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Monday, July 12, 2010 10:20:26 AM
(link: http://www.google.com/finance?q=Caddo+International )
Caddo International, Inc., formerly Petrol Industries, Inc., is engaged in the drilling for, and producing oil and gas on leased property located in the Caddo Pine Island Field, and the Shreveport Field, both in Caddo Parish, Louisiana. As of December 31, 2004, the Company's leases contained eight completed gas wells, 18 completed wells producing oil and gas, and 142 completed oil wells, principally in the Annona Chalk zone. An aggregate of 130 wells producing oil or oil and gas are being operated. In addition, It had proved developed oil and gas reserves of 7,857 barrels of oil at that date. The Company's oil and gas production is sold to oil companies, and other purchasers that gather oil production by tank truck in areas where pipelines are not available. Genesis Crude Oil, LP accounted for 92.4% of The Company’s oil sales during the year ended December 31, 2004. In May 2009, the Company took over 60 oil well properties from Black Dragon Resources.
Glta
Loonley Tunes
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