Tenguy World International Inc. (PINKSHEETS: TGWI) reported that the company purchased a working interest in oil and gas properties located in Pottawatomie County, Okla.
The properties include a well that has been online for two years and is being upgraded to significantly extend the producing limestone reservoir. The well produces on 40 acres from the Hunton Limestone oil-bearing reservoir.
In addition to the producing well, the properties also include a salt water disposal well, which is critical for environmental purposes and reducing operating costs.
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