X-Change Corporation reported through its subsidiary Cress Oil, Inc., an independent exploration and production company based in Houston, Texas that it is purchasing 16,000 acres in Roosevelt County, NE Montana Bakken formation area. The Bakken shale play continues to expand deeper into the northeast where Bakken oil reserve estimates continue to rise.

The company will enter into a Purchase and Sale Agreement, and acquire all of Bakken's legal and beneficial right, title and interest in and to certain oil and gas properties in Roosevelt County including all oil and gas leases, all geological data (including all seismic data) and copies of all records with respect to such oil and gas properties (collectively, the "Properties").

Tags: X-Change Corporation