Calgary, Alberta CANADA, May 20, 2014 (Filing Services Canada via COMTEX) -- Mobius Resources Inc. (MBS - TSX Venture), ("Mobius" or the "Company") is pleased to announce that it has reached an agreement to extend the earning requirements of the second well of its Montana farm-in agreement from June 30, 2014 to September 30, 2014. Mobius intends to spud the first of two earning wells in Montana by approximately June 15, 2014 and anticipates that the well will hit total depth prior to the end of June 2014. "The extension will provide Mobius with the time to ensure that we can properly evaluate and assess the results of our first well, and correlate and re-interpret our 3D seismic data if necessary, before committing to a second drilling location. I believe the granting of this extension shows the commitment of both Mobius and the farmor to ensure that the Montana program is carried out in the most informed and efficient way possible," commented Lee A. Pettigrew, President and Chief Executive Officer of Mobius.
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Mobius is an oil & gas exploration
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