NEW YORK, NY–(Marketwired – Jan 9, 2014) – Worldwide Internet, Inc. (OTC Pink: WNTR) announced today it is currently evaluating opportunities for the acquisition of up to $10 million dollars in natural gas properties located in the Marcellus Shale.
The Marcellus Shale Formation is the largest source of domestic natural gas yet discovered in the United States. One reason the Marcellus shale is such an important resource is the proximity of the productive area to major metropolitan areas and factories that use natural gas. The major players in the Marcellus shale include Chesapeake, Range Resources, EXCO Resources, Anadarko, XTO, Rex Energy, Cabot Oil and Gas, EOG and others.
The Marcellus natural gas trend, which encompasses 104,000 square miles and stretches across Pennsylvania and West Virginia, and into southeast Ohio and upstate New York, is the largest source of natural gas in the United States, and production was still growing rapidly in 2013.
Frank Kristan, President of Worldwide Internet, Inc stated that:
“We are excited to further develop our energy business with our potential new partners in the exploration of the Marcellus Shale. As natural gas prices increase, we see an opportunity that will increase shareholder value and provide for distributions to shareholders.”
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC Pink: WNTR) (www.worldwideinternetinc.com) is in the business of developing technology for internet datacenter services and emergency notifications to the public. The company is focused on making investments to diversify its business operations and holdings.
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