Kabe Exploration Inc. Announces LOI to Acquire New Mineral Lease

Kabe Exploration Inc. Announces LOI to Acquire New Mineral Lease

SAN DIEGO--(BUSINESS WIRE)-- Kabe Exploration Inc.(OTCBB: KABX) announces new Letter of Intent with Mazzullo Exploration, LLC & McLeod Exploration to acquire 320 Mineral lease acres in Butler County Kansas representing a 81% NRI. The plan is to drill shallow wells 3300-6000 ft. on a turnkey basis, which is a very low cost drilling program. We hope to achieve production of approx. 100-200 BPD for each well and we plan to drill 1 well initially and up to 7 wells if results from first one are positive.

About Kabe Exploration Inc.

Based in San Diego, California, Kabe Exploration Inc. is an oil & gas exploration and development company that acquires mineral rights in prolific shale plays for production.


This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.

Kabe Exploration Inc.
Media Relations: Erik Ulsteen
Contact: (858) 699-1359
Email: investorrelations@kabeexploration.com
Website: www.kabeexploration.com

KEYWORDS:   United States  North America  California


The article Kabe Exploration Inc. Announces LOI to Acquire New Mineral Lease originally appeared on Fool.com.

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