Petro Resources has also been informed by Bayou City Exploration that they have acquired an additional 964 gross acres in the Live Oak County Prospect in south Texas. This additional acreage brings the total prospect gross acreage under lease to approximately 3,734 acres. Petro Resources has a 12.5% interest in the prospect. The initial well on the prospect is scheduled to be drilled during the first quarter of 2006.
Petro Resources Corporation is an independent exploration and production company focused on domestic oil and gas drilling and production.
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