Valor Energy Corp (fka VLEN)

[edfei2000]

Found this on New century......

Most of the gas at Hammil is above 7000 feet. At least SW got the $$$ back.


On or about March 16, 2007, our working interest partner in the South Sargent field, Aquatic Cellulose International Corporation (“Aquatic”) executed a Partial Assignment of Oil and Gas Lease and Bill of Sale whereby Aquatic conveyed to Century Resources Inc., all of Aquatic’s rights, title and interest in Hamill and Hamill leasehold for all depths below a depth of 7,000 feet below the surface. In addition, Aquatic assigned all of its interests, regardless of depth, in Hamill & Hamill well numbers Nos. 19 and 1-R. As consideration for the Partial Assignment, we refunded to Aquatic all advances made toward the Hamill 1-R workover in the amount of $62,348, and released Aquatic of all prior commitments made regarding that well.