KING - 30M Float - development stage Oil and Gas Exploration and Production Company
Engaged Independent Audit Firm - already commenced reviewing all past and current financial information with the intent to bring King into full compliance with SEC reporting requirements as soon as possible to apply for a major stock exchange listing."
King Resources, Inc. based in Austin, Texas, is a leading edge oil and gas exploration company targeting high-potential assets. King's three senior management and corporate advisors have over 130 years oil and gas experience. Three members have each held senior management positions in other public companies, including CEO positions in one NYSE Company and one AMEX Company, CFO positions in three NYSE and one NASDAQ companies, and Exploration & Production management in two NYSE companies.
King's current major assets include, Vermillion Blocks 112 and 113 totaling 10,000 acres are located in federal waters approximately 30 miles off of the Louisiana coast in 40 feet of water, 100% working interest in approximately 2,700 acres in the Fayette Field, Jefferson County, Mississippi, a Joint Venture agreement under which it acquired a 50% interest with Carpathian Energy Companie Petroliera, SRL, in the Calinesti Field, in the Alexandria block, 100 kilometers southwest of Bucharest, Romania. The block covers 475 square kilometers (189,000 acres), and is south of the Hirlestti field complex and surrounds the Ninciulesti and Buzescu gas fields.
Additionally, KING owns a library composed of 170,000 linear miles of 2D Seismic along with over 1,000 old well data packages in Texas, Louisiana, and Mississippi,
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