Santa Fe Petroleum purchases leases in Jack County, Texas

Santa Fe Petroleum Inc.

Santa Fe Petroleum Inc. (OTCBB: SFPI) has signed a contract for the purchase of mineral interest land leases for 320 acres in Jack County, Texas.

The leases total approximately 320 acres and are located in the heart of the Marble Falls boom area. Sante Fe Petroleum has also contracted for raising land and drilling funds to complete the purchase of the leases and the drilling of its first well on the acreage.

Santa Fe's management plans to purchase additional acreage leases in Jack County and surrounding counties, and to bring its current leases into production as soon as possible.

Santa Fe's management has over 50 years of combined oil and gas development and production experience and plans to purchase additional acreage leases in Jack County and surrounding counties, as well as to bring its current leases into production as soon as possible.

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