Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/america-resources-acquires-950-acres-of-oil-and-ga.shtmlAmerica Resources acquires 950 acres of oil and gas leases in Callahan, Texas
America Resources Exploration has acquired two oil and gas leases (called the Snyder leases) on approximately 950 acres located in Callahan County
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America Resources Exploration has acquired two oil and gas leases (called the Snyder leases) on approximately 950 acres located in Callahan County, Texas through its 94% subsidiary the Seabourn Oil Company.
After the acquisition, the company engaged Mr. Randy Chillion, an independent petroleum engineer (previously employed by Amoco/BP for 34 years) to estimate oil and gas reserves for this property. The summarized report is as follows:
Snyder 211 - Shallow Reservoirs
Three reservoirs were evaluated: Strawn, Cross Plains and Cisco. A High Case and a Low Case were evaluated for each reservoir. The difference in the two cases is a change in porosity value. The reserve values are shown immediately below are for 1 wellbore:
