Tradestar is very excited about this acquisition and believes that there is considerable upside potential for the value of these leases. The remedial workovers will increase production revenues and the additional drilling opportunities on the properties will provide the greatest potential for fully exploiting these leases. Tom Feimster, President of Tradestar, says that this area of North Louisiana is becoming very popular with a lot of oil & gas activity by large oil companies. He also says that, "We are seriously looking at other lease acquisition candidates in this area, and hope to expand this North Louisiana area as one of Tradestar's primary develop plays."
Tradestar Resources Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore and natural gas properties in conventional producing areas of the United States. Tradestar strives to enhance asset value by expanding oil and natural gas reserves raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and gas company by investing in only proven producing wells.
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