nun geht es los - Einstiegskurse bei WestFire

WestFire - hier noch unbekannt - in Kanada hat das Unternehmen schon einen guten "Namen"

Hier ist meiner Meinung viel Potential - 

Ein solides Unternehmen - was noch für die Ein oder Andere Überraschung sorgen wird.

Freuen wir uns auf stetig steigende Kurse...

Viel Glück Allen Investierten

.............

I believe in Carolyn Boone’s story

Link: http://www.westfireenergy.com/

Gesterm + 6,41% 0,44   auf 7,30 Dollar

---------

I believe in Carolyn Boone’s story

nachdem der Kurs ordentlich eingebüßt hat - ist er aktuell auf 6,71 D   und dümpelt ein wenig in den Bereichen herum......hier mal wieder ein gute Nachricht.....

22. Juni 2010 04.33 Uhr CEST


Calgary, Alberta - (Marketwire - 22. Juni 2010) - WESTFIRE Energy Ltd ("WESTFIRE" oder das "Unternehmen") (TSX: WFE) ist erfreut, ein Update von Betriebs-und Grundstückserwerb Aktivitäten zu bieten.

Viking Operational Update

WESTFIRE hat eine starke Präsenz in der Viking Leichtöl Ressourcen spielen in der Redwater Bereich der Central Alberta gegründet. In den vergangenen neun Monaten nahmen WESTFIRE in die Bohrung von 13 (10,9 netto) Viking Horizontalbohrungen bei Redwater, von denen 11 (9,9 netto) dieser Brunnen sind von der Gesellschaft betrieben.

Diese dreizehn Brunnen produziert eine durchschnittliche Bruttoproduktion von 80 Barrel Öl pro Tag (BOPD) pro Vertiefung für den ersten Monat mit individuellen und Tarife von 26 bis 124 pro Well BOPD. Von den dreizehn Brunnen, wurden acht als monobores, gebohrt drei mit Zwischengehäuse und Liner, während zwei abgeschlossen wurden mit offenen Loch Packer Systeme. Durchschnittlich 14 pro Fracs auch mit 12 Tonnen Sand pro Frac wurden jeweils auch entlang einer durchschnittlichen horizontale Länge von 858 m durchgeführt. Öl wurde als tragende Flüssigkeit auf elf Brunnen verwendet, während Wasser auf die beiden verbleibenden verwendet wurde. Sechs der Bohrlöcher haben alle ihre Last Flüssigkeiten bis heute erholt.

Die Gesellschaft untersucht weiterhin ihren Feinheiten zu machen Viking Horizontalbohrungen und Abschluss-Techniken in einer Bemühung, sie verbessern die Produktivität und niedrigere Kapitalkosten. Die Netto-on-Stream auf Kosten WESTFIRE betrieben Brunnen im vergangenen Winter durchschnittlich 1.500.000 $ pro Vertiefung. Änderungen in unserem Programm gewonnenen Erfahrungen unserer Branche wird erwartet, dass diese Kosten auf $ 1.200.000 pro Kavität geringer.

Das Unternehmen hat die Herstellung von 17 Bohrungen Pad-Websites auf Redwater eingeleitet. Jedes Pad wird für das Bohren von bis zu vier Vertiefungen ermöglichen. Die erste Vertiefung einer 18 gut-Programm in diesem Bereich wird voraussichtlich Ende Juni Spud werden.

Darüber hinaus hat WESTFIRE ein Programm in West Central Saskatchewan, dass für die Bohrung von 11 Viking Horizontalbohrungen für die Balance von 2010 ermöglicht.

Viking Grunderwerb

WESTFIRE ist auch bekannt, dass sie in einen Mietvertrag Option und Bohren einig, dass der Zugang zu rund 40 Sektionen von unbebauten Grundstücken bietet mit Viking Leichtöl Potenzial in der Dodsland / Kerrobert Bereich der West Central Saskatchewan abgeschlossen hat.

