Goldfield Oil and Gas Ltd. Highlights Startling Facts about the Wattenberg Field

Located In the Heart of D-J Basin, Wattenberg Field Is Blessed With Abundance of Oil and Gas that Make it One of the Largest Oil Fields in the US

Las Vegs, NV (prHWY.com) September 13, 2012 - The spokesperson for the Goldfield Oil and Gas Ltd has recently shared some amazing facts about the Wattenberg field highlighting the benefits in general and for the investors. Goldfield Oil and Gas Ltd is the company responsible for a large portion of drilling in the prolific Denver Basin.

According to Gary W Bush, president of Goldfield Oil and Gas, there are around 14,000 wells in the region and up till now nearly 4 TCF of gas has been produced by the field. The exploration and drilling is still going on. Mr. Bush pointed out a huge number of opportunities that are still awaiting investors and drilling companies. Sharing Mr. Bush's views and visions, the spokesperson for Goldfield Oil and Gas said, "Out of more than some 20,000 Oil wells in this basin, nearly 14,000 are in the Wattenberg field. Goldfield Oil and Gas has a hefty share of contributions in this aspect and we still see a lot of promising opportunities hidden in Wattenberg Field."

The reason behind Mr. Bush's overwhelming confidence about the opportunities and profits waiting in Wattenberg is due to the company's unbelievably high success rate. Goldfield Oil and Gas Ltd has been involved in exploration and drilling in the field since 1937. According to its records, they have never drilled a dry hole.

Another major reason that makes Wattenberg Field an attractive prospect for drilling companies and investors is the higher percentage of liquid. Nearly 40 percent of Wattenberg well's production is liquid. "Due to comparatively higher price than gas, more liquid literally means more revenues and profits," the spokesperson explained.

While this is largely due to the productivity and abundance of gas and oil in the region, it is also because of the safe and successful strategy of Goldfield Oil and Gas. The company's Participation Program is based on drillings in Goldfield Oil and Gas Codell, Niobara and J-Sand. "These formations are generally regarded as low risk wells. That explains our success rate of 98.9%," added the spokesperson.

Learn more about Goldfield Oil and Gas Ltd and their drilling projects in Wattenberg Field on http://www.goldfieldoilandgas.com/

About Goldfield Oil & Gas Ltd.
Goldfield Oil and Gas Ltd. started off in 1937 as a Gold Mining Incorporation in Goldfield Nevada. From business and support services to mineral claims, geological surveying, and equipment and financing leasing, Goldfield Oil and Gas moved into the lucrative oil and gas industry. With expertise in the DJ Basin in Colorado, Goldfield Oil and Gas has a Goldfield Oil Block 1-14, LLP Drilling program that allows 14 wells to be drilled in 393 acres. Goldfield Oil and Gas Ltd. has accumulated up to 90 years of project management and capital growth experience in the oil and gas, and mining industry.

For more information, contact Goldfield Oil and Gas Ltd. at the below mentioned address.

Contact Details
Email: info@goldfieldoilandgas.com

Phone: 855-406-4120

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