info
Stock Symbol " NSP " , Frankfurt Stock Exchange
About Company
Natural Springs Resources is a young company that is engaged in the reworking prematurely suspend Oil & Gas Wells by the major oil companies with in USA and Canada.
The Company has acquired working interest of a previously producing oil field in Jones County, Texas. It is 35 miles northwest of Abilene and eight miles southwest of Anson. This property has and will have 6 wells and 3 fields in the first PALO PINTO.Each structure should produce 200,000 to 250,000 barrels of oil or a planned 1.5 million barrels for all 6 wells. Below is a picture of the first well flowing back. Each well should produce for almost 20 years.
With the price of oil continuing to climb to historic highs, the Company is interested in funding previously producing properties that still have significant oil reserves, but were not economically viable at lower prices for the oil.