Tiger Oil and Energy Receives Kansas Corporation Commission Permits to Drill and Return Wells to Production
February 28 2011 - 10:00PM
Marketwired
Tiger Oil and Energy (OTCBB: TGRO), a diversified energy
exploration company, is pleased to announce approval of its Notice
of Intent to Drill by the Kansas Corporation Commission, Oil and
Gas Conservation Division. A drill program and a Slick Water Frac
are scheduled for the Adams #1 well located on its newly acquired
oil and gas holdings in Cowley County, Kansas. The projected total
depth of 3300-3800 feet will target the exploration depth to
include the historically prolific Layton, Mississippi and Arbuckle
zones.
Tiger Oil and Energy previously announce it had entered into a
joint development agreement on 12 parcels totaling over 2500 acres
of oil and gas acreage in Cowley County, KS. Southern Kansas has a
long successful history of oil discovery dating back over 150 years
and current historic production has risen above 39 million barrels,
the highest level since 1997. With the use of modern oil
technology, TGRO plans to return previously depleted or abandoned
wells to production.
Tiger Currently owns two oil and gas interests in Creek County,
Oklahoma, The Shilo #1, a 7.5% working 80% net revenue interest and
the Shilo #2, a 11.5% working interest with 80% net revenue
interest.
Contact: ceo@tigeroilandenergy.com for a Corporate Update.
"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act of
1995: The statements in all press releases that relate to the
company's expectations, with regard to the future impact on the
company's results from new projects in development, are
forward-looking statements. A complete disclosure of our "SAFE
HARBOR" statement is posted on our website at
www.TigerOilAndEnergy.com under the heading "NEWS."
Contact: Tiger Oil and Energy, Inc.
ceo@tigeroilandenergy.com
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