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.
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The Company does not provide tax advice and investors should seek the advice of their tax professional.
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Oil and gas investments involve a 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 proving the prospect development, lease acquisition, drilling, completion, engineering and ongoing production operations. Forward-looking statements are made based upon Management's current expectations and beliefs concerning future developments and their potential effects upon Encore Energy, Inc.
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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. “Oil and gas investments involve a high degree of risk, and the lucrative tax benefits attempt to mitigate a good amount the risk associated with these types of oil and gas projects,” added Stengell.įor more information and to see if you qualify as an SEC defined accredited investor, please contact Steve Stengell at (270)438-9956.Īssumptions, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. “Oil prices are soaring, and Goldman Sachs predict crude oil $100 per barrel,” said Steve Stengell, Encore’s President CEO. The escalating demand and tight supply of oil along with the new administration’s energy policies are driving prices of both oil and natural gas to the highest levels in years. Encore has recently made oil and natural gas discoveries and is making plans to drill multiple horizontal wells and develop a natural gas pipeline system to sell natural gas in addition to crude oil. Qualified SEC defined accredited investors have the ability to deduct nearly 100% of their investment against all forms of income in the first year.
#ENCORE ENERGY CALL FULL#
is a full integrated and bond well operator in Kentucky that is targeting the horizontal Berea Sandstone oil and natural gas formation located in Lawrence County, Kentucky. (PRWEB) January 23, 2022Įncore Energy, Inc. "We are also very aware of rising inflationary pressures, so we are putting key expenditures behind us when they are more affordable.BOWLING GREEN, Ky. "enCore is committed to a balanced portfolio of sales contracts with a portion of its production in defined agreements to ensure stability of operations while retaining a significant portion of production set aside to ensure participation in the upside of a rising spot market," added Goranson. This agreement supports the Company's strategy to grow its production pipeline of ISR projects throughout the U.S." We truly appreciate the opportunity to produce domestically sourced uranium and provide the U.S. utilities need domestic supply to achieve greater certainty of supply. Paul Goranson, Chief Executive Officer of enCore Energy said, "With the supply chain disruptions for nuclear fuel resulting from serious geopolitical events, U.S.
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nuclear power plant assurance of cost certainty. The Agreement includes an inflation adjusted ceiling price higher than the current uranium spot market pricing providing the U.S. It covers up to 600,000 pounds of U 3O 8 based on market pricing with a floor price that assures our costs of production are met in today's economic environment. The uranium sales agreement, the third such agreement executed by enCore, is a multi-year agreement commencing in 2025. This agreement supports enCore's business strategy of building ISR (in-situ recovery) production in the United States at its South Texas uranium processing facility. (" enCore" or the " Company") (TSXV: EU) (OTCQB: ENCUF) announced today that it has secured a uranium purchase sales agreement ("Agreement") with a United States ("U.S.") based nuclear power company, following a recent site visit to enCore's Texas operations. CORPUS CHRISTI, Texas, J/PRNewswire/ - enCore Energy Corp.