Greater Sooner Holdings, Inc. receives operator designation from the Texas Railroad Commission

Greater Sooner Holdings, Inc. receives operator designation from the Texas Railroad Commission

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.

Source: www.oilonline.com

Share this post