Hayabusa Energy – Texas based independent oil & gas producer for international investors –
Hayabusa Energy

Acquisition of the first project

On December 27, 2016, Hayabusa One USA, LLC (a Texas corporation, hereinafter “H-ONE”), managed by Hayabusa Energy USA, LLC (a Texas corporation, hereinafter “H-USA”), concluded a sales & purchase agreemment with Vaalco Energy, Inc., (NYSE: EGY) for the purchase of Hefley lease in Hemphill County, Texas. The purchase cost was paid on the same day in full. The lease includes 2 producing gas wells (9001H, 9002H) from the Buffalo Wallow gas field, Granite Wash-A zone. 100% working interest of the lease, including ownership of all production facilities, were transferred to H-ONE on January 1, 2017. The acquisition of this asset will immediately generate cashflow for H-ONE, and distribution is planned to be paid quarterly to investors.