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Posted On: 02/21/2018 4:45:54 PM
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NetworkNewsBreaks – RJD Green, Inc. (RJDG) Enters Formal Discussions for Acquisition of Operating Oil & Gas Properties
Multi-division holding company RJD Green, Inc. (OTC: RJDG) today announced that its Earthlinc Environmental division has entered into formal discussions regarding the acquisition of two operating oil and gas properties strategically located in the Mid-America region. Per the update, the combined properties reflect over 4,700 contiguous acres with existing production and net operating profit of over $33,000 per month. The company projects that, with secondary enhancement of existing wells and an orderly drilling and completion program, revenue from the properties could grow ten-fold. “We hope to have reached terms of acquisition within thirty days,” RJD Green management noted in a joint statement. “If an LOI agreement is reached, the targeted closing date would be within ninety days of reaching a letter of intent.”
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Multi-division holding company RJD Green, Inc. (OTC: RJDG) today announced that its Earthlinc Environmental division has entered into formal discussions regarding the acquisition of two operating oil and gas properties strategically located in the Mid-America region. Per the update, the combined properties reflect over 4,700 contiguous acres with existing production and net operating profit of over $33,000 per month. The company projects that, with secondary enhancement of existing wells and an orderly drilling and completion program, revenue from the properties could grow ten-fold. “We hope to have reached terms of acquisition within thirty days,” RJD Green management noted in a joint statement. “If an LOI agreement is reached, the targeted closing date would be within ninety days of reaching a letter of intent.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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