Point Roberts, WA. October 12, 2011 (Investorideas.com Energy Newswire) - www.InvestorIdeas.com, a leader in sector research including oil and gas stocks, issues a trading alert for Osage Exploration and Development, Inc. (OTCBB: OEDV). The stock is trading at $0.50, up 0.15 (42.86%) on light volume in this morning’s trading session.
The stock reached its 52 -week high of $0.62 following news of expanding its acreage on the Mississippian project and has pulled back recently to around $0.30 on low volume as oil prices fell.
The Company reported the following update in September: Osage Exploration and Development, Inc. (OTCBB: OEDV), along with its partners Slawson Exploration Company and U.S. Energy Development Corporation, is pleased to announce that we have been able to continue to increase our net land position to 15,000 acres in the highly prospective area east of the Nemaha Ridge in the Oklahoma horizontal Mississippian play.
Slawson Exploration Company is the Operator of the project and owns 45%, U.S. Energy Development Corporation owns 30%, and Osage Exploration has 25%.
Osage Exploration and Development, Inc. (OTCBB: OEDV)
Based in San Diego, California with production offices in Oklahoma City, Oklahoma, and executive offices in Bogotá, Colombia, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the US and Colombia. www.osageexploration.com
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