GeoPetro Resources Company
NYSEMKT:GPR ISIN:US37248H3049
GeoPetro Resources Company is an oil and gas exploration, development drilling and production company. The Company has conducted leasehold acquisition, exploration and drilling activities on its North American, Australian and Indonesian prospects. The Company’s oil and natural gas exploration, appraisal and development drilling activities are focused in four project areas: United States—Texas (onshore South and East Texas regions), Alaska (onshore Cook Inlet area) and California (onshore San Joaquin basin); Canada—Alberta (central Alberta basin); Indonesia—onshore East Kalimantan Province, and Australia—onshore in two permit areas located in the South Perth basin.
News
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) has completed its first objective in the exploration program of the Point Mackenzie Block, Cook Inlet Basin by drilling and testing the LEA#1 wildcat well. This block of petroleum leases was acquired from GeoPetro Resources (AMEX:GPR) in March 2010 along with the Trading Bay Block acreage. A condition of the acquisition included drilling to test a geologic structure identified by GeoPetro from reprocessed seismic data upon the LEA#1 site.
Further to the announcement made on 2 March 2010, Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that its wholly owned subsidiary, Linc Energy (Alaska), Inc., has completed the transaction with the successful acquisition of approximately 122,000 acres of State of Alaska and Alaskan Mental Health Trust oil and gas leases located in the Cook Inlet Basin, Alaska from GeoPetro Alaska LLC (NYSE:GPR).
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that its wholly owned subsidiary, Linc Energy (Alaska), Inc., has executed an agreement with GeoPetro Alaska LLC to acquire onshore oil and gas leases in the resource abundant Alaskan Cook Inlet Basin, securing potential short-term revenue opportunities.
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