Tiger Oil announced 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.
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