Amelia Resources LLC Announces the Sale of 40,000 Net Acres in The Louisiana Austin Chalk and LAMS Stack Plays
Amelia Resources announced today that it has sold 40,000 net acres of newly acquired leases to an undisclosed U.S.-based buyer. The acreage block is located in the core of the Louisiana-Mississippi (LAMS) Stack Play on the eastern side of the Louisiana Austin Chalk trend.
Amelia's President, Kirk Barrell, said, “With consistent higher oil prices, the stacking of the Austin Chalk and Tuscaloosa Marine Shale (TMS) make for a very attractive target. Continued success in the Texas Austin Chalk and comparable matrix porosity across Louisiana and Mississippi present an excellent opportunity for expansion into a new play. We are excited to bring another new player to the region.”
Click HERE to read more ...