Nextraction Energy Corp. engages in the acquisition and exploration of oil and gas properties in the United States. Properties The company has 25% interest in certain oil and gas properties located in Sublette County, Wyoming. Kentucky property In 2008, the company entered into a property lease agreement in respect of a property in Whitley County, Kentucky, United States that provides for the company to explore and develop the property. In January 2009, the company entered into three additional property lease agreements in respect of properties in Whitley County, Kentucky, United States, that provide for the company to explore and develop the properties. Farm-out agreement In March 2009, the company signed a letter of intent to enter into a Farm-out and Joint Venture Agreement with Vinland Energy Eastern, LLC (London, Kentucky) (Vinland) for the development of approximately 56,700 net acres in Whitely and McCreary Counties, Kentucky, held by Vinland under property leases. The proposed agreement provides the company to earn a 50% working interest in the properties.
nextraction energy corp (NE:Venture)
104 2nd Street S.W.
Calgary, AB T2P 0C7
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