Santa Fe Petroleum, Inc. announced it has purchased additional oil and gas leases with plans for additional drilling. Santa Fe's Lease Acquisitions now total approximately 1,704 acres. On February 11, 2013, Santa Fe completed the purchase of multiple leases totaling approximately 1,628 in the area of its test well in North Central Texas.

This purchase, plus the existing 76 acres that Santa Fe already owned, brings the total of the Company's holdings to 1,704 acres for future drilling. With this added acreage, Santa Fe expects to plan for approximately 12-20 drilling locations depending on the number of Marble Falls and Barnett Shale oil wells that are drilled respectively.