CRCL
Former OTCQB 100 million A/S low floater
Texas
The Company owns a variety of non-operated working interests and overriding royalty interests in approximately 61 producing wells in Texas. The interests range from less than 1% up to approximately 5% in each well. The wells are located in the following areas: Permian Basin, Eagle Ford Shale, Pearsall Field, Giddings Field and the Woodbine Field. The wells are operated by Apache (Permian), EXCO (Eagle Ford Shale), CML (Giddings, Pearsall and Permian), Leexus (Giddings) and MD America Energy, LLC. (Woodbine). As of April 30, 2014, the Company had approximately 430 net leased acres in Texas .
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Kansas
The Company operates 3 producing wells in Trego County, Kansas. The Company owns between a 25% and 55% working interest in these three wells. Subsequent to the end of the fiscal year the Company has drilled an additional well, which is currently producing.
The Company had approximately 6,120 net leased acres in Kansas, of which approximately 1,440 are located in Trego County and approximately 4680 are located in Sheridan County. There are multiple potential pay zones of interest with the primary zones of interest being the Arbuckle, Marmaton and Lansing-Kansas City ranging from approximately 3,200 feet to approximately 4,300 feet in depth.
AI
