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Adino Energy Corporation (OTCQB: ADNY) (OTCBB: ADNY), an emerging oil and gas exploration and production company (E&P) concentrated in West Texas, announced today that it expects to meet or exceed its yearly production goals despite a continued tightening oilfield services market in the Permian Basin.

The oil boom in Midland, Texas and its surrounding areas has created a scarcity in housing, automotive rentals and skilled labor. Timothy G. Byrd, Sr. Adino Energy's Chief Executive Officer said the boom has directly affected oilfield services costs, as well.

"For some time now, we have seen increased drilling costs and a reduction in the availability of rigs and service-related equipment used to drill and complete wells," said Byrd. "Adino is in a great position. We have created substantial efficiencies with the utilization of our own workover rigs and equipment on our leases. With the continued tightening of the services market, we will continue to explore the possibility of employing our own drilling rigs where feasible."

Adino holds lease positions on the Eastern Shelf which dips into the Permian Basin. According to the City of Midland's website, Midland serves as an administrative center for the basin, where approximately 20 percent of America's oil and gas reserves are located in reservoirs deep beneath the surface. The Permian Basin produces one fifth of the nation's total oil and natural gas.

Today, more than 900 rigs -- approximately half of all rigs operating in the U.S. -- are in Texas and southeastern New Mexico. The Dallas Morning News reported in a February 2012 article that total oil production in the Permian Basin could average up to 2 million barrels a day. Some of the leading oilmen in the Permian Basin say they expect to double oil production in Texas within five to seven years, according to the article.

"New technologies in fracking and horizontal drilling have opened up a whole new world for E&P companies like Adino Energy, especially in mature fields where the exploration risk is reduced," said Petroleum Geologist William "Lee" Buse. "As long as oil prices continue to hover around $90-$100/bbl we should see more activity and possibly double production in the Permian Basin. Combine the price incentive and the new technology and we are going to see a mini boom again, similar to 2007 and 2008."

Byrd noted that despite the continued tightening oilfield services market, the utilization of Adino's equipment will allow the company to move quickly and efficiently on all projects. "We can avoid costly long-term contracts and maintain control over the completion of our wells. We also have the flexibility to use third party vendors, when necessary," Byrd said.

About Adino Energy Corporation Adino Energy Corporation (OTCBB: ADNY) is an emerging oil and gas exploration and production (E&P) company focused on oily assets with significant development, work-over and enhanced oil recovery (EOR) potential concentrated on the Permian Basin in West Texas.

Forward-Looking Statements Statements made in this news release relating to Adino's future production, expenses and future capital projects and expenditures, and all other statements except statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the Company's future performance are both subject to a wide range of business risks and uncertainties and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements. Further information on risks and uncertainties that may affect the Company's operations and financial performance, and the forward-looking statements made herein, is available in the Company's filings with the Securities and Exchange Commission, which are incorporated by reference as though fully set forth herein.

Investor Relations Narath Khieu Adino Energy Corporation 2500 CityWest, Suite 300 Houston, TX 77042 (281) 209-9800 ir@adinoenergy.com http://adinoenergycorp.com