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CAYC |
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CAYC will keep the Great Plains Resources assets acquired, which includes approximately 1,800 shallow oil wells situated in south Texas on about 40,000 gross acres of oil and gas mineral leases. The funding agreement will enable CAYC to grow through the acquisition of portable swabbing units, drill, test, complete, and equip new in-field oil wells as well as provide the funds for select acquisitions and for its day-to-day operations. According to the terms of the agreement between CAYC and HPC, HPC will invest $ 17. |
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