Worldwide Energies Inc.
Worldwide Energies Inc.: Encouraging exploration project
Worldwide Energies Inc. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Conspicuous increase of interest in an encouraging exploration project After the successful acquisition of interests in a promising oil- and gas-exploration project in July the company intents to increase the interests in this project conspicuously. Because of the very positive actual geological evaluations the company takes the unique chance to get more percentages. Besides other competitors WWE is the favourite partner in this project and could assure an option to worth mentioning dues. Because of the other involved companies the details are private and confidential. Further information will be spread in cooperation with the involved partners and lawyers, presumable in this calendar year. Further more an investment company from Switzerland intents to acquire shares from WWE. These avowal is in discussion with independent experts and consultants and will come to a result in October or November. Inherently the possible synergies will be very beneficial and may maximize the shareholder value for WWE significantly. Additionally WWE is in negotiation with a notable oil company concerning a joint-venture to explore a sizably prospect at the west coast of the US and concerning a long term cooperation. The proceedings should be terminated until the end of this calendar year. About Worldwide Energies, Inc.: Worldwide Energies, Inc. was founded in 2004 as an independent investment company focusing on oil- and gas-exploration. The company’s core business is the acquisition, development and exploitation of oil and gas fields in the US with its well-developed infrastructure, close-by sales markets and stable social and political structures. Worldwide Energies, Inc. mainly invests in already existing oil- and gas-exploration-projects or projects that can be realized rapidly and especially in innovative technologies with a wide application spectrum. The company’s particularly low internal cost is due to lean internal processes and the exploitation of value adding potentials right at source. Worldwide Energies Inc. spreads its entrepreneurial risk by investing in a well balanced risk-portfolio in projects in various development stages, including risky new exploration projects, the so-called 'wildcat-projects', the reactivation of known wells, the so-called 're-entry' with medium risk profile and also in low-risky already producing wells. Disclaimer / Forward-Looking Statements: This notice is only of general nature and not meant as a tender to subscribe for or sell shares of Worldwide Energies, Inc.. This notice contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections and currently available information. They are not guarantees of future performance. The statements contained herein which are not historical are forward-looking statements that are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, certain delays beyond the company's control with respect to commencement of the exploration and production, risks and uncertainties relating to foreign currency fluctuations; risks inherent in exploration including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of resources and reserves and the geology, grade and continuity of deposits; the possibility that future exploration, development or exploration or production results will not be consistent with the companies' expectations; the inability or failure to obtain adequate financing on a timely basis, the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Dover, October 9th, 2008 Worldwide Energies, Inc. 09.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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