Tiger Oil and Energy (OTC PINK: TGRO) has announced the successful acquisition of 740 acres of oil and gas leases across seven locations in Kansas. The company holds a working interest of 78% to 100% in these recently producing wells. With rising oil prices, CEO Howard Bouch emphasizes the economic potential for development. The company intends to utilize modern techniques for evaluation and to reinstate these wells, alongside strategizing new drilling programs based on geological data.
Tiger Oil and Energy Inc. (TGRO) has achieved pink current status, highlighting its compliance with reporting standards. CEO Howard Bouch states this milestone will aid in pursuing business objectives, particularly in oil and gas asset development. With crude oil prices at 2014 levels, the company views this as a lucrative opportunity. Tiger Oil plans to leverage advanced techniques for enhancing production from existing and underperforming wells. The company commits to keeping investors informed about future developments and opportunities.
Tiger Oil and Energy Inc. (OTC PINK:TGRO) announced its OTCIQ application approval, allowing it to update financials by the SEC deadline. The Company is revitalizing the Upchurch lease, a 75-acre site with a well producing from the early 1980s. This well has historically hit oil at over 1800 feet in the Knox formation, known for its productivity. With rising oil prices, Tiger Oil aims to explore acquiring additional oil and gas leases. CEO Howard Bouch emphasized focusing on diversifying the business and updating their financial picture.