Bioforce Nanosciences received assignment of nearly 19,957 acres of federal oil and gas leases in Nye County, Nevada, and engaged Ryder Scott to advise on potential development.
Key Highlights:
- Assigned 11 federal oil and gas leases covering ~19,957 acres in the White River Valley; transfer pending BLM approval.
- Leases target multiple prospective formations (Chainman Shale, Pilot Shale, Ely, Joana, others) with nearby analog production.
- If approved, leases carry 10-year primary terms, 12.5% federal royalty and are held by production; no proven reserves or wells yet.
- Company engaged Ryder Scott to provide reserve evaluation and technical guidance to support exploration and development plans.
Original SEC Filing:
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