WESTFIRE's land basieren auf der Viking Leichtöl Ressource Spielen steht nun bei etwa 242 (220 netto) Abschnitte repräsentieren eine zukünftige Bohrungen Bestand von mehr als 500 potenzielle Standorte horizontale Entwicklung.

link: http://www.streetinsider.com/Press+Releases/...Land+Base/5751329.html

------------

I believe in Carolyn Boone’s story

 ...........auch hier...........ein tolles Unternehmen ........mit einen "leider" nicht so berauschenden Ergebnis......aber mit riesen Ausblick........................hier werden diejenigen mit langem Atem, mit Sicherheit belohnt werden..........

Mein Ausblick ........halten bis mindes. Anfang 2012................never mind

WESTFIRE meldet Ergebnisse für das Halbjahr per 30. Juni 2010
12. August 2010
Email Print Kostenloser Newsletter

Calgary, Alberta - (Marketwire - 12. August 2010) - WESTFIRE Energy Ltd ("WESTFIRE" oder das "Unternehmen") (TSX: WFE) ist erfreut, seine Finanz-und Betriebsergebnisse für die drei und sechs Monaten kündigen Ende 30. Juni 2010.

Finanz-und Betriebsergebnisse HIGHLIGHTS

Zusätzlich zu den "Finanz-und Betriebsdaten Highlights" Tabelle unten, der Konzernabschluss und der verwandten Management's Discussion and Analysis (MD & A) für den Zeitraum bis zum 30. Juni 2010 werden auf der Website des Unternehmens erhältlich und auf der SEDAR-Website.

-------------------------------------------------- --------------------------
Financial Drei Monate Sechs Monate
($ 'S außer Angaben zu Aktien und endete am 30. Juni per 30. Juni
Produktions-Information) 2010 2009 2010 2009
-------------------------------------------------- --------------------------
Öl und Gas Umsatz 9.290.475 4.224.631 20.108.592 9.001.166
Der Cashflow aus laufender
Aktivitäten 3.091.852 2.870.677 9.769.469 2.326.004
Der Kapitalfluss aus Betriebstätigkeit
(1) 4.545.925 2.054.571 9.814.003 4.040.251
Pro Aktie - unverwässert und
 verdünnt (1) 0,12 0,09 0,27 0,19
Nettogewinn (-verlust) (842.068) (1.267.400) 384.984 (3.381.083)
Pro Aktie - unverwässert und
 verwässert (0,02) (0,06) 0,01 (0,16)
Bankschulden - (1863447)
Das Working Capital
(Mangel) (2) (1.855.288) 47.070
Die Nettoverschuldung (3) (1.855.288) (1.816.377)
Die Investitionen
(Einschließlich der non-cash) 22.710.771 6.721.746 40.131.478 9.331.090
Ausstehenden Stammaktien -
Basic 39.035.315 26.512.730 39.035.315 26.512.730
Ausstehenden Stammaktien -
verwässert 39.447.554 26.512.730 39.437.501 26.512.730
Gewichteter Durchschnitt der gemeinsamen
Aktien - Basis 36.758.831 21.887.153 35.979.044 21.165.280
Gewichteter Durchschnitt der gemeinsamen
Aktien - verwässert 37.171.070 21.887.153 36.381.230 21.165.280
Verkaufsmengen
Öl und NGL (bbls pro Tag) 1.017 450 1.046 511
Natural Gas (MCF pro Tag) 8.137 5.259 8.149 5.498
Barrel Öl-Äquivalent
 (Boe pro Tag) (4) 2.374 1.327 2.405 1.427
Die durchschnittlichen Verkaufspreise (5)
Öl und NGL ($ / bbl) 66,90 60,10 69,04 49,23
Natural Gas ($ / Mcf) 4.18 3,68 4,77 4,47
Total ($ / boe) 43,00 34,99 46,20 34,85
Netback ($ / boe)
Der Umsatz 43,00 34,99 46,20 34,85
Realisierte Gewinne derivative 2,85 4,71 1,89 8,51
Lizenzgebühren (3.59) (1.21) (4.65) (4.33)
Betriebliche Aufwendungen (15,52) (15,66) (15,53) (16,48)
Fahrtkosten (1,21) (1,35) (1,17) (1,14)
-------------------------------------------------- --------------------------
Netback (1) 25,53 21,48 26,74 21,41
-------------------------------------------------- --------------------------
(1) Non-GAAP (Generally Accepted Accounting Principles) zu messen. Siehe "Non-
GAAP Messungen in WESTFIRE MD & A.
(2) Das Working Capital umfasst nicht den aktuellen Teil des Risikos
Management-Verträge oder die künftige steuerliche Vermögenswertes oder den aktuellen Teil der Bank
Schulden.
(3) Die Nettoverschuldung umfasst Bank Verschuldung und Working Capital (Mangel).
(4) sechstausend Kubikfuß Erdgas entspricht einem Barrel
Öl.
(5) Die durchschnittlichen Verkaufspreise gemeldet werden, bevor realisiert Derivate
Gewinne (Verluste) und Transportkosten.


