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Esrey Energy

Description

Esrey Energy is a Canadian exploration and development company focused on developing oil and gas reserves in Papua New Guinea and Bulgaria. The Company is headquartered in Vancouver, British Columbia, Canada. In Papua New Guinea, Esrey holds a 50.55% net interest in PPL 486, covering approximately 530,000 acres, a 60% net interest in PRL 13, covering approximately 40,000 gross acres, and an 84.25% interest in PPL 321 in northern Papua New Guinea, covering approximately 1.8 million gross acres. Esrey has entered into a farm-in agreement relating to 405,080 acres of prospective argillite formation in Bulgaria with Direct Petroleum Bulgaria EOOD, a subsidiary of TransAtlantic Petroleum Ltd. Esrey shares trade on the TSX Venture Exchange under the symbol "EEL". 

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