Tiger Oil and Energy Inc. Stock Analysis TGRO

Tiger Oil & Energy, Inc. engages in the exploration, development, and redevelopment of oil and gas fields. The company is headquartered in Carson City, Nevada. The company went IPO on 2001-07-16. The firm is engaged in the acquisition of oil and gas leases. The company applies advanced drilling, completion and secondary recovery techniques to shut-in and low producing wells. The firm has acquired two leases, namely Upchurch and Defore 19-1 Well and 19-2 saltwater disposal well (SWD). The Upchurch lease is an approximately 75 acre lease held by production. The well hit oil at approximately 1800 feet in the Knox formations. The Knox formation is an oil formation in Kentucky and runs at depths ranging from 1600-2300 feet. The Defore lease is an approximately 80 acres oil and gas lease held by production, it contains both an oil well and a SWD.