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| Home : Petroshare Corp. Announces Closing of Lease Acquisition, $5.0 Million Revolving Line of Credit and Participation Agreement |
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May 20
2015 |
Petroshare Corp. Announces Closing of Lease Acquisition, $5.0 Million Revolving Line of Credit and Participation Agreement |
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CENTENNIAL, CO--(Marketwired - May 19, 2015) - PetroShare Corp. (the "Company") announced today that under its strategic land and leasing services agreement with Kingdom Resources, LLC ("Kingdom"), it closed on the previously announced assignment of approximately 333 net acres, as revised, covering all depths in parts of Township 1 South, Range 67 West, Adams County, Colorado. The acreage is located in the southern end of the Greater Wattenberg oil and gas field. The Company expects that this initial lease position represents the first of additional acreage acquisitions to be generated under the Company's agreement with Kingdom. |
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| Source:http://www.marketwired.com/mw/release.do?id=2021405&sourceType=3 |
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