Boundary Bay Acquisition of Working Interest in Well Finalized

Boundary Bay Resources, Inc. reported that a definitive agreement was executed on March 3 between the Company and Nitro Petroleum Inc. The Agreement is in furtherance of the binding letter of intent signed on Feb. 12 and includes additional terms and conditions governing the Company's previously announced acquisition of a 50% working interest in the rework program for the producing well at the Jessica # 23A, located at SE/4 NW/4 SE/4 Section 5, 6N, 6E, in Seminole County, Oklahoma in exchange for $50,000.

Lee Borschowa, President and CEO, stated, "The inclusion of the Jessica Property is a major step for Boundary Bay. Furthermore, the addition of this working interest, along with the over 200 barrels of oil acquired, should generate cash flow for Boundary Bay."

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours