Recent Company News




Litewave Corp.
Date:2007-01-01
Title:Los Angeles Ca (Winter/Spring 2007) Litewave Corp. (OTCBB: LTWV) is pleased to announce that it will
 
Los Angeles Ca (Winter/Spring 2007) Litewave Corp. (OTCBB: LTWV) is pleased to announce that it will continue its drill program throughout this year. Cold weather has shut down the entire field both before Christmas and early in the New Year. Litewave is taking measures to winterize the system to mitigate the effect of extreme cold on the system. The spring program involves up to 12 new wells on the existing Kansas property. We have 850 acres under lease in Vernon County Missouri. One exploratory hole has been drilled and drill targets are being evaluated to determine viability of expanding the gas gathering system into that area. The Exploratory well in Missouri showed good pressure and a significant production increase is anticipated once the new wells are incorporated into the system. This aggressive drilling program is expected to translate into higher cash flow later in the year.


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