Great Western Oil & Gas Buys Additional Wells And Leasehold Acreage In Wattenberg Field

Company is actively pursuing acquisitions during period of uncertainty in the industry

Denver January 28, 2015: Great Western Oil & Gas Company, an affiliate of The Broe Group with active operations in the Denver-Julesburg Basin in Colorado, has purchased 14 producing wells and 816 net leasehold acres in the Wattenberg Field from an undisclosed seller. The purchase closed January 16. The price was not disclosed.

The tracts are adjacent to existing Great Western Oil & Gas land in Weld County and bolster the company’s position among the top 10 oil & gas producers in Colorado, where the company continues to look for additional acquisitions of wells, acreage and non-consenting working interests.

“This acquisition is a great example of our strategy to expand our holdings in the Wattenberg Field, particularly during the current period of variability in the industry, and achieve economies of scale throughout our operations in Northern Colorado. We continue to search for additional suitable wells and leasehold acreage located near our current operating locations,” said Rich Frommer, President and CEO of Great Western Oil & Gas.

Great Western Donates $21,000 to Windsor Charter Academy

WINDSOR, COLO. – Great Western Oil & Gas, an affiliate of The Broe Group with active operations in the Denver-Julesburg Basin, has made a gift of $21,000 to the Windsor Charter Academy to support immediate needs facing the school.

“Great Western has had strong ties to Windsor for decades – from our industrial park to the OmniTRAX railroad to the countless employees we have living in the area,” said Great Western CEO Rich Frommer. “Supporting our local schools and helping build a better future for our children is a great way to give back to a community that has welcomed us and given us so much.”

Said Rebecca Teeples, principal of Windsor Charter Academy: “Thanks to this generous donation from Great Western, we are able create beautiful comprehensive learning environments for a math classroom, learning lab, and our Special Education suite. We hope to continue this partnership and work together to make our school and our community the best it can be.”

Great Western’s track record of supporting education also includes a donation of tablets made the Weld RE-4 school district in May of last year.