BioForce Nanosciences Holdings, Inc. Expands Beyond Nevada with Texas Leasehold Portfolio and Advances Herrin-1 Feasibility Evaluation
BioForce Nanosciences (OTC: BFNH) expanded its oil and gas portfolio beyond Nevada via a 100% leasehold interest in two Liberty County, Texas leases totaling approximately 67.59 acres. An engineering report from Hagen Consulting estimated gross Proved Developed Behind Pipe reserves at Herrin-1 of 285,730 barrels of oil and roughly 23.5 billion cubic feet of gas, but the well is currently shut in and the report was prepared for related-party CELT eResources before the lease transfer. BFNH estimates at least $2.5 million of capital to potentially return Herrin-1 to production, with no financing commitment or final development decision made.
Key figures
- Leasehold acres
- approximately 67.59 acres
- Estimated reactivation capex
- $2.5 million or more
- Reserve report effective date
- January 1, 2026
- Proved developed behind pipe gas mcf
- 23512340
- Proved developed behind pipe oil bbl
- 285730
AI analysis
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