ORION DHC, Inc. is focused on drilling oil wells in five well groupings per contract although the lead Exteron Oil Corp contract driller has expressed rig capacities capable of producing over 300 oil wells per year, per contract. With such a broad figure placed on oil drilling capacity this would allow for substantially larger well groupings of perhaps 20 to 50 in each grouping, dependent upon adequate funding for an expanded number of oil wells per contractual arraignment. Due to this being an internal venture, the Company carefully analyzed drilling bids from over twelve contract drillers and has established a cost basis of $175,000 per oil well, which includes the actual drilling, equipment installation, payment processing, capital allocation costs, periodic well treatments, replacement parts and a $200 per month fee for maintenance on each oil well. The monthly maintenance fee will ensure all wells drilled are in good working order for many years to come.
Mr. Randy Hoff, Chairman & CEO of ORION DHC, Inc. comments on the oil well drilling program, "The financial benefits for OODH shareholders are abundantly clear when it comes to engaging a strict capital allocation plan for drilling producing oil wells. At a cost basis of only $175,000 per guaranteed producing oil well, I’m pretty confident our contract drilling program is a top-tier investment. I found it extremely difficult to find any other contract drilling program in the USA offering such a guarantee on oil production; actually I was unable to find anyone else who would do it. Aside from what I believe to be a very low cost per well structure, I’m delighted to know that we have the best oil investing program in the USA, that is, until I can find a better drilling program of equal cost, equal quality and equal 100% guarantee for oil production. ”
The ORION DHC, Inc. oil drilling program is spearheaded by the Exteron Oil Corp lead contract driller who has offered a guaranteed producing oil well clause for specific geological regions in the United States; namely, Pennsylvania, USA which is where Colonel Edwin L. Drake discovered oil and John D. Rockefeller exploited oil production for Standard Oil Corp. With that said, the Company must drill within the prescribed PA region to enjoy the “100% Guaranteed Producing” clause contained within each contractual arraignment. If the contract driller fails to strike oil in any particular well, as many well holes as needed will be drilled until a producing oil well is achieved, at no additional cost to ORION DHC, Inc. investors. All ORION DHC, Inc . oil energy investments will independently execute under exclusive drilling contract(s) as funding for each additional drilling contract becomes available, with a five well minimum grouping and three-hundred oil well maximum per year –unless drill rig capacities increase. ORION DHC, Inc. will engage the investment community to ensure adequate capital allocation is available to its subsidiary Exteron Oil Corp for meeting a five well minimum arraignment. If or when, oil production from this drilling program exceeds 2050 bbl of crude per month, or approximately 100 oil wells drilled and outfitted, ORION DHC, Inc. expects to offer a cash dividend to OODH shareholders from the oil sales proceeds. For more information or to view a previous and now producing oil well contract drilling program of similar scope, please contact the ORION DHC, Inc. investor relations team.
About Orion Diversified Holding, Inc.
ORION DHC, Inc. (OTC: OODH) is a publicly traded holding company actively seeking attractive investments in multiple sectors utilizing time-tested value investing principles to grow its corporate holdings. The corporation targets licensable intellectual property, equity holdings, gold & silver mining, oil & gas holdings, lumber commodities, picture film assets and real estate assets; and works to build additional internal divisions and explore potential acquisitions.
Safe Harbor Statement
This press release contains forward-looking statements regarding the future performance of the Company within the meaning of the Private Securities Litigation Reform Act of 1995. Statements or suggestions within this press release are subject to a variety of financial risks and uncertainties that may cause actual results to differ materially from purported expectations. All Company names listed within this press release are subject to first use of commerce protections exactly as presented herein. Due to there being an exact figure per oil well, excessive or unused funds unable to be utilized for actual Oil well drilling will be deposited into the general corporate fund for later allocation, and these funds may or may not be utilized for oil well drilling but instead may be used for other unspecified corporate development. Please invest wisely and not more than you can afford to lose. Always consult your personal financial advisor before taking any financial position in ORION DHC, INC. or its new subsidiaries and visit the corporate website for full Company investment disclaimer www.oriondhc.com
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