World Oil Resources Ltd. has entered into an agreement with J-W Operating company of Dallas, Texas to acquire its interest in a new exploration target. In consideration of $225,000, the company shall receive a 35% net working interest in leases covering approximately 6,400 acres located in Edwards County, Kansas. In addition to receiving an interest in the acreage this payment shall also cover the company's share of 3D seismic study that has already been completed on this field.

Regionally, the Kinsley North Prospect is located on the southwest flank of the Central Kansas Uplift, approximately 5 miles north of Kinsley, Kansas.