LAS VEGAS, Jan. 16, 2013 /PRNewswire/ -- Tiger Oil and
Energy, Inc. (TGRO-OTCBB) is a dynamic young Oil and Gas
exploration company based in the heartland of America's energy
production. Tiger currently has over 800 acres of prime leases
under contract in Ness and
Cowley Counties in Kansas. On March 31, 2011, TGRO acquired the
Whitley leases in Ness County
Kansas consisting of 400 acres. Tiger has 100% of the
Working Interest (WI) to two previously producing wells, the
Whitley #1, which has had a cumulative production history of 64,626
barrels of oil and the Whitley #2 which historically had a
cumulative production of 22,717 barrels of oil. In the acquisition
Tiger acquired over 2390' of 9 5/8 surface casing, over 14,000 feet
of production casing, a tank battery consisting of a 400 BBL
Fiberglass Gunbarrel and 3-300 BBL Stock Tanks with Walkway.
James Melland, of Melland
Engineering, Inc. is preparing recommendations on putting these
wells back into successful production.
7 WELL HISTORICALLY PRODUCTIVE PROPERTIES
The Company has previously announced in the acquisition of 100%
interest in three Oil and Gas leases totaling 400 acres in
Cowley County Kansas, comprised of
three historically productive properties. Tiger's Geologist has
reviewed the Holman #2, #3, #4, and #5; the Adams #1 and the Glasse
Lease wells commonly known as the Wise #1 and Roberts #1 and have recommended a 7 well
exploration and production study. All the leases acquired by TGRO
were for 100% of an 81.5% Working Interest in the oil and gas
leases described and subsequently TGRO sold a 70% interest in the
leases to Roemer LLC, a Texas oil
and gas producer with over 70,000 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. TGRO previously closed an exchange agreement
with Jett Rink Oil, LLC, wherein the Company acquired 100% of Jett
Rink Oil, LLC. With this purchase, the Company acquired
interests in two oil and gas leases located in Creek County, State
of Oklahoma, together with all equipment located
thereon.
Notice Regarding Forward-Looking Statements
Contact: Kenneth B Liebscher
- CEO@tigeroilandenergy.com
"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
www.tigeroilandenergy.com under "News".
SOURCE Tiger Oil and Energy, Inc.
