Tuesday, 16 December 2014 06:15 AM
Las Vegas, NV / ACCESSWIRE / December 16, 2014 / Tiger Oil and Energy, Inc. (OTCQB: TGRO) is pleased to announce that the Defore 19-1 well has been successfully drilled and is producing oil at a rate of 10 Barrels of Oil per day (BOPD) in Cowley County, Kansas. The Defore 19-2 has also been successfully completed and the salt water from the Defore 19-1 is being injected into the Defore 19-2. The Stalnaker 17-1 will also be able to dispose of its Salt Water into the Defore 19-2 and will now be brought on line as well.
Tiger has purchased a 30% working interest and a 24.45% Net Royalty Interest in these two producing wells. The Company has committed up to $600,000 to a joint venture program with our partner and Operator, TOTO Energy, LLC. TOTO is a Texas oil and gas producer with over 100,000 acres under lease in Kansas currently for future joint development.
About Tiger Oil and Energy:
Tiger Oil and Energy is a diversified oil exploration company expanding its portfolio of projects with value added acquisitions and participations.
Safe Harbor Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. A complete "SAFE HARBOR: Disclosure" is listed on the Company's Website tigeroilandenergy.com under "News"
CONTACT:
Kenneth B Liebscher
[email protected]
SOURCE: Tiger Oil and Energy, Inc.