Petrichor Acquires Additional Interest In Marble Falls Prospect

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Acquired an additional 16.67% interest in the Marble Falls Prospect.

Petrichor Energy Inc. (TSXV: PTP) acquired an additional 16.67% interest in the Marble Falls Prospect in Fort Worth, Texas, the company announced Nov. 21.

Petrichor now holds a 66.67% working interest in the prospect. Furthermore, the operator, BlakEnergy Ltd., has informed the company that the construction of the location for the first well, Hinson #1 well, on the Marble Falls Prospect, located in Young County, Texas, has commenced.

The Mississippi Lime is a Mississippian age porous limestone formation that is deposited beneath the Barnett shale, which is analogous to the Mississippi Lime play in Kansas and Oklahoma. The Marble Falls formation is a Pennsylvanian age limestone, analogous to the Strawn Lime play in West Texas. To date, independent operators have drilled over 50 vertical and horizontal multi-stage fraced wells in the Marble Falls and Mississippi limestone with positive results.

Petrichor Energy Inc. is an emerging oil and gas exploration company focused on acquiring, exploring and developing new oil and natural gas reserves in North and South America. The company is based in Vancouver, B.C.