March 5 2010 (from 8k) : The Company has entered into a Letter of Intent to fund and develop a property known as the Franklin County Lease for a 90% working interest. The Franklin County Lease consists of approximately 214 acres, located in Franklin County, Kansas and the lease currently has 24 producing wells, 2 injection wells, and 2 inactive wells. The cumulative production as of March, 2008 is 64,499 bbls. The estimated July 2008 lease production is 7.1 BOPD (water production is unknown).
March 8 2010 PR (A.M.):
March 8 2010 PR (After Hours):
Signature Exploration and Production Corp.
3200 Southwest Freeway
Houston, TX 77027
Transfer Agent Madison Stock Transfer
1688 East 16th Street
Brooklyn, NY 11229
Share Structure confirmed 3/8/2010
AS: 250 mil
- Multiple active leases
- Multiple active wells in Texas, Kansas, New Mexico and Illinois
Still DD-ing this, everythings 100% a go at this point, more info to come in the next few days.