Arabella Exploration concentrates on the acquisition, development, and exploration of unconventional, long life, onshore oil, and natural gas reserves in the Southern Delaware Basin in West Texas. The company’s management team is experienced with drilling multi-lateral wells and is primarily focused on the formations that the industry refers to as the Wolfbone play, which includes the Wolfcamp and Bone Spring shales. The Wolfbone play is characterized by high oil content and liquids rich natural gas, multiple vertical and horizontal target horizons, extensive production history, long-lived reserves, and high drilling success rates.
Arabella’s production expertise is rooted in the work of its technical staff as it can execute drilling and complete a “standard” single lateral well. The company possesses the technology to add additional laterals to existing wells. This process reduces costs and enhances development of the multiple, stacked pays also found in the Delaware Basin.
Chief Executive Officer and Director, Jason Hoisager, founded Arabella Exploration, Inc. in 2008. As the company continues to actively acquire and develop assets in the Delaware Basin of West Texas, Hoisager is responsible for asset acquisition, business planning, and the overall management of a growing operating company. Additionally, Mr. Hoisager founded and President of Arabella Petroleum Company, LLC, which currently is the operator for Arabella Properties.
Effective with February 27, 2014’s opening bell, the company’s ticker symbol for its ordinary shares transitioned from “LOKKF” to “AXPLF” and the ticker symbol for its warrants from “LOKWF” to “AXLWF.” The new CUSIPs are G04449107 and G04449115 for the ordinary shares and warrants, respectively.
For more information on the company visit www.arabellaexploration.com
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