KABX - Kabe Exploration, Inc.
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KABX Company Description
Kabe Exploration, Inc. engages in the exploration and development of oil and gas properties. It holds interests in approximately of 7,300 acres of oil leases located in the Mississippian field of southern Kansas; and 320 mineral lease acres located in Butler County Kansas. The company was incorporated in 2005 and is based in San Diego, California.
KABX Acquisition Growth Plan
-KABE has 7,300 acres of oil leases in the highly productive Mississippian field of southern Kansas.
-KABE?s five year operational plan will bring 24 new oil wells into production.
-Each well in the area is estimated to yield 400,000 barrels of oil?that?s 9,600,000 total barrels for the project?over a billion dollars in oil at today?s prices.
-Oil prices have climbed from $30/barrel in 2003 to over $111 in 2012 ? a 270% increase.
-Limited supply and political instability virtually guarantee that oil prices will continue to rise.
-KABE has an experienced management team in oil & gas exploration.
-KABE has partnered with Fortune Oil & Gas for drilling and operations?resulting in lower operational costs.
-Oil in the KABE field is of superior quality (35-38? gravity) = higher price per barrel.
-Oil stocks have been among the highest performing over the past 10 years.
http://www.kabeexploration.com/investor-relations.php
Why are analysts excited about KABE Exploration?
-The Company is sitting on over a billions dollars? worth of proven oil and gas reserves.
-The Company has an aggressive, 5 year operational model that will get 24 new wells operational and generating millions in annual profits.
-The Company is rapidly increasing reserves through acquisitions.
-The Company?s low cost operating model ensures quicker profitability.
KABX Services explained by the President
Letter from the President
As President & CEO of Kabe Exploration, Inc., I am pleased to announce our company has closed on 7,300 gross acres of the Mississippi Lime Oil formation located in Cowley County Kansas.
Once the initial test wells are completed, KABE is proposing the development of up to 50 horizontal oil wells in the Mississippian Lime Oil as KABE further plans expansion of up to 15,000 additional acres for Horizontal Mississippian Lime Oil Development in Cowley County, Kansas.
KABE?s current field acquisitions were selected due to the tremendous potential of developing substantial oil and natural gas reserves in a regional area which rivals any of the US oil Shale Plays. Leasing and drilling activity from major companies has intensified throughout rapidly developing Mississippian Lime oil resource play over the past 24 months. Major and Mid-size Oil Companies have aggressively leased up land at a record pace and have already began drilling horizontal wells in mature fields which surround us. As a matter of fact, leasing was up over twenty fold with drilling activity quickly catching up in the ?Mississippi Oil Play? area. KABE not only plans begin the development of our own leases but to continue to compete for additional acreage here.
KABE is consulting and has a commitment to work with one of the most desired, respected and successful Mississippi Lime Geologist in this region. KABE?s consulting Geologist has already mapped out the acreage KABE has under contract with the Fortune ?LOI?, picking out 10 locations here alone. Results of Mississippian Lime horizontally drilled wells have been proven to demonstrate the potential for 300,000 - 400,000 barrels of oil equivalent (Boe) per well at relatively shallow drilling depths of approximately 4000 feet with high oil quality of 35-38 degree API gravity ? a very high grade of oil.
KABE Exploration Inc. has quickly moved forward with established industry partners in coordination with this process. Preliminary discussions have proceeded in a significant manner in order to form a management team with the proven engineering and operational expertise for KABE?s planned oil development.
I would like to personally take this opportunity to thank you for your interest in learning more about KABE EXPLORATION, INC as we feel our future is certainly bright.
Warm Regards,
Erik Ulsteen
President & CEO
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KABX Key Company Management
Mr. Svein Erik Ulsteen has been the Chief Financial Officer, President and Secretary of Kabe Exploration Inc. since February 14, 2008. Mr. Ulsteen has been the Chairman and Chief Executive Officer of Emission & Power Solutions, Inc. (formerly Fuel FX International, Inc.) since 2004. He served as the President at Fuel FX International Inc., from 2002 to 2004. He serves as Chairman of Emission & Power Solutions, Plc. He has been a Director of Kabe Exploration Inc. since February 14, 2008. He served as a Director of Anturion Ltd. until December 2011.
KABX Contact Info
Kabe Exploration Inc.
3525 Del Mar Heights Road
Suite 357
San Diego, CA 92130
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