"The Company is actively looking at the acquisition of oil and gas properties with long-lived reserves and upside drilling opportunity. The Company’s Wind River Basin program is still undergoing geological delineation to determine the optimal drilling location. A third-party engineering report of the Company’s interest in 16,387 acres located in the Wind River Basin, Wyoming, known as the Beaver Creek East Project, indicates Prospective Resources of approximately 21 million barrels of undiscovered oil, with a PV-10 value of $372 million (after risk). The Company plans to pursue opportunistic drilling opportunities along with an aggressive acquisition program for the remainder of 2021."
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