Actual production and results are beyond the control of management. No assurances can be made as it relates to reserves, production, income, profit, prices, timelines and/or other estimates. It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. Any tax and/or other information herein is provided for illustration purposes only and may include estimates that are uncertain and subject to change. The Company does not provide tax advice and investors should seek the advice of their tax professional. Oil and gas investments involve an extremely high degree of risk, uncertainty and are only suitable for qualified Accredited (SEC Definition) investors who are sophisticated in making business decisions and can bear the financial loss of their entire investment, while delivering a turnkey profit to the Company for providing the prospect development, lease acquisition, drilling, completion, engineering, ongoing production operations and other services. Forward-looking statements are made based upon Management’s current expectations and beliefs concerning future developments and their potential effects upon Encore Energy, Inc. Words such as “estimate”, “will,” “intend,” “continue,” “target,” “expect,” “achieve,” “strategy,” “future,” “may,” “goal,” or other comparable words or phrases or the negative of those words, and other words of similar meaning indicate forward-looking statements and important factors which could affect actual results. Investment Risk, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. Encore shall take reasonable steps to verify the accredited status of each prospective investor. Encore shall only make investment opportunities available only to SEC defined accredited investors who are sophisticated in making investment decisions and can afford the loss of their entire investment. SEC Regulation D, Rule 506(c) – (Federal Exemption): Section 201(a) of the JOBS Act requires the SEC to eliminate the prohibition on using general solicitation under Rule 506 where all purchasers of the securities are accredited investors and the issuer takes reasonable steps to verify that the purchasers are accredited investors, as defined by the SEC. The Company has positioned itself to provide Encore, and its partners, years of production income from both oil and natural gas.Įncore ships oil directly to Ergon through the Kentucky Oil Refining Company (KORC), and sells natural gas directly to Lawrence County Gas LLC.Įncore is the bonded well operator for each project and manages its gas pipeline system(s) through a subsidiary, Encore Peters Branch Gas Pipeline. Lawrence County is one of over sixty oil-producing counties and is the highest oil-producing county in Kentucky, representing nearly 25% of the state’s oil production.Įncore has recently made horizontal oil and natural gas discoveries in the Peters Branch area of Lawrence County and is currently developing a natural gas transmission “pipeline” system to optimize oil production and sell natural gas to the end purchaser. Encore is currently drilling multiple horizontal oil wells directly off-set to some of the very best oil and natural gas production and reserves across this entire horizontal play. Encore is drilling in an area of proven oil and natural gas production where horizontal well projects have produced in excess of ~30000 barrels of oil equivalent (BOE) per well in the first year from the horizontal Berea Oil Sandstone.
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