Tiger Oil Elects to Drill on First Well in Cowley County KS
December 11 2013 - 6:00AM
Marketwired
Tiger Oil Elects to Drill on First Well in Cowley County KS
LAS VEGAS, NV--(Marketwired - Dec 11, 2013) - Tiger Oil and
Energy, Inc. (OTCQB: TGRO) is pleased to announce that it has
signed an election to participate in the first of three wells with
TOTO Energy LLC in Cowley County Kansas. Tiger will earn a 30%
working interest and a 24.45% Net Royalty Interest in the well.
Cost of the first well has increased to $630,000 because of the
cold weather for drilling and fracking each well with Tiger's cost
of 30% to be $189,000 per well.
Toto Energy LLC will be the operator of these wells. Toto
is a Texas oil and gas producer with over 100,000 acres under lease
in Kansas currently for future joint development. Toto has been
aggressively drilling in Kansas in 2013 with 8 wells completed and
four more in stages of completion by December in Cowley County
KS.
About Tiger Oil and Energy
Tiger Oil and Energy is a diversified oil exploration company
expanding its portfolio of projects with value added acquisitions
and participations. TGRO previously closed an exchange agreement
with Jett Rink Oil, LLC, wherein the Company acquired 100% of Jett
Rink Oil, LLC. With this purchase, the Company acquired interests
in two oil and gas leases located in Creek County, State of
Oklahoma, together with all equipment located thereon.
Notice Regarding Forward-Looking Statements
"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 tigeroilandenergy.com under "News".
Contact: Kenneth B Liebscher CEO@tigeroilandenergy.com
Tiger Oil and Energy (CE) (USOTC:TGRO)
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