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Irwin Energy Inc.
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IRWIN ENERGY PROFILECOMPANY PROFILE Irwin Energy Inc. is a public company listed on the Pink Sheet NASD, symbol IWNE. Irwin Energy, Inc. is an independent oil and gas producer with revenue flowing from it's interest in the West Lock well in Alberta. The Company seeks out low risk opportunities to develop positive cash flow from proven and probable oil and gas investments. Current projects include an interest in a well in Sylvan Lake, Alberta. Sylvan Lake is very near Shell's recent major discovery of an 800,000,000 cubic foot gas reserve. The company also recently announced its participation in the Concho Dome leasehold, in Apache County, Arizona. Irwin Energy, Inc., is an independent oil and gas producer with North American operations. The Company seeks out low risk opportunities to develop positive cash flow from proven and probable oil and gas plays. With the participation of its operators, Irwin Energy's projects boast a tier one team of oil and gas veterans who have a combined 100-years+ experience with over 1000 wells drilled and a drill success ratio of over 72%. As operators, these veterans have a vested interest in the Company's projects. In fact, their participation is the reason why Irwin Energy is able to gain access into Alberta, Arizona, and Louisiana. These areas have attracted major companies such as, Gulf Oil, Talisman Energy and Shell Oil (see details in Our Projects section). COMPANY PROJECTS Arizona The Concho Dome Leasehold On May 1, 2005, Irwin Energy entered into an agreement with Crossroads Exploration & Production LLC for an undivided 20% working interest in the 10,021.47 acre Concho Dome leasehold, in Apache County, Arizona. Under the terms of the Agreement, the Company paid the gross sum of USD $72,200 for its share of the turnkey drilling expense and estimated completion expense. The Company's working interest is based upon the actual cost of the project. The Concho Dome prospect is one of the main anticlines in the Holbrook Basin. The Holbrook basin in Arizona contains Paleozoic rocks including sabkha deposits of Permian age. The sabkha deposits in the Holbrook basin are similar in age and character to deposits in the Permian Basin of west Texas, which is a large sedimentary basin that is noted for its rich petroleum and natural-gas deposits. (This link goes directly to IWNE's Arizona Project) http://www.irwinenergy.com/projects/projects_arizona.htm Louisiana Louisiana For over a hundred years, Louisiana has been one of the most significant sources of oil and gas on the North American continent. With plentiful energy resources discovered and still producing both onshore and offshore, Louisiana remains a strong focus of exploration for new discoveries. Irwin Energy believes that major resources remain to be identified in the region. (This link goes directly to IWNE's Louisiana's Project) http://www.irwinenergy.com/exploration/louisiana.htm |
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