June 15, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Eagleford Energy, Inc. (OTCBB: EFRDF) said that it has acquired from an arms length party a 10% working interest (7.5% net revenue interest) before payout and a 7.5% working interest (5.625% net revenue interest) after payout of production of the sum of $15 million gross in a mineral lease comprising around 2,629 gross acres of land in Zavala County, Texas.

As consideration for the Interest Eagleford said it paid $200,000, satisfied by $25,000 paid in cash on closing and a $175,000 5% secured promissory note. The acquisition has closed in escrow pending receipt of defensible title to the interest in the lease, which is called the Matthews Lease.

The Matthews Lease is located in Zavala County, which is part of the Maverick Basin of Southwest Texas and downdip from the United States Geological Studies north boundary of the Smackover-Austin-Eagle Ford total petroleum system. Eagleford said that, although the property comprises multiple prospective stacked formations, the two initial formations on the company's newly acquired Interest in the Matthews Lease targeted for production are light sweet crude oil from the Eagle Ford Shale and heavy oil from the San Miguel formation.

Canada-based Eagleford Energy is an exploration and production company with a focus on growing reserves, cash flow, and net asset value per share by drilling for oil and gas in Texas.

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