Westralian acquires Kentucky oil lease

West Perth-based diversified energy explorer Westralian Gas & Power Ltd subsidiary Sunset Energy LLC has acquired an adjoining lease to its Stockton Lease in Kentucky, USA.

The full text of a company announcement is pasted below

The Company wishes to announce that through its wholly owned subsidiary Sunset Energy LLC it has acquired the lease which adjoins its Stockton lease to the west.

The lease is known as the Wells Farm and is approximately 150 acres. The lease has only been sparsely drilled. There has been significant production in adjoining leases to the west and east. The Company believes there to be
good prospects in the northern portion of the lease near the boundary of the Stockton lease where the #6 well is in production.

Data studies will be undertaken in the near future with the possibility of a well before Christmas.