Bonanza Oil & Gas Enters Exploration Agreement on Apclark

Bonanza Oil & Gas, Inc. (OTC: BGOI), a Nevada Corporation and an independent oil and gas development company based in Houston, Texas, announced that the Company has entered into an Exploration Agreement on its Apclark Field properties with Blacksands Petroleum Texas, LLC., an affiliate of Blacksands Petroleum, Inc. Bonanza and Blacksands anticipate the drilling of multiple wells to fully develop the Apclark Properties in Borden County, Texas.

The press release is quoted as saying:

The primary objective of this agreement is to further the Company’s oil development of the Apclark Field properties in Borden County, Texas. Bonanza Oil & Gas, Inc. is a Houston, Texas-based oil and gas development company that holds assets ranging from current producing properties and wholly owned prospects to developing working interests in Proven Undeveloped properties (PUDS).

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