InvestorsHub Logo
icon url

topdog52

07/09/09 4:38 PM

#676 RE: boomer0246 #675

I have not anything yet.But here is some news on petrolinn the spinoff.
SOURCE: Caddo International, Inc.
Jul 09, 2009 14:57 ETCaddo Updates on Spin-Off Shares and Announces Petro Lind Drilling, Inc. Completed 2 Wells This MonthOIL CITY, LA--(Marketwire - July 9, 2009) - Caddo International, Inc. (PINKSHEETS: CADD) announces Petro Lind Drilling, Inc., a majority owned subsidiary of Caddo International, Inc. (CADD), announced that they have completed the drilling of two wells this month. Management went on to say that the Henderson No. 1 well has been drilled to a depth of 2938 feet.

A second well has been drilled on the Land Company Lease and casing is being set. There are three more locations that have been approved on this lease. Another location has been approved on the Hunter Mannies lease however it has not yet been drilled.

Management announced they heard from counsel and that it will take bit longer before the Petrolind spin-off shares will show up in the shareholders' accounts. Caddo Management expresses their sincere apology for the interruption in distributing the Petrolind spin-off Shares. Management and Corporate Counsel are in communication with the Security Exchange Commission to allow Caddo shares to trade.

Caddo is a provider of products and services to the Oil/Gas industry, integrating products/services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions. Caddo has approximately 15 employees and has successfully been in business for 40 years. Caddo intends to continue to expand its customer base while continuing to increase the depth and scope of the services it provides.