Central Energy Limited confirms expansion of its operations adding 4 new oil wells on Atyrau Project

CHAOYANG, China - Sept. 20, 2014 - PRLog -- Currently Central Energy limited confirmed steady oil production on its project at the Atyrau province, and plans to generate revenue on over 460 barrels of oil per week with the new addition. The company recently granted regulatory approval to ship oil currently stockpiled. It now expects shipments to occur on a consistent basis to keep pace with active production and accommodate additional output from new wells.

Based on the current scenario of oil sales, the Company forecasts a record monthly profit as soon as November, 2014. With the planned activation of the new wells recently added to the Atyrau project, analysts believe that the 4th quarter production and revenue could even exceed Company estimates. Central Energy Limited Analysis Division team member categorized the addition of the new wells as “Another example of the Company’s due diligence in targeting and selecting lucrative, low-risk, high return properties.”

“This acquisition boosts the number of oil producing wells in our portfolio to 16, dramatically increasing our production capabilities on the Atyrau province in a very short period of time,” stated Mr. Wu Jinglian, Central Energy limited CEO. He added, “With close to half of the new wells generating income from day one, I believe the Company’s goal of achieving six-figure monthly revenue, by 4th quarter 2014 is now very tangible.”

Mr. Wu also categorized the breakthrough by adding, “With current production volume and projected additions to our portfolio of actively producing wells, our monthly profit estimates are very conservative. This is the boom investors have been waiting for.”

Our CEO credited the Management team for charting and maintaining the course to success and closed by saying, “I want to thank our shareholders for their patience, foresight, and continued support as we take this company into the future, as previously mentioned, this is not a short term play and we’re moving towards our ultimate goal of becoming a major player in the oil and gas industry.”