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Tiger Oil and Energy Inc. Acquires Oil and Gas Leases
Tiger Oil and Energy Inc. Acquires Oil and Gas Leases.
About this update from Tiger Oil And Energy, Inc.
[{"type":"text","content":"CARSON CITY, NV / ACCESSWIRE / February 28, 2022 / Tiger Oil and Energy Inc. (OTC PINK:TGRO) ("Tiger" or the "Company") Today, announces it has completed the acquisition of recently producing wells. The acquisition is comprised of an oil and gas land assembly with a total of 740 acres across seven different leases with working interest (WI) between from 78%to 100%. The leases are in Kansas - The 8th largest producing state in the US with excellent infrastructure in place. These leases contain oil wells, saltwater disposal wells and are run off electricity. Some of the wells have been operational within the last few years. The Company plans to engage its network of skilled professionals to evaluate with the goal of bring the wells back onlineHoward Bouch CEO of the Company states; "With the recent rise in oil prices this is an excellent economic opportunity for us to develop these leases. We plan to move forward with our strategy of acquiring these shut-in and offline wells, conducting an evaluation, then bring them back online with modern techniques. We will also outline a plan for a new drilling program on some of the lease based on historical and geological Data.The Company notes it still holds interest in the Upchurch Lease, a 75-acre lease held by production. The lease currently produces oil from a single well drilled in the early 1980's. The well hit oil at just over 1800 feet in the Knox formations, it has been in production for 30+ years. The Knox formation is the premier oil formation in Kentucky and generally runs at depths ranging from 1600 to 2300 feet.About Tiger Oil and Energy, Inc.Tiger Oil and Energy, Inc. is an American based oil and natural gas exploration and production company engaging in the acquisition of oil & gas leases. Tiger Oil will apply advanced drilling, completion, and secondary recovery techniques to currently shut-in and low producing wells, while utilizing modern technologies and techniques to increase production and profitability. For more information about the company and its leases please visit: http://www.tigeroilandenergy.com/CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSThe foregoing contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be cov...