2009-09-18-2009-08-12
Transaction Type
Sellers
Announce Date
Post Date
Estimated Price
2MM
Description
To earn 85% WI in CBM project in SE KS.
DK True Energy Development Ltd. has entered a joint-venture agreement to earn up to an 85% working interest in a coal-bed methane project in southeastern Kansas from JayHawk Energy Inc., Post Falls, Idaho, (OTCBB: JYHW) for a total value of up to $1.8 million. True Energy will pay $500,000 plus a minimum of $1.3 million over a three year period. True Energy has a right to use patented Short Radius Stimulation hydra-jet drilling technology for enhanced recovery.