SAN ANTONIO, Tex., Jun. 26, 2015 /PRNewswire/ --Arkose Energy Corp.
(OTC: RKOS) is an aggressive oil and gas Junior
company that is focused on acquiring undervalued
properties, using the All in one step philosophy
technical expertise and JV strategic partners.
Arkose Energy Inc. focus is acquiring marginal properties,
utilizing in house drilling equipment and water
disposal technology. Our approach is to
maximum production with the minimum expenditure,
thus utilizing drilling and service
equipment as well as treating contaminated well water on
site, thus eliminating high trucking and disposal
costs.
Arkose Energy Inc. is currently reentering 45
well bores with the objective of stimulating the
formation, thus increasing the flow of liquids
and hydrocarbons the newly acquired leases are in
Eastland County, Texas, and cover
277+/- acres.
Trace Maurin, CEO of Arkose
remarked, "We are excited about 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 45 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 returning a higher ROI. We
anticipate production when fully operational to
produce in the 40/60 BOPD. Additionally, we feel that there may be
deeper zones available for us to drill and develop and tap
into new formations and reserves. Our immediate focus will be
to acquire properties with similar characteristics offering
immediate upside potential and shareholder value."
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
+1-210-632-2793
info@arkoseenergy.com
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SOURCE Arkose Energy Corp