Energy & Engine Technology Corporation Announces June Revenues From Gas Gathering Operation and Expanded Plan of Operation; Second CEO Webcast Available
PLANO, Texas, Jul 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- Energy & Engine Technology Corporation (OTC Bulletin Board: EENT) announced today that the Company has had yet another large incremental increase in its gas revenues in June over May. The Company's June gross revenues were $16,669, up from $10,524 in May and $1,637 in April. This success is attributable to only one two man crew working.
The continued strident increases are due largely to the efforts of the EENT team in the Field, led by our Oil & Gas Manager, who, with the crew, has many years' experience with our Gas Gathering System, the Caddo Pine Island Field, and the business community in nearby Shreveport, Louisiana. As of this coming week of July 22nd, the Company expects to be adding two new full time crews to the operation, with the goal of connecting between 30 and 50 new wells per week during the remainder of the summer and early fall season.
Will McAndrew, President and CEO of Energy & Engine Technology Corporation, recently commented on the progress: "I continue to be impressed by the hard work and endurance of my fellow EENT team members in the continued growth of our core business; especially the staff in the Field. We are fully dedicated to a concerted well connection effort, in addition to seriously pursuing other opportunities we will see in the Field."
The Company also announced that it has completed its second CEO Webcast with Tribe Communications, Inc. The broadcast covers issues regarding the Company's continued plans of operation, including its Pagosa Springs acquisition opportunity, which was discussed in the Company's July 11th press release. The webcast is available at www.epowow.com and will soon be available at www.eent.net .
SOURCE Energy & Engine Technology Corporation
CONTACT: Energy & Engine Technology Corporation, +1-972-732-6360 URL: epowow.com eent.net |
