One-Page Deal Sheet
Breitling Energy Farms in With Stellar Energy and Investment
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Breitling Energy Corporation has entered into an agreement with Steller Energy and Investment Corporation.
Steller had previously entered into an agreement with Clayton Williams Energy, Inc. for the exploration and development of approximately 3,680 acres located in Sterling County, Texas and the Farmout Agreement provides for the Company to perform the obligations of Steller under that existing agreement.
Under the Farmout Agreement, the Company will earn a 100% working interest in each well that the Company drills, along with surrounding acreage. If the Company elects to drill at least…
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