Latest Chalk Group Stories
SARASOTA, Fla., Aug. 11, 2011 /PRNewswire/ -- Loreto Resources Corporation (OTC: LRTC) ("Loreto") today announced that it has signed a non-binding letter of intent with Eagleford Energy Inc. ("Eagleford"), under which Loreto would have the right to farm in to an up to 50% working interest in Eagleford's net working interests in the Matthews Lease and the Murphy Lease in Zavala County, Texas. Key highlights of the letter of intent are as follows: Farm-in agreement would cover 5,266...
HOUSTON, Feb. 12 /PRNewswire-FirstCall/ -- Blast Energy Services, Inc. (OTC Bulletin Board: BESV) reported positive production results from two wells in the Austin Chalk formation, where it recently applied its lateral fluid jetting services. The two Reliance Oil and Gas wells are each producing approximately 33 barrels of oil per day and the production rate continues to increase. Based on the performance to date, Reliance expects that over the next few weeks the daily production rate could...
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