RVDO Riverdale Oil and Gas Corporation (RVDO) Adds Significant New Assets
Share Structure
Market Value1 $731,540 a/o Mar 08, 2012
Shares Outstanding 26,126,432 a/o Sep 30, 2011
Float 10,170,996 a/o Sep 30, 2011
Authorized Shares 100,000,000 a/o Sep 30, 2011
Marketwire "Press Releases"
AUSTIN, TX -- (MARKET WIRE) -- 03/09/12 --
Riverdale Oil and Gas Corporation (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. It is one of the first wells in Riverdale's program of acquisition of oil and gas interests for increasing the Company's revenues and asset base. The total reserves for the Lampley 1R has been estimated to be 2.25 Billion Cubic Feet of gas and 105,000 Barrels of oil, which at today's prices would have a 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 .
The Lampley 1R well discovered 3 oil and gas sand reservoirs during the drilling of the well. The primary objective was the 5400 Yegua sand, which had a total thickness of 56 feet with the top 32 feet being gas and condensate. Reserves are estimated at 2 Billion Cubic Feet of gas and 57,000 Barrels of oil. An oil reservoir was discovered at 5260 feet in the Yegua, which had a total thickness of 3 feet and contained 41 gravity oil. The reserves are estimated at 20,000 to 48,000 Barrels of oil. The third reservoir discovered was a shallow, Miocene gas sand at 1680 feet that is 13 feet in thickness with an estimated reserve of 250,000 MCF of gas. The estimated reserves were provided by an independent, Texas licensed, professional geoscientist.
Riverdale also owns 2.5% carried working interest in 160 acres, with 4 wells being developed in Frio County, Texas and a 1% carried working interest in two wells, the Sills #1 well in Victoria County, Texas , currently in the completion phase; and, the Koomey #7 well, which is scheduled to commence drilling operations within a couple of days.
Riverdale Oil and Gas Corporation has utilized the state-of-the-art 3D seismic, and a proprietary Neural Network procedure, to base its investment activity. The Neural Network interpretation process (artificial intelligence) has demonstrated the ability to define oil and gas accumulations, with much greater accuracy, than the use of 3D seismic alone.
Media Contact: Linda Ellis VP Investor Relations Direct # 512-687-1114 Email: Email Contact
Source: Riverdale Oil and Gas Corporation
RVDO Riverdale Oil and Gas Corporation (RVDO) Adds
Top 10 Most Recent News Articles
Photronics Faces Legal Heat: Key Investor Steps Now
Eyes on Photronics: A Legal Quake Anytime you hear a stock price nosedive like a kamikaze just blew up its own runway, it ought to set off every investor's alarms. And if you’re tied into Photronics (NASDAQ:PLAB), buddy, it's time to catch up on what's driving this train off the rails. With a class period stretching from December 2025 through May 2026, the dish is a...
Continue Reading
Lyntris Advances KSAT Hyperion Satellite Program Milestone
Lyntris and KSAT: A Technological Feat in Space Connectivity Well, if it ain't Lyntris back in the headlines again, pushing the envelope on space connectivity. If you're keeping tabs on the space tech space, there's a cracker of a development brewing. Lyntris Inc. (NYSE: LYNX) just checked off a crucial box in their playbook—the Critical Design Review, or CDR for those...
Continue Reading
Jim Morey Joins Pickleman's to Drive Expansion
Jim Morey: Catalyst for Pickleman's Ambitious Dreams You ever heard of a sandwich joint ready to take on the big leagues? Because that's just what Pickleman's Gourmet Café is banking on with their latest move—tapping none other than Jim Morey for their executive advisory board. And let me tell ya, this ain't some run-of-the-mill hire. We're talking about a guy who's...
Continue Reading
Bucket List Wine Dinners Beckon to Los Angeles
Sipping on the Extraordinary: LA Wine Soiree When was the last time you had a glass of wine that truly feels like you've unlocked a treasure chest? That's what LearnAboutWine.com is going for with their bucket list wine dinners in Los Angeles. Imagine tasting some of the world's most coveted bottles, all served with a level of polish that screams high-end dining. Led by...
