ReoStar Energy Corporation Executes Letter of Intent (LOI) with an experienced oil and gas company
Reostar Energy Corp. (OTCM- REOS) ("ReoStar") is pleased to announce that it has executed a Letter of Intent with an experienced oil and gas company ("Company") to re-develop 24 existing oil and gas wells.
Peter Koch, CEO/President of ReoStar, commented that, "This JV is a perfect fit to execute our business model. It will generate significant ongoing revenue for REOS to invest in our Alternative Energy Products and potentially to pay solid shareholder dividends."
About ReoStar Energy Corp.:
ReoStar Energy Corp. is an Emerging Growth Energy Company with a two-fold mission.: Aggregate existing oil and gas production from proven reserve fields to maximize revenues. Segregate some of those hydrocarbon revenues to acquire alternative energy sources. ReoStar plans to follow the Carbon Neutral protocols to be a Net Zero Carbon Neutral Energy Company by 2050.
Forward Looking Statement:
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates,"