Tiger Oil Receives $600,000 Financing
Marketwire - Wed Jan 15, 10:02AM CST
Tiger Oil and Energy, Inc. (OTCQB: TGRO) is pleased to announce that it has received the third tranche from an nonrelated source bringing to the Company the $600,000 required to proceed with the drilling plans for the Cowley County KS leases in partnership with TOTO Energy LLC. Tiger will earn a 30% working interest and a 24.45% Net Royalty Interest in the wells drilled and fracked. Plans call for the first spudding of the wells to begin in late February or early March of 2014 depending on the weather.
Tiger Oil Announces 2013 Oil and Gas Projects.
PR Newswire - Wed Jan 16, 4:00PM CST
Tiger Oil and Energy, Inc. (TGRO-OTCBB) is a dynamic young Oil and Gas exploration company based in the heartland of America's energy production. Tiger currently has over 800 acres of prime leases under contract in Ness and Cowley Counties in Kansas. On March 31, 2011, TGRO acquired the Whitley leases in Ness County Kansas consisting of 400 acres. Tiger has 100% of the Working Interest (WI) to two previously producing wells, the Whitley #1, which has had a cumulative production history of 64,626 barrels of oil and the Whitley #2 which historically had a cumulative production of 22,717 barrels of oil. In the acquisition Tiger acquired over 2390' of 9 5/8 surface casing, over 14,000 feet of production casing, a tank battery consisting of a 400 BBL Fiberglass Gunbarrel and 3-300 BBL Stock Tanks with Walkway. James Melland, of Melland Engineering, Inc. is preparing recommendations on putting these wells back into successful production.