All the leases acquired by the parties covering lands within the prospect area are owned 100% by TGRO with an undivided 81.5% working interest in the oil and gas leases.
The company entered into a joint development agreement on 12 parcels totaling over 2500 acres of oil and gas acreage in November 2010.
The company owns two oil and gas leases in Creek County, State of Oklahoma.
The Shilo #1 is a 7.5% working 80% net revenue interest and the Shilo #2 is a 11.5% working interest with 80% net revenue interest.
However, the company’s geologist has reviewed the Holman #2, #3, #4, and #5; the Adams #1 and the Glasse wells commonly known as the Wise #1 and Roberts #1 and has recommended a seven well exploration and production study.
