Stellar Resources Ltd. (SRRL) Completes Acquisition of Two Oil And Gas Companies
Stellar Resources Ltd. has completed its agreement to purchase two private oil and gas companies with acreage and leases in the Rocky Mountain area. Stellar Resources Ltd. believes that the acreage has hydrocarbons that are economically recoverable. Stellar Resources Ltd. purchased the Elk Hills Heavy Oil, LLC and the Four Bear Heavy Oil, LLC from Ray Jefferd and Glen Landry. The assets of the Elk Hills Heavy Oil, LLC include 20,000 acres of oil and gas leases in Carbon County, Montana. The assets of The Four Bear Heavy Oil, LLC include 6,400 acres of oil and gas leases in Park…