Boundary Bay Resources Inc. (BBRE.PK) Signs Definitive Agreement with OilTec
Today Boundary Bay Resources Incorporated proudly announced that on March 22, 2008, a definitive agreement was executed with OilTec LP ("OTL"). In the agreement, Boundary Bay Resources acquired a 40% working interest of OTL's leasehold interest in the already producing Chevron Fee # 3 well, which is located in Marion County, Oklahoma, in exchange for $75,000. The well is already producing to a depth of 6,400 feet. Boundary Bay has also acquired the right to purchase a 25% working interest in any subsequent wells drilled at the Chevron Fee property that are reworked and/or re-completed or re-entered for a pro…