EnerBrite Technologies Group, Inc. (ETGG.PK), an operating oil and gas production company along with its wholly owned subsidiary Rebel Oil Company, announces today 20/05/09 its plan to implement an infill drilling and gas flood program. With an infill drilling and gas flood of the Weir sand, the Company should double existing production on the property. After the deep exploration wells are drilled and assuming one successful well, an additional unrisked net present value is estimated to be $24 million per well at an 8% discount factor. The Company intends to pursue further acquisitions in Kentucky to expand on its current interest in 76 oil wells in Johnson County.
``This is an example of how we intend to increase shareholder value through the implementation of our business model,'' said Jack L. Stapleton, President of EnerBrite Technologies Group. ``We are truly optimistic about the growth potential of the Company.''
Caddo International, Inc. (CADD.PK) announced Tuesday 18/05/09 they have started working with www.pinksheets.com to become compliant with all their filing. The company management is also taking necessary steps and working on becoming a reporting company in the near term. Furthermore, Caddo has recently set up an account with the title company to verify title of the minerals on the 183 Acre Gravel & Concrete site located outside Dallas, Texas.
Caddo Management stated, "We are planning for our rapid growth phase with the addition of our current expansion of our 180 New Oil & Gas well properties. This, coupled with the soon to be acquisition of the 183 Acre Gravel and Concrete site, will put Caddo in the forefront of the Oil and Gas construction sector. This new acquisition will add both hard assets, boost the bottom line, and add instant revenues to Caddo. We feel very strong about our short and long term future and feel we have the proper tools to fully execute true growth. Caddo has one last detail to accomplish and is currently working on it."
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About EnerBrite Technologies Group, Inc.
Headquartered in Fort Lauderdale, FL, EnerBrite Technologies Group, Inc., through its wholly owned subsidiary Rebel Oil Company, Inc., is engaged in the acquisition, exploration and development of oil and natural gas properties, with primary focus on properties in eastern Kentucky. The Company is a growing independent energy company with an experienced operating company with technological expertise to exploit existing oil reserves and exploratory natural gas resources on its properties in eastern Kentucky.
ABOUT CADDO:
Caddo's 60-180 Oil & Gas wells: Caddo, along with Black Dragon Resources, is excited to announce to their current and future new shareholders 60-180 Oil & Gas wells, as the news comes on the heels of its newly announced spinoff subsidiary, Petrolind Drilling Company. With the new 60-180 Oil & Gas well properties, including Petrolind's 10 Oil & Gas wells, tremendous shareholder value is added. Caddo remains focused on initiating drilling and rework programs to fully maximize Oil & Gas production.
Caddo Spinoff Details: Current shareholders as well as new shareholders that own or buy shares in CADD.PK on or before May 25th, 2009 will receive 1 free share of Petrolind Drilling Company for every 20 shares they own of CADD.PK. In addition to the spinoff, Caddo will be offering a warrant.
Caddo International is a provider of products and services to the Oil and Gas industry, integrating products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions. Caddo has approximately 15 employees. Formerly named Petrol Industries, the Company has successfully been in business for over 40 years. The Company is focusing on providing contracting services in Caddo, Desoto, Bossier, and Claiborne Parishes, as well as East Texas. Caddo intends to continue to expand its customer base while continuing to increase the depth and scope of the services it provides.
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