Timberlake Energy Solutions Inc. (Pink Sheets: TLKE) has signed a Memorandum of Understanding (MOU) to acquire a 2,600 acre oil lease field located in Kansas. There are 54 producing wells located on the property and also contains 42 wells which will need to be renovated. Currently the wells are producing an average of 90 bbls of oil per day.
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Timberlake Energy Solutions Inc. is an exploration company focused on purchasing abandoned or under valued oil and gas leases in the United States. With an experienced technical team, these oil and gas wells are refurbished and outfitted with the latest in oil and gas recovery equipment.
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