CYNS.PK Oil and Gas Corporation

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Profile:  


Cygnus Oil & Gas Corp.
1600 Smith Street
Suite 5100
Houston, TX 77002
United States - Map
Phone: 713-784-1113
Fax: 713-785-8530
Web Site: http://www.cygnusoilandgas.com

DETAILS  
Index Membership: N/A
Sector:  
Industry:  
Full Time Employees: 8


BUSINESS SUMMARY  
Cygnus Oil and Gas Corporation, a development stage energy company engages in the exploration, development and production of oil and gas in the United States and New Zealand. It has interests in 13 oil and gas projects. The company owns a non operating 24.98% working interest in State Lease 17742 in offshore Louisiana; a 17.82% operating interest in approximately 4,000 acres in Wharton and Jackson counties in multiple prospect areas; a 18.56% non operating working interest in Petroleum exploration permit 38722 in the Taranaki Basin and a 5.95% non operating working interest in Petroleum Exploration Permit 38479 in New Zealand. It also owns non operating interests between approximately 27% and 68% in approximately 60,000 gross acres in the Black Warrior Basin in northern Mississippi; a non operating 15% working interest in 3 producing wells and the associated leasehold in approximately 1,600 acres in south Texas, a non operating 4.85% working interest in 3 wellbores and the associated leasehold in approximately 1,425 acres in Zapata County in south Texas and a 15.84% working interest in 1 wellbore and the associated leasehold in approximately 1,600 acres in south Texas. The company also owns a 50% operated working interest in approximately 11,000 leasehold acres in McIntosh County, Oklahoma and a 45% non operated working interest in approximately 150,000 leased and committed acres in Woodruff, Monroe, & St Francis counties. As of May 19, 2006, it had net estimated proved developed producing and non producing reserves of approximately 81.1 thousand barrels of oil and 607.3 million cubic feet of gas in Texas and Louisiana. Cygnus Oil and Gas formerly known as The Coffee Exchange, Inc was formed in March 2001. It changed its name to Touchstone Resources USA Inc. in March 2004 and to Cygnus Oil and Gas Corporation in June 2006. The company is headquartered in Houston, Texas. On April 3, 2007 the company and affiliates filed for Chapter 11 in the US Bankruptcy Court.

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