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    Amelia Resources sells Tuscaloosa Marine Shale acreage

    Amelia Resources LLC

    Amelia Resources LLC has sold 50,000 net acres in the Tuscaloosa Marine Shale (TMS) play. The company has been retained as a technical consultant to market 50,000 net acres of newly acquired leases in the TMS play.

    Amelia's President, Kirk Barrell, said, "With the play continuing to be derisked, this focused package of leases on the eastern side of the play presents a new player an excellent opportunity to quickly commence a drilling program. Drilling improvements, along with high initial flow rates, are bringing more attention to this oil play. We believe that the repeatability and economics of the play will be extremely competitive with other US oil plays.”

    Amelia’s client has secured a large acreage block in a very active and competitive part of the play. Barrell stated, "Now that areas of the play are considered derisked, this acreage block presents itself as a very attractive acquisition for an operator wanting to control their destiny in the play. Unit applications and well permits are increasing dramatically."

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