaneously with the acquisition of Barnico Drilling Inc. ("Barnico"). Of the 10% interest in the mineral rights not owned by the Company, 4% interest is owned by Roboco, a private company owned by Michael S. Studdard, George D. Barnes and Tom J. Temp...
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