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Friday, December 15, 2023 3:55:25 PM
$BLFR's 85% wholly owned subsidiary, Screaming Eagle Energy, LLC. (“SEE”), entered into a Letter of Intent (“LOI”), to purchase producing oil and gas assets in Texas with production in excess of 1,400 BOE/day, with significant upside drilling potential, and over 25,000 acres currently held in production. SEE anticipates closing the transaction during the first quarter of 2024.
The LOI is confidential and subject to the terms of the Confidentiality Agreement dated September 23, 2023.
https://otcmarkets.com/otcapi/company/financial-report/389295/content
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