Registered oil and gas Operator in the state of Texas.
Acquired two oil leases in Carter County, Oklahoma. The leases, The Creel and The Koski, consist of 35 acres of proven oil reserves and four wells.
Developing a South Texas property with an area of mutual interest of approximately 100 square miles. The combined reserve value for oil and gas in the project area could exceed $2 billion.
Estimated $285,000,000 in probable reserves in the Clayton Field project area in Live Oak County, Texas [Kenne Exploration, who will act as contract operator].
The first well is producing at predicted rates yielding over $40,000 in monthly cash flow. Five more wells are planned.
Posts: 655 | From: Louisville,Ky | Registered: Dec 2005
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