CDID News, Looks big :) > Quad Energy Corp. Announces Further Details on the Optimization Plan for the Cave Pool to Achieve $ 360,000 To $ 3,600,000 in RevenuesLast update: 10/21/2011 8:00:00 AMORLANDO, Fla., Oct. 21 2011 /PRNewswire via COMTEX/ -- Quad Energy Corp. (otc-pk:CDID) is pleased to announce that the optimization team has identified 12 wells of the 38 wells in the Cave Pool Unit that require a minimum maintenance program which will include pump changes or tubing repairs. Upon completion of this program the 12 wells should be capable of close to 50 barrels per day of oil production and 200 mcf of gas without any further stimulation. Based on the 50 barrels per day production on the 12 wells the company should be able to realize $ 360,000.00 per quarter in revenues based on $ 80.00 per barrel. However, if Quad Energy is to follow what other companies in the area have been accomplishing i.e. Clayton Williams, COG, and Cimarex, with a stimulation program using perforating and fracturing of the existing well bores, the economics are greatly enhanced. These companies are seeing production increasing 5-50 barrels of oil per day from each well, with production holding steady for 6 to 8 months before declining to 10 to 15 barrels per day of production. The company is planning a stimulation and fracturing program to increase production from 50-500 barrels a day this could give Quad Energy Corp a quarterly oil production of 45,000 barrels on 12 wells. If the price of oil holds at $ 80.00 per barrel this would give the company a possible quarterly cash flow of $ 3,600,000.00 for 12 wells. Future plans are to work over the remaining 26 well bores. About Quad Energy Corp. Quad Energy Corp. is an independent junior oil and gas exploration, development and production company headquartered in Orlando, FL. The company is duly incorporated in the State of Nevada. The company's common shares are listed for trading on the electronic over the counter pink sheets (OTC-PINK) market in the United states and trades under the symbol "CDID" Contact us: Quad Energy Corp.3208 C East Colonial DriveOrlando FL32802403 581-3351info@quadenergycorp.com For information please visit our website:Safe Harbor Act Notice: Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securitas Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its managements. Such statements reflect management's current views, and are based on certain assumptions and involves risks ad uncertainties Actual results, events or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to loss their entire investment. Before investing, pleas review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of the terms such as "anticipate" "believe" "could" "estimate" " expect" "intend" "may" "might" "plan" "predict" "project" "should" "will" and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in suck foreword-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. SOURCE Quad Energy Corp. Copyright (C) 2011 PR Newswire. All rights reserved News provided by Dow Jones NewswiresSM, PR News Wire and Business Wire. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
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