TennStar Energy, Inc. (TSE) Announced Its Acquisition of a Stake in 21 Well Lease in Caldwell County, TX
HENDERSONVILLE, TN--(Marketwired - January 17, 2016) -
The EOR21, JV is a Twenty One (21) Well Enhanced Oil Recovery Project located in Caldwell County, Texas. Twenty One (21) of the wells are proven productive vertical oil wells. Six (6) of the wells are currently producing oil on a daily basis. The remaining wells require remedial work up to and including acid treatment and/or hydraulic water fracture stimulation as part of the proposed EOR operations, and 2 of these wells will be selected for injection wells to re-pressurize the formation.
TennStar Energy, Inc. is engaged in the oil and gas business, with operations located primarily in the states of Oklahoma, Texas, and Kansas. The Company's ultimate strategic focus is the production of oil and natural gas, lease development, and the maximization of recovery, thereby enhancing reserves. The Company believes that its oil and natural gas development strategy will provide growth to the Company in the future. JG Forrester, President, stated, "TennStar Energy, Inc. takes pride in the opportunities that we offer our partners and I'm very excited about the future with this development."
TennStar Energy, Inc. is a Tennessee based independent exploration and Production Company engaged in the acquisition, development and production of crude oil, natural gas and natural gas liquids, primarily in Oklahoma, Kansas, and Texas. TennStar Energy and its experienced management team are poised to take advantage of the many opportunities that are present in today's energy markets. TennStar Energy, Inc. believes that with the stabilization of higher than average oil prices, it is well positioned to profit in today's booming energy market.
This press release may contain "forward-looking statements" defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
Company Ratings: D&B Credibility Platinum
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Source: Marketwired (Canada)
(January 17, 2016 - 12:19 AM EST)
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