Encore’s immediate focus is targeting "New Field" discoveries for oil projects in Kentucky. The US government provides qualified industry investors with the ability to deduct 100% of their investment in oil and gas against ordinary income. While many other companies in the oil and gas industry are shutting their doors, Encore is acquiring assets, drilling multiple well projects to prove-up acreage and creating an "platform" to bring in investment from larger E & P companies in the future.
Oil and gas exploration and development involves a high degree of risk and is only suitable for sophisticated high net worth Accredited investors (SEC Definition). Encore attempts to mitigate this risk through the diversification provided by its multiple well drilling programs. Encore serves as the bonded well operator and lease owner for each project providing each partnership with direct control of operations. The Company's partnerships are designed to provide qualified participants with monthly income, real-time reporting, transparency, asset protection, maximum tax benefits and relatively low-cost drilling operations, as compared to similar oil and gas projects across the domestic US.
Encore is a bonded well operator with the state of Kentucky and a bonded saltwater disposal well operator with the EPA. The Company's objective is to optimize production and maximize petroleum reserves, while minimizing the environmental footprint of each project. Encore complies with all state and federal regulatory requirements regarding the drilling, completion and production operations and works directly with its landowners to insure that reclamation is performed in such a way that protects the environment. This reclamation regularly includes the seeding and cultivation of the Kentucky CRP (conservation reserve program) in certain lease areas. Encore and/or its management is a proud member of the IPAA Independent Producers Association of America, Kentucky Oil and Gas Association, Bowling Green Chamber of Commerce, Society of Petroleum Engineers and American Association of Petroleum Landmen.
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. 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.
Assumptions, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. 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. Forward-looking statements are made based upon Management's current expectations and beliefs concerning future developments and their potential effects upon Encore Energy, Inc. 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. The Company does not provide tax advice and investors should seek the advice of their tax professional. Any tax and/or other information herein is provided for illustration purposes only and may include estimates that are uncertain and subject to change. It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. No assurances can be made as it relates to reserves, production, income, profit, prices, timelines and/or other estimates. Actual production and results are beyond the control of management. In the event that commercial production is achieved, it may take many years for the investor to recoup his or her investment. The Company's lease acreage position under is subject to change and includes acreage under lease, Farmout agreement, verbal agreement, renewals, expired terms and any other prospective acreage in which the Company has communicated and/or negotiated with the landowner the leasing of oil and gas rights, now or in the future, and the lease / mineral owner has leased or communicated their intent to lease there mineral lease rights to the Company. It is important for qualified investors to acknowledge the fact that the US government provides them with tax savings (100% IDC tax deduction) to mitigate or at least off-set some of the financial risk associated with domestic oil and gas investments. This is not an offer to sell or buy a security. An offer shall only be made pursuant to SEC Regulation D, Rule 506(c) by a private placement offering memorandum, and this is not a private placement offering memorandum.
© 2015 - Encore Energy - All rights reserved
July 6, 2016
Encore Energy Provides 2nd Quarter 2016 Operations Update
Encore currently has a ~15000-acre lease position and prospects targeting several limestone and dolomite oil formations in south central Kentucky with plans to potentially acquire up to ~50000 lease acres in the future.
January 26, 2017
Encore Energy, Inc. Announces Drilling
and Production Plans for 2017 Encore Energy, Inc. is a fully integrated exploration
and production company and currently the most active well operator in south central Kentucky.
August 29, 2016
Encore Energy, Inc. Sponsors Bowling
Green Chamber Coffee Hour
Encore Energy, Inc. is proud to have sponsored Friday's Bowling Green Chamber of Commerce Coffee Hour.
March 9, 2016
Encore Energy Announces Off-set Well Results to its Recent Kentucky Oil Discovery (~270 BOPD IP)
Encore Energy, Inc. announced today that the Company has drilled and completed a direct off-set well to it’s Warsaw discovery that reported a flowing ~270 BOPD IP (24-hr test rate).
October 24, 2016
Encore Energy, Inc. Expands Drilling Operations to Cumberland County, Kentucky Encore Energy, Inc. announced today that the Company plans to drill four (4) initial wells in the Cumberland and/or Monroe counties area, as early as the 4th quarter
The oil and gas business is complicated and involves a high degree of risk and uncertainty. Encore Energy, Inc., serving as the managing general partner and Well operator of each project, works diligently to provide each qualified SEC defined accredited investor with full material disclosure in good faith, prior to making the investment, and complete transparency / real-time communication through each phase of operations. The objective for Encore is to mitigate risk, grow production, income and reserve assets for its partners, long-term, while complying with all state and federal requirements and protecting the environment.
April 27, 2017
Encore Energy, Inc. Announces Plans for its Horizontal Oil Well Drilling Program in Easern Kentucky Encore Energy, Inc. announced plans today to drill a horizontal Berea oil well location in eastern Kentucky.