Business News • MarketWire • Geo Finance Corporation Undertakes Due Diligence on the Weichman Lease |
Geo Finance Corporation Undertakes Due Diligence on the Weichman Lease |
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Geo Finance Corporation Undertakes Due Diligence on the Weichman Lease
TORONTO, ONTARIO--(Marketwire - March 3, 2011) - Geo Finance Corporation (PINK SHEETS:GEFI) announces that it has completed the initial review of a report on an 80 acre portion of the subject lease prepared by a qualified petroleum engineer for the current lease holder. The total 140 acre Weichman Lease is located approximate 4 miles east of the City of Jean, Texas and has 7 existing wells and one injection well currently located thereon and was originally drilled in 1949 with production coming from the Gunsite Horizon at 700 feet. Production is reported to have been continuous since inception.
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