Northumberland Resources Inc. to Drill New Well
May 13 2013 - 5:35AM
Marketwired
Northumberland Resources, Inc. (OTCQB: NHUR) is drilling a new well
on its Sawyer Field Lease in Pratt County, Kansas.
The Sawyer Field has 19 wells of which 11 are currently
producing. The Company sold a 30% WI in the field to its operator,
Lasso Energy LLC and both companies have agreed to invest $140,000
in upgrading all the existing wells on the property.
The new well, the Larrison #5, has been reviewed by our
consulting engineers and the swab tests have indicated 57% oil
which could translate into up to 50 Barrels of oil per day. At
today's world prices, this well could increase the Company's
revenues by $1 million per year.
In addition to the Sawyer Field the Company has an excellent
portfolio of oil and gas leases consisting of nine other producing
oil and gas wells in Butler, Stafford and Cowley Counties in Kansas
and is continuing its strategic growth through continued
acquisition, exploration and joint ventures in new projects.
"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.northumberlandresources.com under
"Investor Relations."
Contact: Peter Hewitt
info@NorthumberlandResources.com
Supernova Energy (CE) (USOTC:SPRN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Supernova Energy (CE) (USOTC:SPRN)
Historical Stock Chart
From Nov 2023 to Nov 2024