Inform Worldwide |
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Featured Company
Inform Worldwide Holdings Inc.
(OTCBB: IWWI) Overview
Business Strategy
Acquisitions and Partnerships
Soam Energy Partnership The Company has partnered with Soam Oil & Gas Investments to acquire Soam's interest in two oil and gas projects in Osage County, Oklahoma. The joint venture, known as the "Banning 1 Partnership", encompasses 2,720 acres with 68 wells currently producing nearly 60 barrels of oil daily and over $20,000 net revenue of gas monthly. Of these wells, 22 are currently not producing and the Company believes it cans double production in the first year by re-developing its inactive wells. According to the terms of the agreement, Soam will remain the operator of these projects and the Company will pay Soam’s operating expenses. In exchange, the Company will receive an 80% net revenue interest on the projects. The Company has filed a Notice of Intent with the Pennsylvania Department of Environmental Protection to conduct further exploration activities at these projects.
Acquisition of Coal Mining Leases Product Portfolio Inform Worldwide is partnering with Soam Oil & Gas Investments on the production of oil and natural gas. In future, the Company plans to focus on providing services related to the development of natural resources. Target Market The Company is targeting the US market for sales of its oil and gas production through its partnership with Soam. The US is the world’s largest consumer of natural resources with oil consumption amounting to 20.6 million barrels per day. Coal Mining Joint Ventures The Company is planning to diversify its revenue sources by acquiring other energy assets. It has already acquired an 80% revenue interest in oil and gas exploration projects and is exploring opportunities to acquire interests in coal projects. To identify promising coal acquisition opportunities, the Company recently formed a Coal Advisory Board that will conduct due diligence on potential new projects. In addition, Inform Worldwide has purchased 15 pieces of heavy equipment for surface mining coal, which it will contribute, along with operating funds, to future coal mining joint ventures. The Company recently acquired the first of three leases that comprise the Nowrytown #1 coal mining site in Pennsylvania and expects to close on the remaining leases shortly. Nowrytown #1 has historically produced 3,000 tons of coal per month and has an estimated 100,000 tons of coal in place.
Competitors GMX Resources, incorporated in 1998 and headquartered in Oklahoma City, Oklahoma, explores for crude oil and natural gas in Texas, Louisiana, and New Mexico. Production activities are focused on the Cotton Valley Sands in the Carthage North Field of Harrison and Panola Counties in east Texas. As of December 31, 2006, GMX owned 164 gross (95.8 net) producing wells and oil and natural gas reserves totaling 258,403 million cubic feet. Gasco Energy, Inc. (GSX) Gasco, incorporated in 1997, was formerly known as San Joaquin Resources, Inc. The company explores for and develops natural gas and petroleum extracts in the Western US. Exploration activities are focused in the Rocky Mountain and the company has also commenced drilling activities at the Riverbend Project located in the Uinta Basin of northeastern Utah. As of December 31, 2006 the Company had 39,975,964 million cubic feet of proved gas reserves and 370,581 barrels of proved oil reserves. It holds interests in 4 oil producing wells and 77 gas producing wells. Callon Petroleum Company (CPE) Callon Petroleum Company, founded in 1950, is headquartered in Natchez, Mississippi. At December 31, 2006, Callon had estimated net proved reserves totaling approximately 145.6 billion cubic feet of natural gas equivalent, including 13.3 million barrels of oil and 66.0 billion cubic feet of natural gas, located in the Gulf of Mexico, and Louisiana and Alabama. Brigham Exploration Company (BEXP) Brigham Exploration Company explores for and develops onshore oil and natural gas reserves in the United States. The company owns onshore property interests along the Gulf Coast. These include the Vicksburg trend in Brooks County, Texas; the Frio trend in and around Matagorda County, Texas; and joint venture interests in southern Louisiana in the Rocky Mountains and west Texas. As of December 31, 2006, it had estimated natural gas reserves of 146.5 billion cubic feet. During 2006, Brigham had average daily production of 36.8 million cubic feet of natural gas equivalents. Its production is sold to intrastate pipeline purchasers, operators of processing plants, and marketing companies. The Meridian Resource Corporation (TMR) The Meridian Resource Corporation was founded in 1985 and is headquartered in Houston, Texas. The Company owns interest in reserves located in South Louisiana, the Texas Gulf Coast and the Gulf of Mexico. As of December 31, 2006, it owned interests in leases and lease options encompassing approximately 329,000 gross acres. It owned interests in 121 wells and had proven reserves of approximately 95 billion cubic feet of natural gas equivalent.
OTCPicks.com Safe Harbour Statement: Statements contained in this document, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. OTCPicks.com provides no assurance as to the subject company's plans or ability to effect any planned and/or proposed actions. OTCPicks.com has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company or publicly available sources believed by OTCPicks.com to be reliable, but OTCPicks.com provides no assurance, and none is given, as to the accuracy and completeness of this information. Disclaimer: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is for information purposes only and should not be used as the basis for any investment decision. OTCPicks.com is being compensated up to nine thousand dollars by a third party (Inside Wall Street) for IWWI advertising and promotional coverage. Write or call OTCPicks.com for detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934. OTCPicks.com is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities. It should be considered to be an advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. OTCPicks.com and/or its affiliates, associates and employees from time to time may have either a long or short position in securities mentioned. Information contained herein may not be reproduced in whole or in part without the express written consent of OTCPicks.com. Contact
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Inform
Worldwide Holdings, Inc. (IWWI) is identifying and pursuing revenue
opportunities in natural resources development and servicing. The
Company recently entered into an agreement with Soam Oil & Gas
Investments, LLC to acquire Soam's interest in two significant oil and
gas projects in Osage County, Oklahoma and is also acquiring surface
coal leases in Indiana County, Pennsylvania. 
