Los Angeles, CA (February 13, 2006) -- LiteWave Corp. (OTCBB: LTWV) is pleased to announce that it has completed the initial stage of installing a gathering system from its leasehold properties in Bourbon County, Kansas to connect gas production from the first five of fifteen drilled gas wells, being delivered via Bourbon County Pipeline LLC. for delivery into the main natural gas transmission pipeline.
Gas flow has commenced on the first five wells, with plans to bring five additional wells on line within the next thirty days, and a further five wells to be tied in within a month thereafter. The Company has constructed some eleven miles of gathering system to service the wells, which are situated on 2,124 acres of leasehold property.
LiteWave is continuing its acquisition of leasehold acreage in the region, and expects to commit to additional wells over the next few months, with up to thirty targets having been identified. The Company is also reviewing other oil and gas acquisition opportunities within the United States and Europe.
This area in Kansas is presently undergoing rapid development of coalbed methane by companies such as Evergreen, Berry Petroleum, Suncor Energy, Meritage and Heartland. The area is located close to strong gas markets in Eastern Kansas and Western Missouri.
About LiteWave
LiteWave (OTCBB:LTWV) is a oil and gas company that is focusing its current efforts on the development of natural gas prospects located in the United States and Europe.
For More Information Contact:
Jim Newton
Tel. 1 877-811-4518 ext 229 Email:
info@litewavecorp.com
Or visit our Website at www.litewavecorp.com
|