CARSON CITY, NV / ACCESSWIRE / August 4, 2021 / Tiger Oil and Energy Inc. (OTC PINK:TGRO) ("Tiger" or the "Company") is pleased to announce the Company's application for OTCIQ has been approved. With this, the Company will be focusing resources on bringing all financials and filings up to date by the imposed SEC deadline. Over the past months the Company has been working on bringing the Upchurch lease back into production. The lease is a 75-acre lease held by production, producing from a single well drilled in the early 1980's. The well hit oil at just over 1800 feet in the Knox formations, it has been in production for 30+ years. The Knox formation is the premier oil formation in Kentucky and generally runs at depths ranging from 1600 to 2300 feet. Given the desire for Knox wells, nearly every newly discovered Knox well in the region has been offset. With the recent increasing in oil prices, the Company has started exploring the potential of acquiring new oil and gas leases.
Howard Bouch, CEO of Tiger Oil and Energy Inc. commented, "Over the last year, Covid-19 has given us time to reflect and to look at diversifying our business. The Company is positioned perfectly to start moving forward to bring our financial picture up to date. We look forward to sharing more information in the near future."
About Tiger Oil and Energy, Inc.
Tiger Oil and Energy, Inc. is an American based oil and natural gas exploration and production company engaging in the acquisition of oil & gas leases. Tiger Oil will apply advanced drilling, completion and secondary recovery techniques to currently shut-in and low producing wells, while utilizing modern technologies and techniques to increase production and profitability. For more information about the company and its leases please visit: http://www.tigeroilandenergy.com/
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Tiger Oil and Energy, Inc.
SOURCE: Tiger Oil & Energy, Inc.