Black Hawk Exploration, Inc. (BHWX.OB) Purchases Oil and Gas Lease in Kansas
Black Hawk Exploration has acquired 2,553 acres of leasehold in Cowley County, Kansas, including ten shut in oil and gas wells. The company did not disclose the purchase price paid. The company plans to drill new wells and recomplete existing wells at the site. Black Hawk Exploration said that the company has included funds in its 2011 capital budget to recomplete all ten shut in wells. The well will be recompleted in a joint venture with Tiger Oil and Energy, Inc. (TGRO). Tiger Oil and Energy, Inc. has already contributed $400,000 in capital towards drilling a new well at the…