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Request Free TrialBlue Sky Oil and Gas Ltd.
Blue Sky Oil and Gas Ltd (?BSOG?), currently known as Fulucai Productions Ltd (trading symbol: FCPS on the OTC-BB), recently acquired producing assets in the state of New Mexico (65% working interest).
The assets include 14000 acres with 299 wells.
On December 2nd, the company entered into an agreement to acquire 100% of Blue Sky Langsa Ltd which owns a 65% Working Interest and operates the Langsa TAC concession (oil) located Offshore Sumatra, Indonesia.
The Langsa TAC is producing intermittently from one well and plan is to place 3 additional wells on production, including one well which tested 3500 bopd.
Blue Sky?s strategy is to build a strong production base, complemented by reserves, where its directors and management have prior experience.
The Company forecasts 2013 exit production of 100 bopd and 1,800 bopd in 2014.
Blue Sky Langsa expects to fund the expenditure program through a combination of private placement(s) and cash flow.
Headquarter
Calgary Alberta, T3A 4V1
Canada