SAN ANTONIO, April 23, 2015 /PRNewswire/ -- Arkose Energy
Corp. (OTC: RKOS) announced today that it has acquired an oil and
gas leases from West Texas Royalties of Amarillo, Texas. The lease is in Eastland County, Texas, and cover 277+/-
acres. The properties have averaged 8-10 BOPD and over the past six
months
Trace Maurin, CEO of Arkose
remarked, "We are excited this transaction and look forward to
continuing to build a strong base of production in this region.
While the current production is small, there are 37 wellbores to
re-work with a modest CAPEX expenditure. As these wells are
shallow, the operating expense will also allow us to operate them
economically. Additionally, we feel that there may be deeper zones
available for us to drill and develop in the future. Our immediate
focus will be to acquire properties with similar characteristics
offering immediate upside potential."
About Arkose Energy Corp.
Arkose Energy Corporation is engaged in oil and natural gas
exploration, production and acquisition, primarily
in Louisiana, New
Mexico, Oklahoma, Texas and Wyoming.
This press release may contain projections and other
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Act of 1934, as amended. Any such projections or
statement reflect the company's current views with respect to
future events and financial performance. No assurances can be
given, however, that these events will occur or that such
projections will be achieved and that actual results could differ
materially from those projected. A discussion of important factors
that could cause actual results to differ from those projected,
such as decreases in oil and gas prices and unexpected decreases in
oil and gas production is included in the company's periodic
reports filed with the Securities and Exchange Commission
(at www.sec.gov).
CEO Arkose Energy Corp.
arkoseenergy.com
+1-972-687-9110
info@arkoseenergy.com
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SOURCE Arkose Energy Corp
