Petrosearch Energy Meets Barnett Shale Obligation
Petrosearch Energy has made the required payment for the Company's working interest in the Barnett Shale project. The Company has received its assignment of ownership interest in the current lease acreage and related wells for the Barnett Shale project.
Richard Dole, Petrosearch's CEO, stated, "We are pleased with the progress in the Barnett Shale project and continue to work with our capital market relationships to implement financing that will best accommodate the long-term needs of the Company."
Petrosearch Energy Corporation, a Nevada corporation with executive offices in Houston, Texas, was created by a team of seasoned and successful oil and gas professionals for the purpose of finding and developing oil and gas reserves across the United States. Petrosearch is currently active in Texas, Oklahoma, North Dakota, Louisiana, and Mississippi.
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