New Western Energy Corporation has closed financing in the principal amount of $1,500,000, which includes $1,200,000 of new capital, consolidation of old debt and the grant of warrants to purchase 7,500,000 shares of our common stock at an exercise price of $.25 per share. Full details are provided in our 8K filing with the SEC.

Javan Khazali, President and CEO of New Western Energy Corporation, stated, "We have been working diligently to attract favorable financing from investors who understand the potential upside contained within our asset base. The successful closing of this financing provides the Company with capital to proceed with its oil and gas development programs in Kansas and Oklahoma, as well as the capital necessary to move forward with other low cost high impact projects that we are currently reviewing."

Tags: New Western Energy Corp.