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Admiral Bay sells ree percent interest in certain oil leases in the Devon field


Published Feb 27, 2013
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Admiral Bay names new VP of operations for its Cherokee Basin projects

Admiral Bay Resources Inc. has sold its three percent override interest in certain oil leases in the Devon Field in Bourbon County Kansas to an unrelated third party for $115,000 (US).

These monies will be used to pay trade payables and certain sales tax amounts due to the State of Kansas. Remaining funds will be used to continue to attempt resolve certain outstanding litigation and wind down the Company.

The Company's remaining asset is certain acreage located in Pennsylvania which the Company and its partner have agreed to sell off if possible.

Tags: Admiral Bay Resources Inc.



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