Osage Exploration and Development, Inc.'s Krider property consists of a 100% working interest and 80% net revenue interest in sections 125, 127 & 128 H&TC Survey Block 45 located in Hansford County, Texas.
In January 2006, the Company placed a deposit totaling $82,000 on approximately an 85% working interest of a natural gas property consisting of 640 acres gross acres (544 net acres) located in Hansford County, Texas owned by Pearl Resource Corporation.
A recent engineering report showed that based upon 4 locations, gross MCF of gas is estimated at 2,672 providing a PV-10 value of $5.2 million.
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