Exploration & Production | Top Story | Capital Markets | Private Equity Activity
Kabe Lands Equity Deal; Outlines Mississippian Growth Plan
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Kabe Exploration Inc. has secured a $500,000 Equity Commitment with JMJ Financial.
The funding was secured through issuance of restricted shares. The company has already received the first tranche funding to assist the company with its operational drilling development cost.
"We are excited about the level of investment confidence we are seeing from the professional investment community," says Erik Ulsteen, the company’s CEO.
Kabe Exploration holds 7,300 acres in Cowley County, Kansas. In it's latest investor presentation, the company updated its outlook and acquisition plans going forward.
Acquisition Growth Plan: KABE has 7,300 acres of oil leases in the highly productive Mississippian field of southern Kansas. KABE’s five year operational plan will bring 24 new oil wells into…Finish this article — free account or subscription
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