Verde Bio Holdings (OTCQB: VBHI) New Drilling Occurring on its Properties Press Release | 03/31/2022 FRISCO, TX , March 31, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire --Verde Bio Holdings, Inc. (OTCQB: VBHI) (www.verdebh.com) today said ten new permits have been filed on its oil properties in the prolific Permian Basin. A permit indicates an intention to drill.
“The experienced operators filing the permits are SEM, Ovintiv and EOG. With crude oil consistently trading above $100, new oil found on our properties means more revenues for VBHI and for its investors. These potential additional revenues do not require any additional investment by VBHI, the mineral and royalty owner,” said Scott Cox, Verde Bio Founder and CEO. “We were very diligent in buying properties based on lower gas and oil prices, thus the Company and its investors reap the benefits of the rise in commodity pricing.”
“Shareholders should know Verde Bio continues to evaluate other potential, strategic, acquisitions to expand the portfolio, including alternative energy projects,” Mr. Cox said. “We were very pleased to recently announce a new oil royalty acquisition in the Bakken Shale.”
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