| January 16, 2013 - 5:00 PM EST |
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LAS VEGAS, Jan. 16, 2013 /PRNewswire/ -- 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.
7 WELL HISTORICALLY PRODUCTIVE PROPERTIES
The Company has previously announced in the acquisition of 100% interest in three Oil and Gas leases totaling 400 acres in Cowley County Kansas, comprised of three historically productive properties. Tiger's Geologist has reviewed the Holman #2, #3, #4, and #5; the Adams #1 and the Glasse Lease wells commonly known as the Wise #1 and Roberts #1 and have recommended a 7 well exploration and production study. All the leases acquired by TGRO were for 100% of an 81.5% Working Interest in the oil and gas leases described and subsequently TGRO sold a 70% interest in the leases to Roemer LLC, a Texas oil and gas producer with over 70,000 acres under lease in Kansas currently for future joint development.
About Tiger Oil and Energy
Tiger Oil and Energy is a diversified oil exploration company expanding its portfolio of projects with value added acquisitions and participations. TGRO previously closed an exchange agreement with Jett Rink Oil, LLC, wherein the Company acquired 100% of Jett Rink Oil, LLC. With this purchase, the Company acquired interests in two oil and gas leases located in Creek County, State of Oklahoma, together with all equipment located thereon.
Notice Regarding Forward-Looking Statements
Contact: Kenneth B Liebscher - CEO@tigeroilandenergy.com
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. A complete "SAFE HARBOR: Disclosure" is listed on the Company's Website www.tigeroilandenergy.com under "News".
SOURCE Tiger Oil and Energy, Inc.
Source: PR Newswire (January 16, 2013 - 5:00 PM EST)
News by QuoteMedia
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