Amarox Energy Inc.’s Bighorn Acquisition
Amarox Energy Inc. (TMX:AMR) has announced that its subsidiary Trilateral Energy has acquired a 50% working interest in oil and gas properties in Wyoming’s Bighorn basin for $1.8 million. The purchase includes 8 gross (4 net) wells and over 5,200 (2,600 net) acres of land. Current production rates for the property offer Amarox 35 net barrels per day. Future capital input should be expected from this deal, as most of the acquired property resevoirs aren’t currently undeveloped. The Bighorn has been under production for over 50 years and offers mainly mid grade oil reserves.
Commercial Space Investing
In 2012, the global space economy grew to $304 billion in commercial revenue and government budgets. That’s a 6.7% increase from 2011, and more than the entire biotech industry. Unlike biotech though, investment opportunities in the commercial space market are incredibly rare. It doesn’t just take a lot of digging to find the right ones… it takes a lot of digging to find them at all. But public investors are finally beginning to show their confidence in this industry, and we are in the early days of something very, very big.