Im zweiten Quartal 2010 fortgesetzt WESTFIRE der Viking-Ressource Öl zu spielen abzugrenzen. Trotz der nassen Witterung behindert wird, sind unsere Leistungen wie folgt:



- Produziert 2.374 Barrel Öl-Äquivalent pro Tag (Barrel Öl pro Tag) im 2. Quartal 2010
   im Vergleich zu 1.327 im 2. Quartal 2009, eine Steigerung von 79% Barrel Öl pro Tag;
- Der Kapitalfluss aus Betriebstätigkeit stieg um 117% zu einem $ 4.454.925 im 2. Quartal 2010
   von $ 2.054.571 im 2. Quartal 2009;
- Der Kapitalfluss aus laufender Geschäftstätigkeit je Aktie verbesserte sich um 33% auf 0,12 USD je Aktie in
   Q2 2010 von $ 0,09 in Q2 2009;
- Reduzierte Netto allgemeine und Verwaltungskosten pro Barrel Öl um 13% auf $ 3,31
   in Q2 2010 von $ 3,82 in Q2 2009;
- Erfolgreich 12 (10,4 Jahresüberschuss) horizontale Ölquellen gebohrt in der zweiten
   Quartal 2010;
- Abgeschlossene eine Frage der Gerechtigkeit von 3.750.000 Aktien zu $ 8,00 pro Aktie für
   Bruttoerlös von $ 30.000.000;
- Erhöhte unserer Bank Zeile $ 42.000.000 mit allen von ihm in Anspruch genommene bis Juni
   30, 2010;
- Die Liquidität bleibt WESTFIRE mit unseren 42.000.000 $ line starke Bank
   Nicht in Anspruch genommene am 30. Juni 2010;
- Geschlossene und integrierte eine komplementäre Akquisition von Viking Ölanlagen
   im Bereich des Provost Alberta;
- Eingetragen in eine Lease Option und Bohren Vereinbarung sieht vor, dass der Zugang
   auf ca. 40 Abschnitte von unbebauten Grundstücken mit Viking Leichtöl
   Potenzial in der Dodsland / Kerrobert Bereich der West Central Saskatchewan;
   und
- Steigerte seinen Viking Land Inventar auf 246 (231 netto) Abschnitte von 183
   (161 netto) Abschnitte am Ende des Jahres 2009 durch Akquisitionen, Kronland
   Vertriebs-und Farm-in-Vereinbarungen. Daraus ergibt sich eine zukünftige Bohrungen
   Bestand von mehr als 500 mögliche horizontale Viking Öl Entwicklung
   Standorten.


Operative Überprüfung

Little neue Produktionsstätte wurde am Bach im zweiten Quartal aufgrund der Spring Break-up-und Waldbrände in der Umgebung von Alberta Redwater durch eine ungewöhnlich nassen Frühling in Westkanada gefolgt gebracht. Darüber hinaus wurde Q2 2010 eine Periode der Belastung Flüssigkeit Erholung von den Viking-Brunnen in Q1 2010 gebohrt.

Insgesamt zwölf (10,4 netto) erfolgreichen horizontalen Ölquellen wurden im zweiten Quartal gebohrt. Auf der Viking spielen, vier (3,0 netto) Brunnen wurden am Redwater, Alberta, und bohrte drei (3,0 netto) Bohrlöcher wurden in West Central Saskatchewan gebohrt. Zusätzlich wurden vier (4,0 netto) Bohrungen wurden in einem Pool Schweröl in Lloydminster, Alberta und bohrte ein (0,4 netto) Cardium Ölquelle wurde Willesden Green, Alberta gebohrt. Die Fertigstellung und Ausstattung dieser Brunnen wird in der zweiten Hälfte des Q3 2010 erfolgen.

