Black Hawk Exploration acquires oil and gas leases in Cowley County, Kansas
Nov. 29, 2010 (M2 Communications Ltd.) --
Metals and energy exploration company Black Hawk Exploration (OTCBB:BHWX.ob) reported on Monday that it has purchased oil and gas leases covering approximately 2,553 acres of land in Cowley County, Kansas.
Black Hawk said that it owns 100% of the leases within the Prospect Area and has an undivided 81.5% working interest in and to the oil and gas leases and their previous 10 shut-in oil and gas wells.
The lease acquisition includes a 100% interest in one shut-in oil/gas well, the #1 Baker, located on the Keith Baker lease, as well as a 100% interest in nine other oil wells that were previously shut- in.
Under Black Hawk’s Oil 2011 Program the company plans to re-work all 10 locations directly or in joint venture with Tiger Oil and Energy Inc (OTCBB:TGRO.ob) and return all of them to cash flow production.
In a separate agreement Tiger Oil & Gas LLC, a Kansas limited liability company, has agreed to operate and participate in the development and exploration of additional oil and gas leases on behalf of Black Hawk.
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Source: M2 Presswire (November 29, 2010 - 8:59 AM EST)
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