SOURCE: Northumberland Resources Inc.

April 17, 2013 01:00 ET

Northumberland Resources Inc. Continues Focus on Kansas Mississippi Lime Oil Projects

LAS VEGAS, NV--(Marketwired - Apr 17, 2013) - Northumberland Resources Inc. (OTCQB: NHUR) is pleased to announce the following annual corporate update about the company and its recent and business activities in Kansas.

Northumberland Resources has continued to implement a highly focused, risk-averse oil and gas exploration company with a strategy of building a substantial portfolio of oil and gas assets in the onshore U.S. Northumberland continued to expand its oil interests in 2013 following solid growth in 2011 and 2012. The Company has focused on the Mississippi Lime formations in Kansas. Northumberland continues to expand its oil interests in 2013 following solid growth in 2011 and 2012. The Company closed out 2011 with a multiple acquisition of an additional 1040 acres of productive oil and gas leases. Two leases located in Pratt County KS were purchased at auction consisting of six wells with a 100% Working Interest of 82% Net Revenue Interest. These six wells leases are directly adjacent to our existing leases and will integrate the 6 (Sawyer Field) leases and maximize efficiency and production. Included in the purchase was a gas compression station that will enhance flows from current operations. The Company has committed up to $250,000 in a joint venture program with our partner and Operator, Lasso Energy, LLC. to update the Sawyer Field and develop additional production from this major asset.

Currently Northumberland has an excellent portfolio of oil and gas leases and is continuing its strategic growth through continued acquisition, exploration and joint ventures in new projects. As of November 1st, 2012 Management has consolidated their Operational Management under Lasso Energy, LLC. 

Northumberland will be adding additional oil and gas production in 2013 as it continues to develop it existing holdings through infield production, further acquisitions and additional exploration projects. The Company currently has 13 oil and gas producing leases with 19 producing wells and 7 salt water disposal wells (SWD). The Company also holds interests in 6 undeveloped oil and gas leases comprising 1215 acres of prime leaseholds scheduled for future development. Additional information on these strategic acquisitions and our oil and gas holdings is available on our website.

"Safe Harbor" Statement:

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. A complete "SAFE HARBOR: Disclosure" is listed on the Company's Website under "Investor Relations".

Contact Information