Stockmarketquarterly Newsletter CGCA

Stockmarketquarterly Newsletter

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Cobra Oil & Gas Co. (OTCBB: CGCA), an independent oil and gas exploration and production company headquartered in Houston, Texas, and focused on the strategic exploration and development of domestic energy projects, has entered into a Letter Of Intent (LOI) with Enercor, Inc. (Enercor) to purchase 20% lease assignment upon completion of financing activities. Enercor holds a contract with Exxon Mobil Corporation regarding the conversion of certain of Exxon Mobil's leases covering approximately 26,000 acres of land owned by the BLM (Bureau of Land Management) in the State of Utah purported to hold an estimated potential of up to 1.4 billion barrels of oil in place in its tar sands. That contract provides that the Company use its resources to convert those leases into Combined Hydrocarbon Leases and then it will have the right to exploit the tar sands on those leases at its expense, paying a 1/16 royalty to Exxon Mobil on top of the 8% royalty that is due to the BLM.

Cobra Oil & Gas Co. is an independent oil and gas exploration and production company headquartered in Houston, Texas, and focused on the strategic exploration and development of domestic energy projects.

Cobra has signed an LOI with Enercor Inc. for the purchase of a 20% lease assignment upon completion of financing activities on 23 Federal Leases in the central region of the P.R. Spring bituminous sandstone deposit in southern Uintah County, Utah on our Utah Oil Sands Prospect. These leases comprise 33,632 acres in total, approximately 15% of the entire P.R. Spring deposit. It is estimated the P.R. Spring deposit to contain 4.0 to 4.5 billion barrels of oil on Cobra’s leases, according to the US Bureau of Mines.

In addition, Cobra Oil & Gas has an option to buy a 50% interest with 100% working interest (WI) and approximately 80% net revenue interest (NRI) on 82,000 acres in Williston Basin, Valley County, Montana. Over 300 Lodgepole Reef prospects have been identified with likely 100 drillable prospects and preliminary estimates of potential gas reserves totalling 260 billion cubic feet (BCF), comprising our Starbuck Prospects.

Cobra Oil & Gas is an exciting junior oil and gas exploration company with promising prospects for the future.. The company is aggressively acquiring assets in solid locations with some of the big names in the industry...

Holding a position in this company will make a nice addition to your portfolio for growth and long-term investment..

Always invest smartly and do your DD when considering this issue or any issue for investment purposes.

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