Greater Sooner Holdings, Inc. receives operator designation from the Texas Railroad Commissionadmin
Greater Sooner Holdings, Inc. has announced that the Texas Railroad Commission has authorized the Company as a registered oil and gas Operator in the state of Texas. With this important step now complete, the Company is enabled to execute field operations to produce the estimated $285,000,000 in probable reserves from Clayton Field project area in Live Oak County, Texas.
The Company also announces that with initial fundraising nearing completion, a closing date has been set prior to the end of June, 2006 for the Letter of Intent on the Clayton Field project area. “It has been a busy second quarter for all involved with GSNH activities. We are pleased to reach the closing of our initial oil and gas transaction,” said Russell F. Krauss, CEO of GSNH.