World Energy Research And AuDAX Resources Announce Oil And Gas Exploration Partnership
(PRWEB) March 31, 2009 – World Energy Research, offering top quality energy sector investment opportunities, and AuDAX Resources, exploring some of the most promising base metal, oil and gas fields in the world, are pleased to announce a partnership. Through this agreement, World Energy Research can offer savvy investment opportunities to forward-thinking people looking to capitalize on high commodities prices through low-risk, potentially high value projects.
"We are very excited to partner with a major player in the mining, oil and gas industries like AuDAX. They have a long, successful track record for developing profitable oil and gas fields, creating compelling investment opportunities in places where other companies have failed," said Chad Willis, principal behind World Energy Research. "Their unique blend of geological expertise and technical know-how makes AuDAX commodity exploration a company investors should watch."
As part of the terms of the partnership, World Energy Research has acquired a balanced acreage stake in an oil and gas project in the Siciliy Channel, a proven and producing oil & gas province offshore Italy and Tunisia. While in the past some companies have held either the rights to the Italian field or the Tunisian field, AuDAX is the first company to hold oil and gas rights to both fields at the same time.
"Previously oil companies either had the Tunisian acreage or the Italian acreage but never both and so could not see a very large prospect across the two countries' boundary. But you have to have both to make this a highly successful commercial project. AuDAX now has both," says Paul Fink, Technical Director, of AuDAX.
The Sicily Channel project is part of an exciting new trend in the oil and gas field. Places prospectors were not interested in 25 years ago are now considered compelling, as new technologies involved in the exploration and subsequent extraction process of oil and gas are now proving to be highly efficient Furthermore, as major companies like Shell left areas behind in the past, other companies, like AuDAX, now see the opportunity to move in and reap the rewards extracting the oil and gas that has been left undiscovered.
"But in the past several companies rose from nothing, to industry superstars when they picked up acreage Shell had written off. The most recent example is Cairn Energy in India. Shell left several fields behind, including a 1.2 billion barrel oil field," said Willis.
About World Energy Research
World Energy Research is a leading company with a well-trained eye for identifying solid investment opportunities in both the traditional energy and alternative energy sectors. The company believes the energy sector provides secure, lucrative investment opportunities offering potentially high returns not subject to recession. Whether through traditional or alternative means, the world's energy consumption is increasing. World Energy Research matches investors with stable investment opportunities concentrated in four sectors: oil and gas, ocean turbines, solar and wind energy turbines. Their knowledgeable team boasts deep experience across all parts of finance, energy development and investment allowing them to reliably select only the best quality investment opportunities. For more information, visit http://www.worldenergyresearch.com.
About AuDAX Resources Ltd.
Headquartered in Perth, Australia, AuDAX Resources Ltd is a commodity exploration company specialized in base metals, oil and gas. With stakes in projects across Italy, Tunisia, Romania and Australia, AuDAX is able to use their substantial geotechnical expertise to develop promising properties all over the world. For more information, visit http://www.audax.com.au/.
SOURCE: PRWeb
View original release here: http://www.prweb.com/releases/2009/03/prweb2230384.htm