Denali Oil & Gas

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Description

NEW, Denali Oil & Gas has retained Meagher Oil & Gas Properties Inc. to sell producing properties and leasehold in North Dakota. The package includes 33,160 gross acres (23,400 net) in the Tiger Claw Prospect in Burke County with five horizontal wells. Gross production on the properties is 450 barrels of oil and 550,000 cubic feet of gas per day, with net cumulative proved developed and proved undeveloped reserves of 3.1 million barrels of oil and 10.1 billion cubic feet of gas. There are also 50 proved undeveloped areas. For more information, contact Julia Foster, 303-721-6354, ext. 229.