Wentworth Energy Inc. Stock Analysis WNWG

Wentworth Energy, Inc. engages in the exploration, drilling and development of oil and gas. The company is headquartered in Palestine, Texas and currently employs 3 full-time employees. The company went IPO on 2005-02-02. The firm holds oil and gas interests in Anderson County, Freestone County, and Jones County, Texas. The firm holds 90% interest in approximately 27,557 gross acres (approximately 22,682 net acres) of oil and gas fee mineral rights known as the P.D.C. Ball mineral property owned by Roboco Energy, Inc. in Anderson County, Freestone County and Jones County, Texas. The firm has two three-year Oil, Gas & Mineral Leases and a Joint Operating Agreement with Marathon Oil Company and its affiliate (together, Marathon) granting Marathon the right to explore and develop approximately 9,200 acres of its mineral property in Freestone County, Texas. The agreements give Marathon the right to drill oil and gas wells and develop the property.