viewAbilene Oil & Gas Ltd

Abilene Oil and Gas acquires acreage in Kansas


Abilene Oil and Gas (ASX:ABL) has acquired further acreage in Kansas through three separate transactions and has entered into a further loan agreement with Mathieson Downs, which is associated with director Craig Mathieson.

The further loan of $850,000 will be used to fund acquisition of these working interests and working capital.

ABL has acquired 49% working interests in the Pratt County Prospect, Rawlins County Prospect and Rodinia Resources joint venture projects.

Drilling could begin in late 2015 at the Rawlins County Prospect and in early 2016 at Pratt County.

The company is still the process of reviewing funding mechanisms which will generate sufficient cash resources to fund its operations and repay loaned funds from Mathieson Down.

In addition, further drilling at the Central Kansas Uplift Appraisal and Development Project will re-commence in the coming weeks.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Abilene Oil & Gas Ltd

Price: 0.001 AUD

Market: ASX
Market Cap: $397.61 k

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Thunderbird Entertainment sees strong third quarter results...

Thunderbird Entertainment (CVE: TBRD-OTC: THBRF) CEO Jennifer Twiner McCarron joined Steve Darling from Proactive Vancouver to share news the company has released their 3rd quarter financial numbers which saw a 40 per cent increase from Q-3 of last year. Twiner-McCarron talks about what led...

20 hours, 44 minutes ago

2 min read