Riverdale Oil & Gas Corp. (RVDO)
Posted February 6, 2014 http://rvdoil.com/news.html
Market Value $1,307,321 a/o Feb 12, 2014
Shares Outstanding 26,146,432 a/o Nov 26, 2013
Float 17,616,748 a/o Nov 26, 2013
Authorized Shares 100,000,000 a/o Nov 26, 2013
(Outstanding Shares and Float are since 2012 unchanged!)
The Lampley 1R well, in Lavaca Co., TX,is producing steadily at a rate of 200 MCF gas per day from a shallow gas reservoir at 1700 feet in depth. Riverdale owns a 1.667% working interest in the well.
The HitzCal Project, in Frio Co., TX, has one well producing from a shallow formation, at 3 to 4 barrels oil per day. The 3D seismic data has been re-processed and there are strong indications of deeper potential on the Hitzfelder and Calame leases. A well is being proposed to a depth of 7,000 feet on the Hitzfelder lease, in the proximity of 3 wells that have produced more than a total of 400,000 barrels of oil from 3000 feet in depth. Riverdale has a carried working interest of 2.5% in the HitzCal Project.
Plans are being made to attempt completion in a shallower formation in the Sills #1 well, situated in Victoria Co., TX. The Frio sand formation at 3,170 feet in depth has strong indications of production from the drilling mudlog, the open hole electric log and the cores taken after drilling the well. The massive, 5260' Yegua formation, gas sand will be sealed for future gas production. Riverdale owns a 1% carried working interest in the Sills lease.
Riverdale has launched its RVDO 2014-1 Program, effective January 1, 2014 and ending June 30, 2014. The RVDO2014-1 Program information can be found on the website http://www.rvdo2014-1.com/. We feel this type of program can provide Riverdale with the capital it needs to build its asset base in oil and gas.
Oil and Gas Acquisition
We are proud to present the RVDO2014-1, Drilling/Production Acquisition Program. The Program, when fully funded, will consist of at least 5 Prospects, that are intended to create a lower risk and better balanced oil and gas investment opportunity, than participating in one or two Prospects. It is also our intent for the Program to be affordable, safe, and within a cost basis enjoyed by the oil and gas industry.
The Program will be administered by Property Development Group, Inc. (PDG), www.pdgpetro.com, which has been very successful since 1996, in creating new discoveries, restoring wells, and improving reserves and revenue for its working interest owners. PDG has a team of professionals, each with decades of oil and gas industry experience. Through its large network of geologists, geophysicists, and engineers associated with PDG, it will have a large source of potential Prospects, generated and operated by professional industry leaders, from which to select.
The Program is being offered by Riverdale Oil and Gas Corporation (RVDO), www.rvdoil.com, which is currently listed on the OTC Markets Pink, maintaining its highest transparency status of Current Information. Besides the potential benefit of oil and gas reserves, RVDO is granting shares of its stock, to add value to the Program, with the intent to accelerate the investment payout and increase return on investment.
Ron Herzfeld, CEO
Mr. Herzfeld began his career in the oil and gas industry in 1971, and has been involved in many areas of the industry, in fields ranging from 500 to 18,000 feet in depth. He has been widely published and has presented at major industry seminars. Mr. Herzfeld is a member of the Society of Petroleum Engineers (SPE); American Association of Petroleum Geologists (AAPG); The Geological Society of America (GSA); and, The New York Academy of Sciences ((NYAS).
Linda Ellis, Vice President
Ms. Ellis began her oil and gas career working for Shell Oil and Pan American Production (now BP). Her expertise is in accounting, revenue distribution, accounts receivable and payable, organizational filing, computer data processing, as well as her communication skills in investor relations.
Michael Glazer, Secretary
Mr. Glazer is a practicing attorney in Dallas, TX. He holds a J.D. degree from the University of Houston, School of Law (1985), and a B.B.A. degree from the University of Texas at Austin, College of Business Administration, in Finance and Marketing (1981). Some of his areas of practice include, Oil and Gas, Securities Law, Banking and Finance, Corporate Governance, Strategic Planning and Business Transactions.
Riverdale Oil and Gas Corporation