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Wednesday, February 21, 2018 11:13:47 AM
GlobeNewswire•February 21, 2018
TULSA, OK, Feb. 21, 2018 (GLOBE NEWSWIRE) -- RJD Green, Inc. (RJDG), today announced the Earthlinc Environmental Division has entered formal discussions for acquisition of two operating oil & gas properties located strategically in the Mid-America region.
The combined properties reflect over 4,700 contiguous acres with existing production with net operating profit of over $33,000 monthly. The properties offer excellent drilling capability in 1,500 feet shallow well zoning. Both properties have complete geology reporting and engineered proven reserves. It is projected that with secondary enhancement of existing wells and an orderly drilling and completion program, revenue can be grown ten-fold.
RJD Green management states; “We hope to have reached terms of acquisition within thirty days. 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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