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Adino Energy Corporation (OTCQB:ADNY,OTCBB:ADNY) reported a five well drilling program for its leases in Coleman County, TX.
Adino Energy Corporation (OTCQB:ADNY,OTCBB:ADNY) reported a five well drilling program for its leases in Coleman County, TX.
As quoted in the press release:
Consistent with the Company’s development strategy, the wells are all shallow verticals with good well control. Management expects these relatively low risk, low cost wells to produce an average of 5,000 to 6,000 barrels of oil over the first five years of operation.
Adino Energy Corporation’s Chairman, Sonny Wooley stated:
“This drilling program has the potential to take our business to the next level. But more importantly, our partnership with BlueRock provides us with a stable and reliable source of capital for our E&P operations. Adino is moving into a whole new growth phase and we’re all very excited about the future,”
Click here to read the Adino Energy Corporation (OTCQB:ADNY,OTCBB:ADNY) press release
