Lions Petroleum Inc. --LPET.OB
Lions Petroleum Inc. is a Delaware based corporation engaged in the acquisition and development of oil and natural gas properties with upside potential. Lions current projects include Williston Basin in South Saskatchewan, Bennett Unit in Texas and the Wolverine District in Central Alberta, all of which have various profitable zones that are being targeted.
Williston Basin, Canada
- The Williston Basin is one of the most famous geological formations in North America and is believed to contain in excess of 13 trillion cubic feet of gas and an untolled amount of oil.
Lavaca County, Texas
- The company has signed an agreement with Sun Coast Technical Services Inc. to acquire a 17.5% working interest in a two well program focused on testing two, 3-D defined targets identified at the Miocene (650 ft.) and Frio (2900 ft.) levels in south-central Lavaca County. LP has also secured a right of first refusal on Sun Coast's next two wells, significantly increasing its upside while reducing its exposure. Currently, more than twenty-five companies have a presence in the county, including: Mobil Oil, Shell Oil, Bass Enterprises, El Paso Production, Chevron and Kerr-McGee.
Wolverine District, Canada
- Located in the northwest of Alberta, Canada, the Wolverine District has been producing natural gas since the early 60's. Lions Petroleum has 650 acres in the Wolverine District. Plans call for a drilling program to begin in the Spring of 07.
Capital Structure per Form 10-QSB
Float (Approx): 1,500,000 per company website
Dale Paulson - President & Director
Gordon Wiltse - VP & Director
Duane Fadness - Director and oil & gas Consultant
(Land Manager of Western Gas Resources, Inc., a $3.9 billion gas giant acquired by Anadarko Petroleum. )
Lions Petroleum Inc.
600 - 17th Street
Suite 2800 South
Denver, CO 80202
Lions Petroleum Inc
1150-789 W. Pender St.
Vancouver, BC V6C 1H2
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