WW Energy Inc. President, Olin Glover, reported on developments that have occurred in the company over the past several months and explained a shift in direction currently underway.
"Over the past several months we have been aggressively reviewing several opportunities in the oil and gas area, to build an initial land bank with good prospects to potentially develop into producing oil and gas fields. More recently, as with the Success Oil acquisition, we have begun to focus on purchasing producing oil and gas properties to take advantage of immediate cash flows as well as further developing the producing acreage. In the near future, we expect to announce further acquisitions of producing oil and gas properties with infrastructure in place. In addition, several opportunities pertaining to alternative energy have appeared and plans are underway to create a separate division within the company should negotiations involving these opportunities be successfully concluded. It's an exciting time for WW Energy and we want to make sure shareholders understand where we're going and why."
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