Continue Reading
Perspecta's Study Reveals Troubling Data Accuracy Gaps
Data Accuracy in Healthcare: A Persistent Problem Just when you think data's about numbers and cold, hard facts, healthcare jolts you awake. Perspecta's fresh insights onto provider data accuracy aren't just a snooze fest of statistics but a genuine wake-up call. This report peels open a can of worms some might prefer to ignore. With only half of provider data accurate,...
Continue Reading
FirstEnergy's Bold Move: Dormo Joins to Boost Power
Changing the Game in Power Generation In the ever-shifting landscape of power generation, having a seasoned player at the helm can be the difference between stagnation and growth. FirstEnergy Corp. (NYSE:FE) has tapped Jon Dormo as its Vice President of Generation Project Development. The mission? Overhaul and expand projects to meet the increasing demands for...
Continue Reading
Pentair Faces Class Action Over Fraud Allegations
Catastrophe Strikes Pentair Ah, the sweet sound of a lawsuit hammering down on Wall Street—a routine part of corporate life for some of the biggest players in the game. This time, the bell tolls for Pentair plc, and it ain't pretty, folks. News just dropped that investors in New York Stock Exchange: PNR are staring down a newly expanded securities fraud class action...
Continue Reading
McCann Systems Scores Big with Dual AV Awards Wins
Piling Up the Accolades: McCann Systems Does It Again You know, getting industry awards can sometimes feel like counting beans, but when a company's snagging them year after year, that’s worth noting. McCann Systems is strutting its stuff with two Commercial Integrator Awards in 2026, cementing their reputation not just here in New Jersey, but across the AV industry....
Continue Reading
Money Market Funds Surge to Record $7.98 Trillion
When Money Talks Fast: Market Funds Smash Records Picture this: money market funds have surged to an eye-watering $7.98 trillion. That's a lot of zeros, folks. And it's not just the usual humdrum growth; we're talking a hefty $44.75 billion increase in just one week, thanks to a cocktail of government funds and prime fund muscle, as the Investment Company Institute (ICI)...
Continue Reading
Weight Loss Drugs Linked to Genetic Hair Loss in Men
When weight loss turns hairy, it's not just an old wives' tale. We have some solid evidence from those eggheads at NYU Langone Health, who unearthed this hairy connection between popular weight loss drugs and the glinting domes of the genetically predisposed. Understanding the Hair-Drug Connection The name Ozempic might sound familiar, and not just because it's been...
Continue ReadingTop 5 Most Recently Viewed Articles
Empowering Growth Through Cynomi's ELEVATE Partner Program
Introducing the ELEVATE Partner Program from Cynomi Cynomi has launched an innovative partner program called ELEVATE aimed at enhancing the growth of Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs). Designed to provide scalable cybersecurity solutions, this initiative is set to transform how partners deliver critical cybersecurity and...
Continue Reading
Tri-anim and Telesair Form Alliance for Innovative Oxygen Therapy
Strategic Partnership Between Tri-anim and Telesair Tri-anim Health Services, a leader in specialty distribution for respiratory and critical care medical products, has officially teamed up with Telesair, Inc., a dynamic player in the medical technology space. This collaboration introduces a distribution agreement that empowers Tri-anim to exclusively distribute...
Continue Reading
US Indexes Hit New Lows - Insights on Future Movements
Understanding Recent Trends in US Indexes Recent fluctuations in the stock market have captured the attention of traders and investors alike. The Emini S&P and Nasdaq indexes have faced notable declines, leading to concerns about future movements. In the latest trading sessions, the Emini S&P broke through significant support levels, hitting new lows. Emini S&P March...
Continue Reading
Empowered Investors Take Action Against Digimarc Corporation
Empowered Investors Take Action Against Digimarc Corporation In recent news, investors are presented with a significant opportunity to engage in a class action lawsuit against Digimarc Corporation, a company specializing in digital identification and data management technology. This class action, initiated by a recognized national shareholder rights litigation firm, seeks...
Continue Reading
Fairway Home Mortgage Contributes $1 Million to Flood Relief Efforts
Fairway Home Mortgage's Generous Contribution Fairway Home Mortgage, a prominent mortgage bank with a significant presence in the industry, has made headlines by donating $1,000,000 to support relief efforts following severe flooding incidents that have recently impacted communities, particularly in Texas. This commendable effort aims not only to provide aid to those in...
Continue Reading