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Black Dragon Energy

Black Dragon has the right to acquire a 75% working interest in and to certain leases, hydrocarbons, wells, agreements, equipment, surface rights agreements and assignable permits totaling approximately 165,000 acres (258 sections) at an 80% net revenue interest located in the Moenkopi formation of the Carbon and Emery Counties, Utah.

Black Dragon Energy


165,000 Acres of Oil and Gas Leases in the Moenkopi Formation, Utah

Black Dragon has the right to acquire a 75% working interest in and to certain leases, hydrocarbons, wells, agreements, equipment, surface rights agreements and assignable permits totaling approximately 165,000 acres (258 sections) at an 80% net revenue interest located in the Moenkopi formation of the Carbon and Emery Counties, Utah.

The Moenkopi oil resource play adjoins Grassy Trails field, which has produced a cumulative 731,000 barrels of oil from the Moenkopi formation. Along with Black Dragon’s Moenkopi property, it comes with new production facilities and is currently producing high gravity oil (38+ API) from a single well awaiting a cleanout to enhance its current production. High quality 16sq mi 3D seismic has been performed on the property along with significant progress on drilling permits of 12 wells. Currently, there have been 543 penetrations in the Moenkopi formation from surrounding areas. In addition, Black Dragon’s prospect also has three other potential formation targets like the Kaibab, Doughnut and Manning Canyon.

Fortem Resources Acquires 165,000 Acres of Oil and Gas Leases in the Moenkopi Formation, Utah

LAS VEGAS, NV--(Marketwired - Apr 17, 2017) - Fortem Resources Inc. ( OTCQB : FTMR ) (the "Company") is pleased to announce that...
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