AUSBLICK

Im zweiten Quartal 2010 nach oben revidiert WESTFIRE seine 2010 Investitionsbudgets auf $ 80.000.000. Dieses Kapital umfasst das Bohren von 49 (46 netto) Brunnen, die 73% der gesamten Investitionsausgaben darstellt. Insgesamt 25 (21,3 netto) Brunnen haben in der ersten Hälfte des Jahres 2010 gebohrt. Production Ergänzungen aus Brunnen plus den in der letzten Hälfte des Jahres aus dieser erweiterten Kapitals Budget geplant gebohrt hat, konnte das Unternehmen seine 2010 Leitlinien für die durchschnittlichen Produktionskosten auf 2.750 Barrel Öl pro Tag (mehr als 50% Öl) und Dezember 2010 durchschnittliche Rate von 3.600 zu erhöhen Barrel Öl pro Tag (mehr als 60% Öl), die etwa 71% höher ist als unsere 2009 Exit-Rate. In Q3 2010 wird Netbacks durch schwache Gaspreise und der zusätzlichen betrieblichen Aufwendungen infolge der jährlichen Grundsteuer Zahlungen betroffen sein.

Das Unternehmen ist überzeugt, dass sie gut positioniert, um seine Geschäftsstrategie mit einem umfangreichen, resource-based Bohren Inventar auf der Viking-Formation konzentriert ausführen. Die Bohr-Bestand gehören mehr als 500 mögliche horizontale Viking Öl Entwicklung Orten, die viele Jahre von Bohr vertreten. WESTFIRE ist in der beneidenswerten Lage, dass eine saubere Bilanz, ungenutzte Kreditlinien, einen großen Bestand an Leichtöl Bohrmöglichkeiten und eine wachsende Produktionsbasis, die in Richtung Leichtöl ausgerichtet ist.
 

link: http://insurancenewsnet.com/article.aspx?id=2175

----------

I believe in Carolyn Boone`s story

........sieht ja schon ein bissl besser aus.............

Bin noch stark im Minus.............aber das wird..........dauert noch...............werde aber bestimmt noch belohnt für die Geduld 

link: http://www.benzinga.com/pressreleases/10/10/...and-operational-update

-------------

I believe in Carolyn Boone`s story 

Latest Key Developments 
WestFire Energy Ltd Revises FY 2010 Production Outlook
Wednesday, 10 Nov 2010 06:55pm EST
WestFire Energy Ltd announced that it revised its fiscal 2010 guidance for average production to 2,600 boepd from 2,750 boepd. The Company remains on track to exit 2010 at its forecasted production rate of 3,600 boepd which is 71% higher than 2009 exit rate.
 

link: http://www.reuters.com/finance/stocks/keyDevelopments?rpc=66&symbol=WFE.TO&timestamp=20101110235500

--------------

I believe in Carolyn Boone`s story 

+ Ausblick für Q 4

WestFire Announces Results for the Nine Months Ended September 30, 2010
Posted on: Wed, 10 Nov 2010 18:55:04 EST
Symbols: WFE, WFREF

CALGARY, ALBERTA, Nov 10, 2010 (Marketwire via COMTEX) --

WestFire Energy Ltd. ("WestFire" or the "Company") (TSX: WFE | PowerRating) is pleased to announce its financial and operating results for the three and nine month period ended September 30, 2010.

FINANCIAL AND OPERATING HIGHLIGHTS

In addition to the "Financial and Operating Highlights" table below, the consolidated financial statements and related management's discussion and analysis (MD&A) for the period ended September 30, 2010 will be available on the company's website and on the SEDAR website.



