Houston-based Adroit Oil and Gas, LLC has completed funding of the West Texana Joint Venture.

in Press Releases

PRESS RELEASE (7/13/2013) – Houston-based Adroit Oil and Gas, LLC has completed funding of the West Texana Joint Venture. 

This joint venture consists of the West Texana Lease (3 total developmental drilling locations). The first wellbore (Vincik #1) will be drilled to 6,000 ft. and is targeting the Frio Trend with Marg A, Greta, and Sinton Sands as the primary targets. This lease is located in Jackson County, Texas approximately 9 miles S-SE of Edna, Texas. The joint venture well will have a spud date of July 25th.

The estimated lease reserves for this project are 1.2 million barrels of oil with 800,000 Barrels recoverable from the Marg A & Greta and 400,000 barrels from the Sinton.

Adroit Oil and Gas, LLC is an oil and gas exploration, development and production company focusing on operations in Texas and numerous areas throughout the U.S. In 2012, Adroit entered the sponsored drilling program industry and, over the year, undertook 5 small drilling partnerships. With their achievements seen in 2012, their client base has grown exponentially in 2013 and currently, Adroit Oil and Gas, LLC., is finalizing their 6th Joint Venture for 2013, The Bird Joint Venture, located in Palo Pinto County, Texas. Adroit’s personnel are experienced in oil and gas exploration and production in many parts of the U.S. and as new areas become available, Adroit Oil and Gas, LLC strives to stay ahead of the curve.

http://www.adroitoilandgas.com

This release/announcement is neither an offer to sell nor a solicitation of an offer to buy securities or participation’s. This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/document, the Memorandum, the The Adroit Group and Adroit Oil and Gas website, or other Adroit documents, including statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, the Memorandum, the Adroit website, or other Adroit documents, will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, the Memorandum, the Adroit website, or other Adroit documents, might not occur. Accordingly, reviewers and readers should not rely upon forward-looking statements as a prediction of actual results. Also, the price Adroit Oil and Gas, LLC and the other parties involved in any properties receive for the oil and natural gas produced on their properties may be less than quoted NYMEX prices at any given time. Adroit does not undertake any obligation, or make or infer any promise, to update any forward-looking statements, whether as a result of new information, future events, subsequent circumstances or otherwise.

Media Contact:

Noel Ray, Public Relations The Adroit Group, 888-243-4456, noel.ray@theadroitgroup.net

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