Cycle Energy Industries to acquire 60 percent working interest in Lost Hills Oil Field.
International Resource News-June 30, 2020--Cycle Energy Industries to acquire 60 percent working interest in Lost Hills Oil Field
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International Resource News - 30 June 2020
Cycle Energy Industries Inc. (OTC: XFLS), a Canada-based energy provider, has signed a purchase agreement to acquire 60 percent working interest in Lost Hills Oil Field in Kern county California.
According to the purchase agreement, Cycle Energy Industries Inc. is to purchase 60 percent right and interest in the Harvest Petroleum Asset North West Lost Hills Lease and Lerdo Lease in California, and all material, Surface, Mineral Rights, Wells, Equipment, Facilities and infrastructure.
The purchase of the leases includes presently producing cash flowing wells and the company is to...
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