SOURCE: Tiger Oil and Energy, Inc.

November 29, 2010 06:42 ET

Tiger Oil and Energy Enters Cowley County, Kansas Oil Venture With Black Hawk Exploration

BLAINE, WA--(Marketwire - November 29, 2010) - Tiger Oil and Energy, Inc. (OTCBB: TGRO) is pleased to announce its Joint Oil Venture with Black Hawk Exploration.

Tiger Oil and Energy, Inc. (TGRO) has entered into a co-development agreement with Black Hawk Exploration in which, after an investment of $400,000 by TGRO in a new well in Black Hawk's Cowley County lease, TGRO will earn a 40% working interest in the # 1 Baker well and BHWX will receive a 50% interest in the new well. TGRO will have the right to participate in the 9 well re-work program at the Cowley Prospect. The Cowley County, Kansas leases cover approximately 2,553 acres.

TGRO will receive a 80% interest in any other new well TGRO drills on Black Hawk's current or future Cowley County, Kansas leases and BHWX has the option to finance each additional new well drilled by TGRO on a prorated basis and own up to an additional 30%.

In addition, TGRO entered into an agreement with Tiger Oil and Gas, LLC, a Kansas limited liability company ("Tiger LLC"). In the agreement BHWX purchased oil and gas leases within Cowley County and Tiger LLC agreed to operate and participate in the development and exploration of additional oil and gas wells and leases on behalf of BHWX and Tiger Oil and Energy, Inc.

About Black Hawk Exploration

Black Hawk is a diversified metals and energy exploration company and currently has expanded its current exploration program focus on lithium, gold and silver discovery with the addition of oil and gas leases in Kansas. Continuing its program of value added property acquisition, new project generation, asset diversity and building shareholder value, Black Hawk will continue to develop its Clayton Valley lithium and Dun Glen gold and silver holdings and has added a third focus with the acquisition of the Cowley County, Kansas oil and gas leases and the10 inactive oil and gas wells to be jointly developed with TGRO.

About Tiger Oil and Energy

Tiger Oil and Energy is an oil exploration company expanding its portfolio of projects with value added acquisitions and participations. TGRO previously closed an exchange agreement with Jett Rink Oil, LLC, wherein the Company acquired 100% of Jett Rink Oil, LLC and operates as a wholly-owned subsidiary of Tiger Oil and Energy. Please refer to the Company's recently filed 8K for a detailed outline of the transaction. With the purchase of Jett Rink Oil, the Company acquired interests in two oil and gas leases located in Creek County, State of Oklahoma, (the Shilo Project) together with all equipment located thereon.


TGRO owns a 7.5% working interest with 80% net revenue interest, in the gas and oil lease containing 40 acres located in Creek County, State of Oklahoma (the "Shilo #1"). The Company also owns an 11.5% working interest with 80% net revenue interest, in the gas and oil lease (the "Shilo #2"). The two wells were drilled in 2006. The Shilo #1 originally produced 550 MCFG/D w/no water from a 10 foot Dutcher section (2940' - 2950'). From June 2007 through November 2009, (the available production history of the well) this well produced a cumulative 61,087 MCFG at an average monthly rate of 2068 MCFG/month and 374 BO. The Shilo #2 originally produced from the Bartlesville sand at 2410' - 2414'. Initial production was 55MCFG + 2 BO + 1/4 BW per day.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the anticipated exploration, development, production and acquisition of properties. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with energy exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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