Liquid gold surges just below the surface of Navarro County, Texas, bringing heavy investors to the Lone Star State. Exxon Mobil Production Company has already announced plans to begin drilling sometime during the first quarter of 2010, and other companies are following suit. Just a hundred miles awayâ€”a mere trickle in terms of underground oil reservoirsâ€”Max Tech Oil likewise plans to tap the resource, a plan that has investors smiling wide. The area, formerly owned by Exxon Mobil in the early 1920s, is speculated to have the equivalent of over forty million barrels of oil, enough substance to fuel over one million Texas households for an entire year. Max Tech Oil has acquired the IT Kent project from Black Gold International, taking exclusive control of the projectâ€™s capitalization process. Max Tech is working through the capitalization process in conjunction with Trinidad Oil and Gas, providing a deep foundation of experience in which investors can be very confident.
The IT Kent lease is part of the Powell Field, the second most prolific Woodbine Field in Eastern Texas. The fact that the reservoir is a Woodbine Field is yet another reason for investors to smile. Woodbine Fields are categorized by a gas-injection technology expected to increase the fieldâ€™s life by about 25 years.
The core of Max Tech Oilâ€™s mission is to seek out and purchase undervalued oil and gas properties with work-over, completion, or developmental drilling projects. The company utilizes three-dimensional Seismic Imaging to determine projects with low risk and high return for investors. As an independent oil and gas company, Max Tech is in an ideal position to capitalize on rising commodity prices and the global demand for oil and gas reserves. The company gains valuable insight from state-of-the-art technology and their experienced team of geologists. The Max Tech management team continues to develop and fund successful ventures for individual investor partners, with whom the company maintains excellent long-term relationships.
FOR MORE INFORMATION VISIT www.maxtechoil.com