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Tuesday, February 7, 2017 - Supplemental Update OIL AND GAS
Entry into a Material Definitive Agreement
Supplemental Information - Current Report- Oil and Gas JV 2-5-2017
Item 1.01 Entry into a Material Definitive Agreement On February 5, 2017, the Company, through its wholly owned subsidiary US Natural Gas Corp KY (“KY”), entered into a Joint Venture Agreement (the “Agreement”) with Keller Energy, LLC (collectively the “Parties”) for the acquisition of certain oil producing wells within the states of Kentucky and Tennessee. Under the terms of the Agreement, the Parties will acquire oil producing wells with each Party maintaining a 50% working interest. Upon Closing of the Agreement, KY was assigned a 50% working interest in the Eddie D. Smith #5 and the Amos Nicholas #15-3, both located in Pickett County, TN.
SIGNATURE
Sylios Corp
Date: February 7, 2017
By:
Wayne Anderson
"Patience is bitter, but its fruit is sweet."
