Here is the latest news that is impacting today’s move:

Tiger Oil Announces Joint Venture on Three Wells in Cowley County, KS

LAS VEGAS, NV, Dec 04, 2013 (Marketwired via COMTEX) — Tiger Oil and Energy, Inc. (OTCQB: TGRO) is a dynamic young Oil and Gas exploration company based in the heartland of America’s energy production. Tiger has entered into negotiations with Toto Energy LLC, 25815 Oak Ridge Drive, Spring, Texas 77380 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.
Tiger has instructed their legal department to prepare private placement documents to raise the required funds.

Toto Energy LLC will be the operator of these wells. Toto is a Texas oil and gas producer with over 100,000 acres under lease in Kansas currently for future joint development. Toto has been aggressively drilling in Kansas in 2013 with 8 wells completed and four more in stages of completion by December in Cowley County KS.