Tiger Oil and Energy, Inc. has entered into negotiations with Toto Energy LLC to joint venture in the drilling of up to three oil and gas wells in Cowley County, Kansas. Tiger would earn up to 30% working interest and an 81.5% Net Royalty Interest in the three wells. Cost of the three wells would be approximately $600,000 each for drilling and fracing each well with Tiger's cost of 30% to be $180,000 per well.

Tiger can earn up to 30% of each well with an investment of up to $540,000. Toto Energy LLC will be the operator of these wells.