(OUR NEW VIP ALERT IS RVDO)
Riverdale Oil & Gas Corp.
This company has been very active lately. We also like their stance on keeping shareholders updated. Currently the company is adding significant assets and posting some very good revenues. RVDO has a Tiny float under 18 million shares!!! RVDO had a recent pop to .10/share and is currently trading around .04/share. Ok, on to the profile.....
The Company has focused its attention on the State of Texas for its oil and gas activity, and especially in the areas of south Texas and the Gulf Coast of Texas. It has intentionally concentrated its interest in those areas, as south Texas has historically been a very prolific natural gas and condensate producing area, with a great potential for development; and, the Gulf Coast of Texas likewise has a long history of prolific oil and gas production, which, the Company believes, has the opportunities for finding new reservoirs in new fields and in once thought depleted oil and gas fields.
DESCRIPTION OF LEASEHOLD INTERESTS
Riverdale Oil and Gas Corporation currently holds and owns interests in the following oil and gas leases:
Lease County/State %Working Interest
Koomey Lease Well #2 Waller/Texas 37.50%
Koomey Lease Wells #4 & 5 Waller/Texas 5.50%
Koomey LeaseSalt Water Disposal Waller/Texas 5.00%
Koomey Lease Well #7 Waller/Texas 1.00%
Sills Lease Well #1 Victoria/Texas 1.00%
Lampley Lease Well #1R Lavaca /Texas 1.667%
Hitzfelder/Calame 5 Wells, 200 Acres Frio/Texas 2.50%
The above interests listed are in various phases of development or production. The interests that the Company earns is through the purchase of working interests and also carried working interests, meaning that the funding entities pay for 100% of the costs to the point of producing a well into the oil tanks or into the gas pipeline. Once operational, the Company pays its pro rata share of taxes and lease operating expenses.
Heres a link to a recent update issued by RVDO: http://www.dsproject1.com/
(March 29th Press release link)
http://www.otcmarkets.com/stock/RVDO/news
Recent Press Release:
Austin, TX March 13, 2012
Riverdale Oil and Gas Corporation (RVDO) Increases Assets
Riverdale Oil and Gas Corporation (OTC Pinksheets:RVDO)announces the discovery of the Lampley #1R well located in Lavaca County,Texas, in which it owns a 1.667% carried working interest. The total reservesfor the Lampley #1R well has been estimated at 2.25 Billion Cubic Feet (2.25BCF) and 105,000 Barrels of Oil. The estimated reserves were provided by anindependent, Texas Licensed, professional geoscientist (see Research Reports at Financials of RVDO at www.OTCMarkets.com).The gross value of the Lampley #1R well reserves, at today’s prices, would havea gross value to the 100% working interest of $12,000,000. Riverdale’s portion,for its $10,000 investment, would have an estimated gross value of $200,000.
Riverdale also owns a 1% interest in the Koomey #7 wellwhich is scheduled to commence drilling toward the end of the week. The Koomey#7 location is a direct offset to existing oil production. We anticipate havingmore information available once the well is drilled and evaluated.
Riverdale is aggressively acquiring additional oil andgas interests that are felt to be low risk and are highly potential foreconomic oil and gas production.
Our prospect evaluation utilizes the state-of-the-art 3Dseismic along with a proprietary Neural Network interpretation process that hasdemonstrated the ability to define oil and gas accumulations, with much greateraccuracy, than the use of 3D seismic alone.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Share structure:
Market Value $1,176,589 a/o Apr 02, 2012
Shares Outstanding 26,146,432 a/o Dec 31, 2011
Float 17,616,748 a/o Dec 31, 2011
Authorized Shares 100,000,000 a/o Dec 31, 2011
Par Value 0.001
52 week range: .015-.47
We believe RVDO could be a very good Mid to long term play for this summer!
Updates:
AUCI: Waiting on merger news.
AWWI: Just issued a notice that quartely report will be filed late , We are excited and anticipate good things.
BBRD: Play seems to be over, We hope you booked profits on their promo. (Thats why are name is FirstPennyPicks, got that one to our members 45 days before the pump.
In The next few weeks We have some very exciting plays we are working on RVDO is just the beginning, more to come soon !!!
Remeber book profits when you are able to do so. Nobody ever went broke taking thier profits. Let's make some money!!!
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