Northumberland Resources Takes Stake in Kansas Lease
by Northumberland Resources Inc.
|Thursday, July 26, 2012
Northumberland Resources, Inc. has acquired a 35% working interest in the Sanders Oil Lease located in Stafford County, Kansas, a 160 acre parcel of five wells situated on historically proven oil producing leases. Of the five wells, one is a salt water disposal well and the other four were producing wells. The Company plans to bring four of the 5 wells online later in 2012 that will add to our daily production numbers. The Company also purchased a 12 1/2% working interest in the Asmussen Oil Lease, a 70 acre oil lease situated in Butler County, Kansas. This purchase includes one producing well and one water disposal well.
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