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Brief -- Fortem Resources

Las Vegas, NV-based Fortem Resources Inc.,  a publicly traded holder of oil/natural gas properties in western Canada and Utah, has acquired a working interest and related leases in 165,000 acres in southeast Utah from Black Dragon LLC. The acreage is in the Moenkopi Formation in Carbon and Emery counties, adjoining the Grassy Trails oilfield, which has produced 731,000 bbls of crude from the Moenkopi. Fortem is obtaining Black Dragon's 75% working interest in certain leases, hydrocarbons, wells, agreements, equipment, surface rights agreements and assignable permits totaling up to 258 sections of land with an 80% revenue interest. Fortem and Black Dragon entered into and closed a membership interest purchase agreement, with Fortem acquiring all of Black Dragon's interest.

ISSN © 2577-9877 | ISSN © 2158-8023

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