Xtra Energy Corp (XTPT)

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XTPT nice news out! Xtra Energy Corp. Releases Information Relating To The Acquired Oilshale Property And Its 1.878 Billion Recoverable Oil Shale Reserve

FORT LAUDERDALE, Fla., Oct. 23, 2012 /PRNewswire via COMTEX/ -- Xtra Energy Corp. ("Xtra Energy" or the "Company") (Pinksheets: "XTPT"), released information relating to the newly acquired Pasqua Hill Oilshale and its recoverable oil shale reserves.
According to the information, the Pasqua Hill property acquired from Oilshale International is comprised of a total of 68,910 acres, Permit SHP00008. The total Pasqua Hill property has a total of 1.878 billion barrels (gross) of oil distillate of which Xtra Energy owns 55% working interest, representing a total of 1.034 Billion barrels net to Xtra Energy Corp.