The Editor | 
01 29th, 2010| 
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Bonanza Oil & Gas, Inc. (BGOI.OB) is an independent energy company, that engages in the exploration, production, and development of crude oil, natural gas, natural gas liquids, as well as the development and evaluation of 3D seismic programs in the United States. BGOI owns working interest in three oil and gas wells located in Gonzales County, Texas. BGOI is focused on creating shareholder value by optimizing the complimentary strategies of acquiring producing properties and capturing and exploiting interests in proven undeveloped reserves. BGOI management team and board of directors maintain three to four generations of experience, ownership and success in the oil & gas exploration and production business. BGOI has engaged various operators and partners in the West Texas Permian and South Texas salt domes. BGOI business plan incorporates several models that capture and exploit Proven Undeveloped reserves (PUDs).
BGOI’s Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. (Form 8-K) (January 20, 2010) (CLICK HERE)
BGOI ASSETS:
Apclark Field
6700 Acres encompassing 14 horizontal and 6 vertical PUD locations with superb production history. Currently have drilled two 10,000 foot TD horizontal wells in the Jo Mill Spraberry. Both are in Completion stage.
Good North Project
The Good North Field in Borden and Ho
ward Counties, Texas consists of 1,263 acres drilling opportunities offset to historical production in the Jo Mill Spraberry and Dean zones. The Good North also has drilling opportunities in the Wolfcamp and Canyon Zones. 3D seismic coverage assists in the evaluation of the Good North Project.
Bourland Field
Current producing from 8 existing wells on 960 acres in Ector County, Texas, in the San Andres Formation. The project to include drilling 8 new wells in the Field.
Damon Mound Field
Highly productive (11MMBbls) Gulf Coast salt-dome formation with up-dip hydrocarbon accumulation along the flanks of the dome.
Plantation
Eight well program that produces oil from the Austin Chalk reservoir in Gonzales County, Texas. There are currently 3 wells of the eight producing with the balance scheduled for workover. The wells are turn-key, resulting in no further expense to the Company.
WHAT INVESTORS SHOULD CONSIDER ABOUT BGOI:
The production level of the Jackson Well in the Apclark Field, operated by Westerly Exploration, Inc., appears to be increasing, after the re-fracturing stimulation of that well. Apclark Field is 5 miles East of the Jo Mill Field that has produced over 54,000,000 barrels of oil. BGOI’s original working interest for Apclark is a PV-10 value, per third party engineering, of $17mm.
The Company is also in hopes to exploit its development of the existing PUDS, and thus increase cash flow and value.
TODAY’S CHART
YEAR RANGE CHART
KEY EXECUTIVES:
Mr. William Wiseman - Chairman, Chief Exec. Officer and Pres
Mr. Robert Teague M.D - VP of Operations
Mr. Preston Croft - Chief of Field Operations
CONTACT:
Bonanza Oil & Gas, Inc.
3000 Richmond Avenue
Suite 400 Houston, TX 77098
Phone: (713) 333-5808
Fax: (713) 333-5928
http://www.crweselect.com/signup
Visit Bonanza Oil and Gas, Inc. (BGOI) at www.bonanzaog.com for more information
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Published By Chief Editor Derrick Bosket
Phone: (702) 448-1543
PLEASE BE SURE TO VISIT CRWESELECT.NING.COM
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