Well, there's always Google Translate. ;) ...it's not perfect but it helps.
Boomerang Oil Inc. is a Canada based in Vancouver, Canada based resource company that is active in the fields of oil and gas exploration. The strategy of Boomerang Oil is energy projects with already discovered oil and gas reserves that have not yet fully supported or developed and defined, find and cheap to buy. Corporate goal is to make these projects acquired new to discover and develop their full potential.
The acquisition of mineral rights and targeted restructuring projects with expansion potential and Beteligung to drilling programs are usually carried out in the context of relationships that has built up the management of Boomerang in many years to stakeholders, industry partners, experts and consultants. The particular competitive advantage of Boomerang is to locate promising oil and gas projects and raw material projects and also to implement other business opportunities. Currently, Boomerang focused on oil and gas projects, especially in the United States. The focus of activities on projects in the Permian Basin of Texas and in the surrounding states and regions.
Boomerng has a number of very interesting projects, but especially the South 40 project on the JB Tubb Leasehold Estate property is outstanding. It is located in a rich area in several areas in the Sandhills (TUBB) oil fields, in the Ward and Jones counties in Texas. It was awarded as one of the Top 50 on höhsten producing Permian Basin oil fields since 1993 by the State of Texas Railroad Commission and the US Department of Energy.
The drilling plan of the company sees as the first goal in the very promising Ellenburger formation on the South 40 property. This formation is located in the J. B. Tubb area, which historically has always delivered good results starting in Crawar oil field, as part of the Sand Hills formation (Tubb). The publicly available information show average production rates from 200 to 240 barrels of oil per day for certain Ellenburger sources on the adjacent property of Boomerangs South 40 area. These adjacent areas are currently very successfully exploited by oil giants like Chevron and BP. Following the successful implementation of the development of the Ellenburger formation together with the partner Success Oil Co., to be developed by other oil sources a series. A total of 15 oil wells will be developed in the near future, which will cost 1,675,000 US dollars each. Therefore, we continue to expect a strong, positive news flow of the company.
We recommend the Boomerang Oil shares to buy. The last price yesterday was found at 0.37 euros. This results in a target price of 2.00 euros a potential gain of 440%.
Web page:
www.boomerangoil.com
With best regards
