HLV Trading Acquires More ‘Foremost’ Acreage
HLV Trading, Inc. reported that the company has purchased 33.3% interest petroleum and natural gas rights to another 640 acres of land in the "Foremost" Region bordered between Alberta and Montana.
HLVC is set to explore petroleum and natural gas reserves in this newly acquired property. This area is well known for its oil and gas reserves whereas Based on nearby production, it is anticipated that there could be up to two productive gas zones within a shallow depth of less than 2,000 feet within primary target of the Sunburst zone and the secondary target the White Specs zone. There is neighboring production in the area, and as a result there is good infrastructure nearby, which will facilitate getting potential production to market in a timely and cost efficient manner.
The company's next step will be to fine-tune its geologic model by reviewing any available industry seismic and or shooting our own additional seismic with a view to optimizing our drill locations. Seismic is a very useful tool in this geologic setting comprised of channel sands.
Additionally, HLVC is undertaking steps to apply for name and symbol change to reflect the new direction that the company is pursuing. News of the same will be announced if and when the name and symbol changes are approved.
“We are excited about the opportunity before us,” said Charles Voccaro, president and CEO of HLV Trading, Inc. “HLVC is set to explore petroleum and natural gas reserves in this acquired property and others that it may acquire in a next several months.”
HLV Trading, Inc. an equity trading company has now embarked on a focus of responsible development, exploration, and exploitation of oil and gas resources in North America. HLVC is an emerging junior oil and gas company financially well-connected, coupled with a strong management and technical team focused on exploiting oil and gas reserves in North America.