Kentucky Petroleum Operating Signs Farm-Out Agreement with Indianapolis Group

Jan. 4, 2012 - PRLog -- Under the terms of the agreement, the group will seek operatorship and drill a test well in January 2012. The well will target the Lime and Knox formations and is expected to go to a depth in excess of 3000 feet. The well, which is expected to spud in the first half of 2012, will be completely funded by the Indianapolis private group. If successful, the group has confirmed the drilling program for up to an additional 4 wells on the leases. Kentucky Petroleum Operating on behalf of its limited partners will accrue working interest and production revenue from each of the wells drilled.

Mehran Ehsan, Energy Resources CEO commented: "A successfully drilled new well could be production tested using the existing facilities and create additional avenues of capital for our unit holders.  Another strategic geological advantage would be the benefit of gathering further analytical data from these leases for future drilling prospects internally.”

N.A – Energy Resources Corporation seeks to provide investors current income, as well as long-term capital appreciation, by participating in multiple asset valued characteristic properties within the oil and gas industry. ERC seeks to put forward 2-3 limited partnerships with strong set characteristics in various geographical locations for investors to participate.