Home » Power and Energy Articles » Stealth Energy Inc. Is Pleased To Announce Oil Lease Acquisition
Stealth Energy Inc. Is Pleased To Announce Oil Lease Acquisition
Stealth acquires 8,500 acres of oil leases located in Musselshell, Petroleum and Rosebud counties, central Montana - Will earn 75% by drilling 4 wells - Spud date is 1 July 2010 or earlier
VANCOUVER, BC, May 22, 2010 /Power and Energy PR News/ -- Stealth Energy Inc. (the "Company") is pleased to announce that its 100% owned subsidiary Stealth Energy USA, operating out of Billings Montana, has signed a letter of intent respecting 8,500 acres of prospective oil leases. The acreage is located in Musselshell, Petroleum and Rosebud counties in central Montana. Under the proposed agreement, which is currently being legally formalized, Stealth will earn a 75% working interest by drilling 4 wells. The anticipated spud date is on or before 1 July 2010.
President John Campbell states: "With this single acquisition our prospective oil lease acreage is dramatically increased and we are optimistically looking forward to the summer drilling activity."
Stealth Energy Inc. is a producing oil & gas company with its field office in Billings, Montana, USA. The company develops its own properties and continues to seek and make acquisitions, primarily within Montana and Wyoming. For further information please contact Carlo Nigro at (604) 669-7831 or stealthenergy@telus.net.
For further information visit http://www.stealthenergy.ca
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Press Release Contact Information:
Carlo Nigro
Stealth Energy Inc.
Investor Relations / Office Mgr
1328 - 885 W. Georgia St.
Vancouver, BC
Canada V6C3E8
Voice: 604 669 7831
Fax: 604 669 7885
Website: Visit Our Website |
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