Nevada Oil Leases Sold to Speculator, Poet With Myanmar Ties (1)

A poet and entrepreneur with ties to Myanmar who previously bought the rights to develop geothermal energy in Washington state on Tuesday became the latest oil and gas speculator in Nevada.

Levi Sap Nei Thang of Los Angeles purchased 10 of 11 oil and gas leases in the state, mostly for the lowest possible bid of $2 per acre, according to sale results and the list of registered bidders provided to Bloomberg Law by the Bureau of Land Management.

The 11th parcel was leased by Kirkwood Oil and Gas LLC of Casper, Wyo., one of the five oil companies already ...