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Tiger Oil and Energy, Inc. (OTC: TGRO) (formerly UTEC, Inc.) closed an exchange agreement with Jett Rink Oil, LLC, wherein the Company acquired 100% of Jett Rink Oil, LLC. which will operate as a wholly-owned subsidiary of the Tiger Oil and Energy.
Tiger Oil and Energy, Inc. (OTC: TGRO) (formerly UTEC, Inc.) closed an exchange agreement with Jett Rink Oil, LLC, wherein the Company acquired 100% of Jett Rink Oil, LLC. which will operate as a wholly-owned subsidiary of the Tiger Oil and Energy.
The press release is quoted as saying:
With this purchase, the Company has acquired interests in two oil and gas leases located in Creek County, State of Oklahoma, together with all equipment located thereon. Additionally, Tiger Oil has negotiated oil rights and obligations under an acquisition agreement dated July 23, 2010, between Tiger Oil and Targe Energy Exploration Production, LLC (“Targe Energy”) with respect to the purchase of Targe Energy.
Click here to access the entire press release
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