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Projects : Diamond Springs Prospect
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Force Energy Corp. (FORC) has entered into an LOI (Letter of Intent) to drill and develop the Diamond Springs Prospect located within the Wind River Basin, Wyoming. Force Energy is seeking to acquire a 75% NRI (Net Revenue Interest) in G2 Petroleum’s inaugural well to be spudded sometime early summer 2008.

G2 Petroleum of Midland, Texas, holds 3,300 acres of prospective oil and natural gas property in Freemont County, Wyoming. Geological reports provided to Force Energy provide an estimated recoverable reserve of approximately 4.3 Million barrels of oil for the Diamond Springs Prospect. Force Energy has negotiated rights to purchase an additional 25% working interest in the field upon receiving results of the completion of the first well.

The Diamond Springs Prospect is comprised of 3 independent but geologically similar prospective locations within the 3,300 acre track and is situated in close proximity to productive oil and gas fields. The Northwest, North, and West Diamond Springs are shallow drilling prospects of 200’ to 1,100’ in depth, with a possible 72 drilling sites between the three locations based on 40 acre spacing.

ABOUT THE INITIAL DRILLING LOCATION

The initial shallow drilling prospect is estimated to be completed within a range of 250’ to 900’ and yield a 75’ pay-zone in the Frontier Sands (a very prolific oil-producing sand). Such a shallow well in this area is initially estimated to cost less than $350,000 for turnkey drilling.

If successful, the Northwest segment of the Diamond Springs Prospect could yield an estimated return of approximately $190 Million in gross revenue. These figures are based on the 2 Million barrels of recoverable oil present for this particular segment of the Diamond Springs Prospect in conjunction with current oil and gas pricing.

 
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