Antares Energy Limited is an Australian-based company engaged in hydrocarbon production and exploration in the United States of America. The Company is actively involved in two production projects (Oyster Creek and West Wharton) and two exploration projects in south Texas (Yellow Rose and Shaeffer Ranch). The Company's discoveries in the Shaeffer Ranch area include the Hofstetter Field, Katz-Slick Field and Patteson Ranch Field. Its agreement with Hollimon Oil Corporation for the South Texas exploration area covers a 2,000 acre lease with two gas prospects. Kenedy Ranch project is divided into two acreage groups. Santos USA is the operator of Group A, with a 55% working interest, the Lamay Group holds a 40% working interest with Antares having the remaining 5% working interest. Group A covers 7,087 acres and includes three initial prospects. Antares Energy and the Lamay Group each have a 50% working interest in Group B. Group B covers 3,785 acres.
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