Western Standard Energy Corp. Acquires Package of North Dakota State Oil & Gas Leasesadmin
Western Standard Energy Corp., an oil and gas exploration company, announced that it has entered into an agreement with East Dickinson Oil and Gas Co. to acquire a package of ten State of North Dakota oil & gas exploration leases in and around Dickinson, North Dakota. Western Standard has also acquired one State of North Dakota oil & gas lease from the Stark County Oil & Gas Co.; amounting to around 750 net acres to be added to the Company’s exploration assets upon assignment (the ‘Leases’). All the Leases have a 1/8 royalty to the State of North Dakota, with the exception of two of the Leases, which have a 1/6 royalty.
Oil For America, LLC, a consultant to East Dickinson Oil and Gas Co. and the Stark County Oil & Gas Co., have identified and high-graded 10 Lodgepole Reef prospects on the Leases. According to a letter addressed to the company by Jamil Azad, a professional consulting geologist, there are no shallow gas sands to distort our proprietary geochemical analysis and each location yielded a strong and clear geochemical fingerprint of Lodgepole petroleum.”
Dan Bauer, President and CEO of Western Standard Energy stated, “With this recent acquisition Western Standard now has 18 identified and high-graded Lodgepole Reef prospects in its portfolio of exploration assets. This demonstrates our continued commitment to exploration in North Dakota and in Montana.”
Western Standard Energy Corp. is an independent oil and gas exploration company, traded on the OTC BB under the ticker symbol WSEG. Western Standard has secured and is developing a portfolio of oil and gas properties throughout Montana and North Dakota. Shareholders are invited to contact corporate communications toll free at (888) 956-7843 for further information.