--------------------------------------------------

Financial                        Three Months Ended       Nine Months Ended

                                      September 30,           September 30,

($'s except share and

production information)           2010        2009        2010        2009

--------------------------------------------------

Oil and gas revenues          9,956,500   4,270,959  30,065,092  13,272,125

Cash provided by operating

activities                   5,851,961   1,671,070  15,621,430   3,997,073

Funds flow from operations(1) 4,017,045     681,355  13,831,048   4,721,606

Per share - basic (1)             0.11        0.03        0.38        0.21

Per share - diluted               0.10        0.03        0.38        0.21

Net income (loss)            (2,303,709) (1,811,984) (1,918,725) (5,193,067)

Per share - basic and

 diluted                         (0.06)      (0.07)      (0.05)      (0.23)

Bank Debt                                             7,959,883   4,732,139

Working capital deficiency(2)                        13,841,490   3,137,276

Net debt(3)                                          21,801,373   7,869,415

Capital expenditures

(including non-cash)        25,033,406   6,749,855  65,164,884  16,080,945

Common shares outstanding -

basic                       39,040,315  26,512,730  39,040,315  26,512,730

Common shares outstanding -

diluted                     39,134,031  26,512,730  39,200,132  26,512,730

Weighted average common

shares - basic              39,035,858  26,512,730  37,009,179  22,967,349

Weighted average common

shares - diluted            39,129,574  26,512,730  37,168,996  22,967,349

Sales Volumes

Oil and NGL (bbls per day)       1,214         453       1,103         491

Natural gas (Mcf per day)        7,336       5,610       7,875       5,536

Barrels of oil equivalent

(boe per day) (4)                2,437       1,388       2,415       1,414

Average selling prices(5)

Oil and NGL ($/bbl)              66.21       63.77       67.99       53.75

Natural gas ($/Mcf)               3.80        3.13        4.46        4.01

Total ($/boe)                    44.42       34.99       45.59       34.39

Netback ($/boe)

Revenue                          44.42       33.44       45.59       34.39

Realized derivative gains         3.59        3.45        2.47        6.84

Royalties                        (5.28)      (3.37)      (4.87)      (4.01)

Operating expenses              (21.27)     (23.12)     (17.48)     (18.67)

Transportation expenses          (0.99)      (1.07)      (1.11)      (1.12)

--------------------------------------------------

Netback(1)                       20.47        9.33       24.60       17.43

--------------------------------------------------





1.  Non-GAAP (generally accepted accounting principles) measure. See "Non-

   GAAP Measurements in WestFire's MD&A.

2.  Working capital deficiency does not include the current portion of the

   risk management contracts or the future tax asset or the current portion

   of bank debt.

3.  Net debt includes bank indebtedness and working capital deficiency.

4.  Six thousand cubic feet of natural gas is equivalent to one barrel of

   oil.

5.  The average selling prices reported are before realized derivatives

   gains (losses) and transportation charges.






WestFire Energy Ltd. started to build production volumes during the third quarter of 2010 with a target year-end exit rate of approximately 3,600 barrels of oil equivalent per day (boepd) with greater than 60% being oil and NGL. Despite being slowed by unusually wet weather this summer, the Company was able to accomplish the following:



--  Produced 2,437 boepd during Q3 2010, compared to 1,388 boepd during Q3

   2009, an increase of 76%;

--  Increased the mix of oil and NGL as a percentage of total production to

   50% during Q3 2010 from 33% during Q3 2009.

--  Funds flow from operations increased 489% to $4,017,045 ($0.11 per

   share) during Q3 2010 from $681,355 ($0.03 per share) during Q3 2009;

--  Reduced net general and administration expenses per boe by 40% to $1.89

   in Q3 2010 from $3.17 in Q3 2009;

--  Successfully drilled 18 (16.3 net) wells with no dry holes during Q3

   2010;

--  Maintained a strong financial position with net debt of $21.8 million at

   September 30, 2010 on WestFire's $42 million bank line;

--  Completed dispositions of non-core assets which resulted in net proceeds

   of $6.7 million of which $0.8 million of cash was received before

   September 30, 2010 and the remaining $5.9 million of cash was applied

   against net debt during October, 2010;

--  Continued to advance Viking light oil horizontal drilling and completion

   techniques reducing net on-stream costs to $1.2 million per well, while

   improving well productivities; and

--  Increased Viking play land inventory to 252 (237 net) sections from 183

   (161 net) sections at year-end 2009 through acquisitions, Crown land

   sales and farm-in agreements. This translates into a future drilling

   inventory in excess of 900 potential horizontal Viking oil locations,

   based on four wells per section.






