Czech Republic Resource Enters LOI

Czech Republic Resource has signed a Letter of Intent.

Czech Republic Resource has signed a Letter of Intent with JEDI Energy Partners, LLC. We are extremely happy to be working towards the same common goals. JEDI has spent much of the last year researching and doing extensive due diligence in Angelina County Texas, which is East Texas just south of Lufkin, where the company has recognized several locations to drill and be productive. JEDI used Hydrocarbon Imaging Surveys alone with seismic and past well logs to determine hot spots on the leases. CZHC and JEDI have been in talks about a property to drill on that the Hydrocarbon Imaging Survey has a proved probable of 1.36 million barrels of recoverable reserves. CZHC and JEDI hope to finalize the JV Agreement and get started as soon as possible.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Manager
Expertise: Business Development|Construction Manager|Marketing
Location: Salt Lake City, UT
Survey Project Manager
Expertise: Landman|Project Management|Surveying
Location: Corpus Christi, TX
Social Media Specialist
Expertise: Graphics Design|Marketing|PR / Corporate Communications
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours