Osage Exploration and Development Inc. - QwikReport

OSAGE EXPLORATION AND DEVELOPMENT INC. : http://www.osageexploration.com/ : QwikReport

Oklahoma

Summary

In 2005 the Company purchased from Conquest Exploration Company, LLC and Esso Oil Company of Oklahoma certain producing oil and natural gas leases (Hopper-Osage lease) located in Osage County, Oklahoma for a total consideration of $103,177.

Osage currently has a 100% interest in 480 acres
To date, the Oklahoma property consists of 23 wells, 10 of which are producing
Since Osage initiated the Redfork Waterflood, the production has increased by over 500%
The Proved Developed Producing (PDP) and Proved Behind Pipe (BP) reserves have been estimated at 44,633 net barrels of oil @ $40.00 WTI

Future Plans

Osage plans to continue to develop this leasehold, and with proper modern engineering and extraction techniques, increase the current production in the future.
Copyright © 2010 by Osage Exploration and Development Inc. All rights reserved worldwide.

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This page was created on Mon Sep 6, 2010 at 1:58:13 PM Pacific Time.