Operational Review

WestFire drilled a total of 18 (16.3 net) wells during the third quarter resulting in 17 (15.6 net) oil wells and one (0.7 net) gas well. Unusually wet weather this summer impeded field operations and delayed commencement of production from the new wells. Production rates will continue to increase as these wells are brought on stream.

On the Viking play, ten (9.2 net) horizontal wells were drilled in the third quarter. The initial 30 day average production rate from five of these wells was 85 boepd per well which was limited by pumping equipment. The Company is monitoring the ongoing performance of these wells and will consider upsizing the pumping equipment as required.

Outlook

The Company expects to complete its 2010 capital program of $80 million during the fourth quarter of 2010 by drilling an additional 14 (14 net) wells targeting oil. This will bring the total well count to 53 (47.7 net) wells drilled during 2010. Wet spring and summer weather delayed the production additions from these wells and consequently the Company revised its 2010 guidance for average production to 2,600 boepd from 2,750 boepd. The Company remains on track to exit 2010 at its forecasted production rate of 3,600 boepd (greater than 60% oil and NGL), which is 71% higher than our 2009 exit rate. This will result in year-end debt of approximately $29 million which should be less than one year's forward cash flow. WestFire has a bank line of $42 million which will be reviewed in May 2011 for possible increase.

WestFire will continue its methodical approach in advancing its Viking horizontal drilling and completion techniques. To date, the Company has drilled 35 (31.5 net) horizontal wells. Sufficient production history has been established from 30 of these wells to determine an initial 30 day average production rate of 60 boepd, comprised of 95% oil. In addition, net on-stream costs have been reduced even though the average number of frac stages has been increased. WestFire continues to believe that technological advancement, improvement in operational techniques and overall knowledge of the resource will lead to further productivity gains and cost improvements.

The Company is well positioned to execute its business strategy with an extensive, resource-based drilling inventory focused on the Viking formation.

Cautionary Statements

Forward-looking information and statements

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the forgoing, this news release contains forward-looking information and statements pertaining to the following; the timing for completion and equipping of wells; the volume and product mix of WestFire's oil and gas production; 2010 production guidance, per share growth, the number of wells to be drilled and potential development drilling and number of potential horizontal Viking oil development locations.

In addition, forward-looking statements or information are based on a number of material factors, expectations or assumptions of WestFire which have been used to develop such statements and information but which may prove to be incorrect. Although WestFire believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because WestFire can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from drilling and development activities consistent with past operations; the continued and timely development of infrastructure in areas of new production; continued availability of debt and equity financing and cash flow to fund WestFire's current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which WestFire operates; the timely receipt of any required regulatory approvals; the ability of WestFire to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects in which WestFire has an interest in to operate the field in a safe, efficient and effective manner; the ability of WestFire to obtain financing on acceptable terms; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of pipeline, storage and facility construction and expansion and the ability of WestFire to secure adequate product transportation; future commodity prices; currency, exchange and interest rates; regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which WestFire operates; the ability of WestFire to successfully market its oil and natural gas products that all necessary regulatory approvals will be obtained as and when required, that there will be no material adverse change in the Company's affairs or laws, rules or regulations relating to the Company, its securities or business, there will be no regulatory proceedings involving the Company or any of its directors or officers, or any cease trade or other order prohibiting or restricting trading in the Company's securities, no major national or international event will have occurred that has or would reasonably be expected to have a material adverse effect on financial markets or the business, operations or affairs of the Company.

The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and statement, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to defer materially from those anticipated in such forward-looking information or statements including, without limitation: changes in commodity prices; changes in the demand for or supply of WestFire's products; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; changes in development plans of WestFire or by third party operators of WestFire's properties, increased debt levels or debt service requirements; inaccurate estimation of WestFire's oil and gas reserve and resource volumes; limited, unfavorable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and certain other risks detailed from time-to-time in WestFire's public disclosure documents, (including, without limitation, those risks identified in this news release and WestFire's Annual Information Form filed on SEDAR).

