Czech Republic Resource has entered in negotiations with Jedi Energy Partners to drill multiple wells in the West Texas area. Jedi Energy Partners currently have several leases that have been tied up and have built a partnership with the Driller/Operator in the area. They have drilled over 135 wells in West Texas and have over 35 years' experience. These prospects are considered in field which mean they are older fields that have produced at one time or another.
This opportunity would put the Company in position to be an important player in the Oil & Gas market in Texas.
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