Scandoil  

Abilene Oil and Gas increases interest in CKU project


Published Apr 10, 2015
Abilene Oil and Gas

Abilene Oil and Gas Limited says that following the successful Rights Issue, the Company has agreed to fund its share of the Lodestone Resources LLC second option to acquire further acreage and leases in the Central Kansas Uplift Project.

Abilene owns a 49% shareholding of the equity of Lodestone and has one of the three managers (i.e. Directors) of that entity.

The CKU project has been divided into three land packages, each of which is circa 5,000 acres each. The first land package had 3D seismic completed on the acreage and the Company along with its joint venture partners have carried out extensive drilling to date with successful wells placed into production. 3D seismic has been planned on the second and third land packages.

Tags: Abilene Oil and Gas




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml