Ameratex Energy Signs Joint Operating Agreement to Finalize Acquisition of 47% Direct Interest in Texas Oil and Gas Field

29 Jun

Ameratex is pleased to announce that it has entered into its first Joint Operating Agreement (JOA) with an oil and gas field owner in Texas.

The project represents the first oil and gas near term producing assets acquired by Ameratex and will form the backbone of our development strategy in 2012.
The structural framework of the field has been well delineated by the interpretation of the available 3D seismic dataset and the well control logs which Ameratex Energy and its technical consultants have reviewed.

After re-entry of the discovery well and an expected Long Term Test (LTT), a new well will be drilled as an appraisal well to define the in-place volumes.

Written by Frank
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