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kabe exploration inc (KABX) Key Developments

Kabe Exploration Inc. Announces Oil and Gas Acquisition Plans

Kabe Exploration Inc. announced it has submitted a proposal to acquire a 140 acre proven producing oilfield located in Murray County, OK. The oilfield current production is 93 BOPD with cash flow over $2,000,000 annually. The field has estimated 2 million proven recoverable barrels of oil with 13 wells (9 producing), shallow depths of 1500 ft. The company plan to go into the field and drill additional wells and re-work existing wells with acidation and other stimulation treatments to increase production from these wells. This prolific field will enhance its portfolio of oil and gas assets to build a great independent oil company.

Kabe Exploration Announces Significant Oil and Gas Acquisition

Kabe Exploration announced that it has entered into a letter of intent to acquire a 160 acres proven producing oilfield located in Cheyenne County, NE with an option to purchase an additional 1,280 acres. The oilfield has been producing oil since 1988 averaging approx. 600 bbl per month crude oil production. The producing wells in this field had $500,000 revenue last year.

Kabe Exploration Inc. announced delayed 10-Q filing

On 11/14/2013, Kabe Exploration Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Kabe Exploration Inc. announced delayed 10-Q filing

On 08/14/2013, Kabe Exploration Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Kabe Exploration Inc. Announces Loan Agreement with Phoenix Group Capital Markets

Kabe Exploration Inc. announced that it has secured a bridge loan with Phoenix Group Capital Markets. The bridge loan was secured with restricted stock for operating capital purposes. The company had previously entered into a $5,000,000 reserve equity financing agreement with Phoenix Group in a term sheet announced in May.

 

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