US-based oil and gas firm Supernova Energy has more than doubled the working interest (WI) ownership on the Anderson oil lease in Kansas.
The agreement increases Supernova’s working interest (WI) ownership by 36%, for a total of 60%, in exchange for $40,000 dollars and 40,000 restricted preferred shares. The acquisition is in line with the company’s strategy to increase ownership on leases currently held by Supernova.
Supernova CEO Kevin Malone said: “This is the first step in our overall acquisition strategy.
“We have started assessing our holdings and have identified leases to increase ownership in. We will continue to acquire additional working interest (WI) in strategic leases.”
About the Anderson Lease, Barton County – 160 acres
The Anderson lease located in the Chase-Silica field has three oil wells and a refitted SWD well. This lease currently runs off electricity and has been producing since 1956 from the Arbuckle formation, as of the yearend 2015, it has produced 363,800 from six different wells.
There are potential drilling locations in the Arbuckle and potential pay behind the pipe in the Lansing – Kansas City.
Source: Company Press Release.
