Yaterra Ventures Corp. is in negotiations to acquire a lot of 4 wells with recoverable reserves from family-owned operators in the State of Texas. The wells have a conservatively estimated 50,000+ barrels in recoverable reserves which execs are confident this could easily double with some additional geological work planned for the wells upon acquisition.

Yaterra's Chief Executive Officer, Cedric Atkinson notes that, "these wells are not considered or classified as 'stripper wells'. This is an important factor because these particular wells will allow the company to bring a working asset to its balance sheet in the very near term." Yaterra is actively negotiating the initial down payment terms and development obligations toward a win-win.