The leases are situated on the western side of the Bend Arch of the Fort Worth basin.
The compensation for this transaction is five million shares of common stock in Breezer to Catalyst Capital Group and $50,000 cash.
Breezer president Tang Xu said the company’s vision is to grow into a solid and steady producer of oil and gas by acquiring and rehabilitating quality wells at a very economical scale.
Breezer Ventures is an oil and gas exploration and production firm.
