NDB Energy, Inc. Acquires Early Oil and Gas Leases

NDB Energy, Inc. (OTC:NDBE) has acquired a total of 12 new wells on two separate leases in Archer County, Texas.

The press release is quoted as saying:

The Company’s newly acquired Parish and Tribune properties include 12 wells on approximately 140 acres in Archer County. Today’s announcement expands the Company’s recently acquired 560-acre leaseholds in Gonzales and Young Counties. Both acquisitions are in the State of Texas.

NDB Energy’s President and CEO, Mr. James J. Cerna stated:

“In the short run, we have two main goals. First, we must systematically put wells back on line creating cash flow. Second, we must secure the financing necessary to acquire and develop undervalued properties which present opportunity for increasing reserves, production and shareholder value,”

Click here to access the entire press release