Asherxino Corp. (fka AXNO)

[MadeBucksOnThis]

AsherXino Corporation Receives Letter of Intent From International Oil and Gas Company for Partial Interest in Its Nigeria Offshore Concession
AsherXino Corporation Receives Letter of Intent From International Oil and Gas Company for Partial Interest in Its Nigeria Offshore Concession
Jan. 7, 2011 (Marketwire) --

HOUSTON, TX -- (Marketwire) -- 01/07/11 -- AsherXino Corporation (OTCBB: AXNO) today announced that it has received a letter of intent from an international oil and gas company for a partial interest in a Nigerian offshore concession in the Gulf of Guinea. AsherXino and the company are in the process of concluding additional equity participation. Details of the proposed equity participation were not disclosed.

Highlights:

Strategic focus on the production of a producing oil and gas field;
Positioned for exploration and production of (undeveloped undiscovered) oil and gas fields;
Collaboration with credible international companies.
AsherXino is an oil and gas company focused on both offshore and onshore prospects in Nigeria. The Company is currently working to finance its project through a combination of debt and equity. The Company intends to acquire additional leaseholds in Nigeria.