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    market news

    Topaz Resources to Acquire Dark Horse Operating Co., LLC

    Investing News Network
    Dec. 08, 2010 05:15PM PST
    Resource Investing

    Topaz Resources, Inc. (OTC:TOPZ) acquires Dark Horse Operating Co., LLC, which is a well established operating company in the North, Central and West Texas regions.

    Topaz Resources, Inc. (OTC:TOPZ) acquires Dark Horse Operating Co., LLC, which is a well established operating company in the North, Central and West Texas regions.

    The press release is quoted as saying:

    Dark Horse has undertaken complete operations for the drilling of more than 30 Barnett wells, from costing to preparation of AFEs and permitting through to drilling, completion and operating thereof. Dark Horse is the operator for Topaz’s activities in both the oil and gas legs of the Barnett shale. Dark Horse also is the operator of, and is handling the work over program and the drilling of three wells, both recently announced by Topaz for its North Texas shallow oil project, which comprises 543.69 acres with a history of proved producing oil wells, located in Wichita County in North Texas. The effective date of the acquisition has been set as December 31, 2010.

    Click here to access the entire press release

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