Tuesday, November 11, 2014 11:48:56 AM
Eagle Oil Holding (EGOH:OTC) Sells Morrison Lease and Acquires an NRI in a Producing Lease.
December 4, 2013 Eagle Oil Holding Company (EGOH:OTC) is pleased to announce that it has sold its Morrison lease and, simultaneously, acquired a net revenue interest in another producing lease located in Venango County. Eagle Oil has kept its Frank Farm lease which will now be the focus of development since it only has 12 wells. Connie Helwig stated that “I am pleased that Eagle Oil has now become a producing oil company with the acquisition of a net revenue interest in a producing lease. As part of our strategy to focus on the most economical resource applications, this acquisition brings benefit to both the company and its shareholders immediately.”The Company will provide further details on this acquisition shortly.
We can still expect good news.
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