Atoka – Oklahoma
The Atoka Gas Properties consist of a 25% working interest in three gas wells located in the county of Atoka, Oklahoma. The three wells produce approximately 1,036 mcf/day of gas and about 36 bbl/day.
Hubach/Clayton – Texas
The Company's interest in the Hubach/Clayton Properties are a 40% working interest in the Humbach #2 well located in Runnels County, Texas and a 25% working interest in the Clayton 1 gas well in Texas. These wells are operated by Paluca Petroleum Inc. The Company will assess the ongoing production on these properties, which will be further developed as per notification from the operators
Cowpen Creek West and Gordon Field, (both situated in Beauregard Parish), the Company has purchased a controlling interest in three producing wells; all of which are flowing wells, in consideration for US$250,000. According to production records obtained from the operator, one of the wells has a production history of flowing 20 barrels of oil per day for the last fifteen years; while the other two flow a combined 12 barrels of oil per day. In the case of the last two wells, these wells also produce water requiring expensive hauling to a salt water disposal facility miles away. TransAmerican has acquired the rights to a nearby salt water disposal well. The Company plans to alleviate the water hauling problem and hopes to improve production in the wells. Geological evidence exists that has been reviewed by the Company’s geologist which indicates other drilling opportunities in these new Fields. The present lease position is 120 acres(40 acres per well).It is the intention of TransAmerican to obtain more acreage in this area.
