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(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). The high-quality operator footprint enhances production visibility and long-term value creation.
Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.”
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