| Statesman Resources Ltd. |  | Statesman’s objectives are to develop productive assets that have sensible economics and high upside potential, then to build on their value. The Company is currently planning several development wells that could significantly extend the Reichel Gas Field in Rush County, Kansas. Under the terms of its Kansas agreements, successful testing will allow the Company to book reserves and to time the development of its interests in approximately 26,000 acres to coincide with favorable natural gas prices.Having established production and asset value, Statesman will pursue growth by finding other, similarly situated development opportunities, as well as by drilling quality prospects with high upside potential under strategic farm-in arrangements.
Statesman intends to continue its focus on under-explored California where it has a farm-in agreement with Salinas Energy Ltd. covering numerous oil leads and prospects in the San Joaquin Basin. In addition, Statesman is currently reviewing other opportunities in Kansas, Louisiana, Texas, and elsewhere that meet the Company’s objectives of sensible economics and high upside potential for oil and gas production. | | Visit Website | | Office Address | 885 W. Georgia St., Ste. 1500,
Vancouver, BC, V6C3E8 Canada | | Phone | (604) 601-2057 | | Fax | (604) 943-5364 | | Send Enquiry
| | Executives | Sasha A. Karpov, President and CEO |
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