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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