DENVER, CO, May 27, 2008 - Force Energy Corp. (OTC.BB: FORC) (hereafter “Force”, “the Company”) announces today that G2 Petroleum LLC, Force Energy’s Joint Venture partner on the Diamond Springs Prospect has submitted a form 3160-5 to the Department of the Interior Bureau of Land Management for the Lease Serial # W150316 in Fremont Wyoming. The form 3160-5 is submitted as a notice of intent to have G2’s geochemist perform a geochemical surface survey on the 3,330 plus acres Diamond Springs Prospect.
Decision to begin with the geochemical analysis is due to the results that have been procured thus far with this particular technology. Potter Etal report at least a 55% success rate while reporting dry holes correctly 95% of the time. G2’s Managing Director feels they will secure permission to complete the geochemical surface analysis in a timely fashion in order to begin work immediately.
Further releases will be made to both current and future shareholders upon approval of the Department of the Bureau of Land Management, to perform such analysis, as well as the results of the geochemical surface survey
About Surface Geochemical Exploration
Surface exploration technology measures hydrocarbons seepage directly and is used to identify untapped reserves in frontier and producing areas. The use of surface geochemical methods to characterize reservoirs at depth is possible when using a high sample density combined with analog studies. Estimates of variables such as fluid type, reservoir lithology, and hydrocarbon gravity allow the explorationist to identify potential reservoir targets prior to drilling. Screening, or culling, prospects with surface geochemical methods demonstrates the proper use of surface exploration technology. Geochemical methods have been shown to dramatically decrease the risk of dry holes and, when integrated with traditional exploration methods, enhance any prospect over which a positive signature is obtained.
About Force Energy Corp.
Force Energy Corp. is an Oil & Gas Exploration and Development Company based in Denver, CO with a focus on Wyoming. Using a geology-based methodology, the US Geological Survey estimate a mean of 2.4 trillion cubic feet of undiscovered natural gas, a mean of 41 million barrels of undiscovered oil, and a mean of 20.5 million barrels of undiscovered natural gas liquids in the Wind River Basin Province of Wyoming. They further estimate a mean of 84.6 trillion cubic feet of undiscovered natural gas, a mean of 131 million barrels of undiscovered oil, and a mean of 2.6 billion barrels of undiscovered natural gas liquids in the Southwestern Wyoming Province. Force Energy Corp. has entered into LOI’s to drill and develop two prospects located within each of these prolific areas. The Company’s shares are publicly traded on the OTCBB under the ticker symbol FORC.
On behalf of the Board of Directors
FORCE ENERGY CORP.
Legal Notice Regarding Forward-Looking Statements
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior oil and gas exploration companies with the US Securities and Exchange Commission.
