All State Properties Holdings announced that after an extensive search for properties that meet its criteria for future growth it is now involved in serious negotiations with certain parties to acquire several thousand acres of oil and gas leases and production located in the states of Oklahoma and Kansas.
The Company expects to announce the first Letter of Intent providing a period for due diligence sometime later this month. Further information regarding the leases will be made available at the time of the signing of the Letter of Intent documents.
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