The forward-looking information and statements contained in this news release speak only as of the date of this news release, and WestFire does not assume any obligation to publicly update or revise any of the included forward-looking statements or information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

BOE Equivalent

Barrel of oil equivalents or BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

SOURCE: WestFire Energy Ltd.
WestFire Energy Ltd.

Lowell Jackson

President and CEO

(403) 718-3601

(403) 261-9658(FAX)

WestFire Energy Ltd.

Stephen Burtt

Vice President Finance and CFO

(403) 718-3603

(403) 261-9658(FAX)

link: http://www.tradingmarkets.com/news/stock-alert/...0-2010-1299629.html

-------------------

I believe in Carolyn Bonne`s story
 

Aktueller Kurs USD 6,49 Tendenz steigend..........

Latest Key Developments
WestFire Energy Ltd Announces $7.5 Million Bought Deal Flow-Through Share Financing
Monday, 22 Nov 2010 04:20pm EST
WestFire Energy Ltd announced that it has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc. and including Macquarie Capital Markets Canada Ltd. and Raymond James Ltd. (Underwriters), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 895,000 common shares of WestFire issued on a "flow-through" basis (Flow-Through Shares) at a price of $8.40 per Flow-Through Share, for aggregate gross proceeds of approximately $7,518,000. WestFire will use the proceeds from the sale of the Flow-Through Shares to incur eligible Canadian Exploration Expenses (CEE) which will be renounced to subscribers effective on or before December 31, 2010. Closing is anticipated to occur on December 9, 2010 (Closing Date).

http://www.reuters.com/finance/stocks/keyDevelopments?rpc=66&symbol=WFE.TO&timestamp=20101122212000

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link: http://www.marketwire.com/press-release/...porate-TSX-WFE-1381165.htm

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I believe in Carolyn Boone`s story 

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I believe in Carolyn Boone`s story 

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link:

http://pr-usa.net/...&task=view&id=650465&Itemid=29 

link: http://www.istockanalyst.com/business/news/...-reports-net-loss-in-q4  

WestFire Energy Ltd. (TSX: WFE) has experienced a triumphant fourth quarter in which they exceeded their exit production targets, drilled 22 wells with a 100% success rate, and continued to generate substantial cash-flow from their liquid weighted asset acquisitions, as well as much more.

WestFire is pleased to provide more details in the following update:

Operations Update

• WestFire exited 2011 with field estimated production of 9,300 boepd, of which 65% was oil and liquids. In addition, WestFire had 12 (9.0 net) Viking horizontal oil wells awaiting completion at year-end.

• WestFire produced a quarterly record average production of 8,618 boepd in the fourth quarter for an increase of 208% over the same period in the prior year or a 46% increase on a per diluted share basis. Fourth quarter production was impacted by a major battery expansion at Redwater Alberta which required the shut-in of approximately 1,200 boepd for 15 days in November.

• Fourth quarter Viking production averaged 3,041 boepd and exited the year at 3,755 boepd with an additional 12 (9.0 net) Viking horizontal wells awaiting completion at year-end.

• With WestFire’s high netback light oil production from the Viking and its liquids-rich natural gas production from the Swan Hills formation at Kaybob South, the Company expects that its operating netback (before hedging) is approximately $57.00 per boe based on current commodity prices.

• 22 (19.0 net) wells were drilled in the fourth quarter, bringing the year to date total to 115 (103.3 net) wells, all with a 100% success rate.

• During the fourth quarter, the Company completed the balance of its 20 well Viking vertical core hole program to better define reservoir characteristics on its extensive Viking land holdings at Redwater, Alberta and Plato, Saskatchewan. This program was successful in identifying areas of higher quality reservoir adding significant horizontal drilling inventory in the areas studied.

• Of the 115 (103.3 net) development wells drilled during 2011, 89 (77.5 net) were Viking horizontal oil wells at its core operating areas of Redwater (51/50.0 gross/net), Provost (8/8.0 gross/net), Lucky Hills (21/10.5 gross/net) and Plato (9/9.0 gross/net).

• WestFire currently has three rigs operating; two at Redwater and one at Plato. These rigs are scheduled to drill 40 (35.5 net) Viking horizontal light oil wells during the first quarter of 2012. 

http://oilprice.com/Pressreleases/...rgets-Fourth-Quarter-Update.html