Thursday, January 27, 2011

Approach Resources Acquires 10,900 Wolffork acres

Approach Resources Inc. announced that it has acquired 10,900 net acres in the Wolffork oil shale play (click here to view the release). Approach Resources has recently highlighted the play during their investor and analyst meetings and attracted the attention of Cannacord Genuity. Cannacord said that "we are very encouraged by the company’s recent Wolffork test results."

This type of attention drawn to the Wolffork and Wolfberry shale plays should benefit Lynden Energy Corp. Lynden is expected to release results from their three new Wolfberry wells shortly.

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