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Sunday, October 01 2023

Tobinsnet Oil & Gas Ltd (USA) acquired 100% of Maha Energy (US) Inc LAK Assets in Wyoming on March 23, 2023, and assumed operatorship.

Prior to Tobinsnet Oil & Gas Ltd's acquisition Maha had drilled eight deviated production wells and six water injector wells on the Field since the acquisition in 2013. 

Two stratigraphic vertical wells have also been drilled. One was extensively cored and deepened to prospect for oil in the deeper Minnelusa sandstone.

Extensive fieldwork and laboratory work have confirmed the results obtained in 2007 by Ivanhoe Energy (previous Operator), and a Recovery Factor of 20% has been assigned to the Field by independent experts engaged by Maha. RPS Knowledge Reservoir calculated a best-case estimate of original oil in place (OOIP) to be 62 million barrels. To date, less than 150,000 barrels of oil have been produced from the LAK Field.

Posted by: Hodgkinson Ross AT 10:26 am   |  Permalink   |  Email

    About Us

    Tobinsnet Oil & Gas Ltd focused on creating value for shareholders through our existing lines of business as well as acquiring additional oil and gas properties. Based on extensive due diligence which indicate that significant upside reserve potential exists for stable cash flows and growth, the Company focused on growing its strong portfolio of diverse resource which plays on producing natural gas liquids, oil and natural gas. READ MORE

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    Head office:

    5900 Balcones Drive STE 100
    Austin, Texas, 78731,

    Branch Office:
    1712 Pioneer Ave Ste. 500
    Cheyenne, Wyoming 82001,
    Tel: +1-307-746-6138
    Fax: +1-403-264-3410

    32 Tubbtown Road
    Newcastle, Wyoming 82701,
    Tel: +1-307-941-0589 (Direct)

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    100- 111 5th Ave SW, Suite 410
    Calgary, AB T2P 3Y6


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