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ALT - American Patriot Oil & Gas Ltd. Highlights - August 23, 2019
Australia-based American Patriot Oil & Gas Ltd. acquired six wells offsetting its existing properties at Gooch-Gant field targeting the Travis Peak in East Texas. American Patriot assumed $180,000 of plugging liability and received a payment of $45,000 from the seller, resulting in a net acquisition cost of $135,000. The acquired wells have six-month production averaging 7 boe/d from the Travis Peak with multiple zones behind......
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