UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C., 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 10, 2013
| NEW WESTERN ENERGY CORPORATION |
| (Exact Name of Registrant as Specified in its Charter) |
Commission File Number: 0-54343
| Nevada | 26-3640580 |
(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) |
1140 Spectrum, Irvine, CA 92618
(Address of Principal Executive Offices, Including Zip Code)
(949) 435-0977
(Registrant's Telephone Number, Including Area Code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| [_] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [_] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17CFR240.14a-12) |
| [_] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b)) |
| [_] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c)) |
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Information included in this Form 8-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This information may involve known and unknown risks, uncertainties and other factors which may cause New Western Energy Corporation’s (“NWE”) actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe NWE’s future plans, strategies and expectations, are generally identifiable by use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that any projections or other expectations included in any forward-looking statements will come to pass. NWE’s actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, NWE undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.
Section 7- Regulation FD
Item 7.01 Regulation FD Disclosure
On October 10, 2013, New Western Energy Corporation (OTCBB:NWTR) issued a press release announcing that its wholly owned subsidiary, New Western Gas Corporation, is continuing its recompletion development program on it Fredonia Gas Project in southeastern Kansas. The Fredonia Gas Prospect is a coal gas exploration and development prospect located in the heart of the Cherokee Basin in Wilson County, Kansas.
A copy of the news release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
This disclosure does not constitute an offer to sell, or the solicitation to buy, any such security.
Section 9- Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
| (c) | Exhibits. | |
Signature(s)
Pursuant to the Requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized.
New Western Energy Corporation
| ||
| Date: October 15, 2013 | By: | /s/ Javan Khazali |
Javan Khazali President & Chief Executive Officer | ||
Exhibit Index
| Exhibit No. | Description |
| 99.1 | News Release dated October 10, 2013. |
News Release dated October 10, 2013
New Western Gas Corporation Announces Commencement of Recompletion Operations for the Opening of Additional Payzones On Two of Its Existing Fredonia Gas Wells.
IRVINE, Calif., October 10, 2013 – Today New Western Gas Corporation, a wholly owned subsidiary of New Western Energy Corp. (OTCBB: NWTR), an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas and other minerals in North America, announced the commencement of recompletion on two of its existing Fredonia Gas Wells in order to open additional pay zones of Pennsylvanian age coal at depths ranging from 600 to 1400 feet. The Fredonia Prospect is located in the central portion of the Cherokee Basin Structural Province, which extends over much of southeastern Kansas. This maturely explored basin is best known for its oil and gas production from shallow Pennsylvanian aged Sandstone reservoirs.
As earlier announced, this additional recompletion work is in continuation of New Western Energy’s development program, the “Fredonia Gas Prospect”, which was jump-started from the favorable results obtained from the previous recompletion operation performed on the Farwell 34-D3 well in July, 2013. Subsequent to the recompletion work on Farwell 34-D3, the daily production in natural gas from the well doubled. The Fredonia Gas Prospect contains in total 9 existing wells, four of which have multiple potential undeveloped coal gas reservoirs behind pipe. New Western Gas Corporation intends to proceed with additional recompletions over the next several months on existing behind pipe coal gas reserves in order to quickly bring additional natural gas production online.
Javan Khazali, President and CEO of New Western Energy Corporation stated “We are encouraged by the success of the recompletion operation performed on our Farwell 34-D3 well that resulted in increasing gas production by 100%. This has given us tremendous confidence to continue to open new payzones of Pennsylvanian age coal formations and thereby increase our gas production not only from existing behind pipe coal gas reserves, but also by expanding our program to include the future drilling of numerous new wells to fully exploit the Proved Undeveloped Coal Gas Reserves contained within the Fredonia Gas Prospect.”
Based upon the recently prepared Estimate of Reserves prepared by Lee Keeling And Associates Inc., the Fredonia Gas Prospect contains approximately 1,185,530 MCF of proven remaining recoverable gas reserves.
About New Western Energy Corp.
New Western Energy Corp. is an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America. To learn more about the Company, visit: www.newwesternenergy.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated production. Actual results could differ from those projected in any forward-looking statements due to numerous factors including, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies.
These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as "probable," "possible," "recoverable" or "potential" reserves among others, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our Annual Report on Form 10-K and our other filings with the SEC at www.sec.gov or from us at New Western Energy Corp., 1140 Spectrum Irvine, CA 92618
CONTACT: Javan Khazali
(949) 435-0977
info@newwesternenergy.com