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Abby Inc.
60 Auburn Bay Ave SW
Calgary, Alberta T3M 0K7
Tel: 403-922-4583
abbyenergy.com
PROFILE:
Abby, Inc. looks to be an aggressive participant in low-risk oil and gas projects in Canada and the United States that offer quick return of capital. In Canada, its closing the acquisition of Rogers Oil & Gas, which holds working interests in 15 wells in the Bakken formation. In the U.S., Abby works with seasoned operators as a principal investor and major participant.
VALUE PROPOSITION:
Investment Highlights - Abby's quick turn-around of capital investment decisions makes it an ideal partner for seasoned operators across North America. The Company looks for low-risk properties with participation on the part of the operator where the return on capital is sufficient to build out production.
Investment Proposal - Abby, Inc. has entered into an option agreement on six parcels in Richardson County, Nebraska with veteran operator, Black Star 231 Corporation. The agreement calls for investing in two wells per parcel initially with the State Line field eventually building out to 30 operating oil wells. The first two options, Rose Dome and Stateline have been exercised.
Canadian Subsidiary - Abby, Inc. is acquiring Rogers Oil & Gas with closing subject to audited financials and issuing convertible preferred stock for the Corporation. Rogers holds working interests in 15 producing oil wells in the Bakken formation in the Saskatchewan Province. Rogers will function as Abby's Canadian oil & gas development group.
Property Overview - Rogers Oil & Gas wells are located in three fields within the Bakken formation in Saskatchewan, Canada; the Wordsworth, West Wildwood and West Queensdale fields.
Partners - Abby, Inc. looks to seasoned operators to participate in the development of low-risk oil prospects. Black Star 231 Corporation, our first U.S. Partner, is based in Kansas City, KS and headed by veteran oilman Jim "Blacky" Pryor who has discovered recoverable oil reserves in Kansas, Oklahoma, Nebraska and Missouri from 300,000 to 3,000,000 barrels. Abby entered into a six-option agreement encompassing the entire State Line Field with the first parcel slated for drilling December 24th.
Richardson County, NE - Known as the State Line Prospect, the six parcels that make up the field encompass 2100 acres under lease. The area comprises three pay zones that are found in two nearby fields, the Dawson and the McClain, whose combined oil recovery exceeds 5.5 million barrels. Dawson is two miles to the North, McClain is 10 miles to south. Those fault lines run through State Line.
Future Potential Revenue - Three wells border the State Line Prospect. One on the Northwest edge and two on the southwest. Two of the wells average 20 barrels per day and are pumping oil from the edge of the field, the thinnest pay zone area, the third was shut-in in the 1930s, having also produced 20 bbls per day. The State Line Prospect lies over the thickest portion of the sandstone pay zones with as much as three to five times the thickness.
Expansion - Abby, Inc. is seeking low-risk prospects in Colorado, West Texas and Louisiana within the United States as well as additional properties in Nebraska through its local operating partner, Black Star 231 Corp. In Canada, investments in Alberta and Saskatchewan are being explored by Rogers Oil & Gas, the Saskatchewan company being acquired by Abby, pending its audit. |
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OTCBB: ABBY
As of October 31, 2012
Common Shares Authorized:
500,000,000
Common Shares Issued:
102,000,000
Public Float:
67,000,000
Transfer Agent:
Holladay Stock Transfer
Preferred Shares:
Authorized: 25,000,000
Preferred Shares Issued: 20,233,615
RECENT NEWS:
Abby, Inc. Exercises Option on Second Parcel in Stateline Oilfield in Richardson County, NE
Abby, Inc. Executes An Option to Acquire Up to a 75% Working Interest in Oil Wells Located in Richardson County, Nebraska
KEY EXECUTIVES:
Tom Forzani
President
Randal Crouteau
Vice President Exploration
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