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Our oil fields.

The first assets acquired by Tekoil were fields in Galveston Bay, Texas, comprising the Galveston Bay Complex which includes offshore oil and gas wells that flow through offshore production platforms to onshore facilities for further processing and sale.

With substantial acreage of 83 billion cubic feet, we have been able to extract 14 million barrels of gas from these oil fields – oil fields that had been declared exhausted.

The following oil fields make up the Galveston Bay Complex:

• Red Fish Reef 
• Fishers Reef
• Trinity Bay
• North Point Bolibar

Additionally, we believe there are many undeveloped reserves in this vast region and we currently have several exploration initiatives underway.

A bright prospect.

We currently have an exploration license for a developing oil field opportunity in Newfoundland; in fact, this is the largest onshore opportunity in North America with a 400 - 500 million barrel potential. In addition to the enormous potential of this site, we are also excited by the prospect of having an enormous positive impact on the communities in the region.

Click here to read more about our community involvement in and contributions to the Newfoundland region.[will lead to all community stories]

Newfoundland

Our development plan includes not only drilling oil fields but also working with the western Newfoundland communities for greater energy production.

Beyond that, our activities in this region have also included working with community members to develop and enhance their existing educational system. We have already raised $10,000 for an after-school tutoring program and started the EMMA scholarship program in both Stephenville (is this correct?) and Corner Brook. EMMA, which stands for Every Moment Means Achievement, affords disadvantaged students an opportunity to attend a trade school after graduation.

• Galveston Bay
• Red Fish Reef
• Fishers Reef
• Trinity Bay
• North Point Bolivar
• Exploration Prospects