LIG Assets Inc (LIGA)

[Chugit]

Big winner indeed. In North Dakota a 10% ownership of 22 wells will add revenue nicely and in West Texas up to 12 wells. This could be Huge for all of us.

Up to 12 wells are planned for the lease and are intended to be drilled to a depth of approximately 6,400 feet, possibly encountering potential hydrocarbon bearing formations in the Cambrian, Canyon, and Strawn Formations. These zones have past initial production (IP) rates in the Permian basin region of up to 200 BOPD to 800 BOPD, which could lead to very significant revenue and cash flow from the lease. 3-D and other technologies have been utilized to further define the potential of the lease.


The lease has the capacity for 7 wells in the Bakken and Three Forks Formations with the potential for approximately 22 other wells in multiple formations.