Mississippi: 1000 acres with 18 wells in production and 2-3 potential targets to drill
Company is continuing to seek opportunities in north Texas and southern Oklahoma
Lease PayoutsThree possible lease payouts (From 6-9% to 18-22%)
Craig Lease (Paid Out September 1, 2018)
Barnum Lease (Paid Out July 1, 2018)
Drouet Lease (Timing is undetermined due to fluctuating oil prices)
Share Buyback has recently been approved. Update will be announced when paperwork has been completed.
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