Phere Energy Inc. Announces West Ranch X Ashley Ann #3 near Completion

DALLAS - March 27, 2013 - PRLog -- RICHARDSON, Texas, March 26, 2013 -- Phere Operating Inc owners Todd and Lisa Lanphere are happy to announce the fifth new well in the West Ranch field. This well has 17 potential payzones in a proven field that has produced 43,000 barrels in less than two years. West Ranch X sold out in late February and is looking extremely promising as an oil and gas investment for those who are vested. Ashley Ann #3 is one of the deepest potential pay zones on West Ranch X.

The Core Labs Percussion sidewall core analysis correctly identified Several payzones.  It also has the potential to make this a new field discovery and allows us to continue to develop the rest of our acreage. This has been a successful venture partnered with Arrow drilling Baker Hughes, CoreLabs ExploreCo, Carter Well Service, Weatherford, Vesco and Energy Construction.

For more information on this and other activities of the Company, see the Phere Energy Inc. Oil and Gas website athttp://www.phereenergy.com/.   Phere Energy has current oil and gas exploration projects throughout Texas. Opportunities for new projects start in April 2013.

About Phere Energy Inc. Oil and Gas Exploration

Phere Energy Inc. has over 20 years of experience employing the latest technology to develop new production as well as develop new plays on reworking fields.  Phere Energy Inc. participates in the development of fields in the oil & gas industry throughout the entire state of Texas offering oil and gas investment opportunities through investment joint ventures and direct programs.

Phere Energy’s programs provide the opportunity for investors to potentially take advantage of tax benefits and potential cash flow through oil and gas investments.  By tapping into our nation's natural resources, Phere Energy Inc. strives to help our country become energy independent.

Contact:

Todd or Lisa Lanphere
Phere Energy Inc.
Phone: 972.231.1679

info@phereenergy.com  |  www.phereenergy.com

SOURCE Phere Energy Inc.

RELATED LINKS

http://www.phereenergy.com/