Recent Company News




Litewave Corp.
Date:2006-07-01
Title:Los Angeles Ca (Summer 2006) Litewave Corp. (OTCBB: LTWV) is pleased to announce that it has added f
 
Los Angeles Ca (Summer 2006) Litewave Corp. (OTCBB: LTWV) is pleased to announce that it has added five new wells for a total of 15 connected wells in its gathering system in Bourbon County Kansas. The new wells are showing above expected production capability. Bourbon County Pipeline, in the process of providing service to Litewave and two other production companies, experienced compressor capacity limitations which cut back our production during the month of August. As well, extreme high temperatures, caused the entire system to be shut down intermittently over a period of several weeks. It is normal to have to deal with water production in Coal Bed Methane operations. Litewave is fortunate to have experienced only a minimal amount of water produced during the early stage of production. The new high volume wells have produced significant water which must be removed. Litewave has been in the process of upgrading its infrastructure to include electrical services and down hole water pumps and tanks to accommodate these conditions. During this period drilling activities were delayed to focus on operating issues.


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