Robert Anderson Lease

The company recently entered in to an agreement for several existing wells on the Robert Anderson Lease, also located in Morgan County, Tennessee.  Magellan Energy Ltd. will again be partnered with TMD Energy Inc. on this project.

This participation agreement includes five existing wells known as R.Anderson #2-permit #5534, R.Anderson #3-permit #6002, R.Anderson #3-permit #6241, R.Anderson #4-permit #6003, and R.Anderson #3-permit #6453. TMD Energy Inc. will continue as the operator of the wells and oversee any necessary work over procedures. The work on the Robert Anderson Lease has been completed and all necessary components of this project updated, installed and are currently ready for the production phase.