***Update*** Adroit Oil and Gas has completed funding of the Palo Pinto JV

in Uncategorized


Adroit Oil and Gas, LLC is pleased to announce the operations for the first phase of the Palo Pinto Joint Venture have begun.  The drilling contractor began deepening the Carter #4 well on Friday, May 17th, 2013.  This was several weeks ahead of schedule and results are now anticipated by the end of this month.  The Carter “A” new drilling location is still scheduled to begin operations by the middle on June 2013.

-Original Story-

HOUSTON, May 7, 2013 /PRNewswire-iReach/ — Houston-based Adroit Oil and Gas, LLC has completed funding of the Palo Pinto Joint Venture. This joint venture consists of two vertical wells, the first being a re-entry (Carter #4) into the prolific Marble Falls Limestone and the second will be a newly drilled wellbore (Carter “A”) targeting the “B” and “E” Conglomerates as well as the Marble Falls Limestone. These wells are located in Palo Pinto, Texas and will be drilled in early summer 2013. “Adroit Oil and Gas is thrilled with the overwhelming response to the Palo Pinto Joint Venture. We are very eager for operations to begin on such an exciting prospect.” said Sean Fitzgerald , President of The Adroit Group, which owns a majority stake of Adroit Oil and Gas, LLC. “We were also fortune enough to have an opportunity to acquire a small amount of additional interest in the Carter “A” and will present a new joint venture shortly.”

About Adroit Oil and Gas, LLC. Adroit 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 last year, undertook 6 small drilling partnerships. Adroit’s personnel are experienced in oil and gas exploration and production in many parts of the U.S., as new areas become available, Adroit strives to stay ahead of the curve.

For more information on Adroit Oil & Gas, LLC. please visit http://www.adroitoilandgas.com

This release/announcement is neither an offer to sell nor a solicitation of an offer to buy securities or participations. 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 Adroit 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.

Leave a Comment

Previous post:

Next post:

SourceOptions XPath/RenderXSL