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Posted at October 29, 2015
Bowling Green, KY (10/29/15): Encore has made what the Company believes to be significant oil discoveries, including a potential new oil field discovery, in south central Kentucky. Check out Encore’s recent well blowing oil while drilling at
The Company is making plans to drill immediate off-set locations to this new oilfield discovery well made early this year in Kentucky.
Encore’s partners deduct 100% of their investment with ~95% against ordinary income in the first year.
in state and federal taxes while achieving ~20 – 30 years of potential income.
“The majority of our partners invest this time of year because it allows them to take advantage of the immediate tax benefit for 2015. We plan to reach full production for our new project(s) in the first quarter 2016 and believe that the stage is set for a strong oil rebound,” said Joseph Hooper, Encore’s EVP of Business Development.
Oil and gas investments involve a high degree of risk, uncertainty and are only suitable for qualified accredited investors (SEC definition).
For more information, please contact Joseph Hooper at (270) 842- 1242, ext. 224 or via e-mail
or visit the investment operations section of Encore’s website at
Cautionary Statement, Assumptions and Disclaimer: The information herein may contain forward-looking statements, and actual results may vary. Oil and gas investments involve a high degree of risk, uncertainty and are only suitable for qualified Accredited (SEC Definition) investors who are sophisticated in making business decisions and can bear the financial loss of their entire investment. The Company does not provide tax advice and investors should seek the advice of their tax professional. Any tax information herein is provided for illustration purposes only, may include estimates and is subject to change. It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. No assurances can be made and the estimates herein are subject to change, and may represent best case. The production and reserve estimates are beyond the control of management. This is not an offer to sell or buy a security. An offer shall only be made by a private placement offering memorandum, and this is not a private placement offering memorandum. Again, an offer shall be made only to qualified Accredited investors (SEC definition).
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