Independence Energy Corp. Evaluating Potential Joint Development Exploration Projects
June 05 2012 - 6:00AM
Marketwired
Independence Energy Corp. (OTCBB: IDNG) (the
"Company" or "Independence Energy") is pleased to announce that the
Company is currently evaluating several new joint development
exploration projects for potential participation. The potential new
joint development exploration projects, located in Oklahoma, Texas,
and Ohio, each include relatively large land positions with
significant drilling and development strategies outlined.
"The continued growth and success of our company will depend
greatly on our ability to source and acquire new high-quality
exploration and development projects with significant drilling
upside and manageable risk profiles," stated Mr. Gregory C.
Rotelli, CEO and President of Independence Energy. "Each of these
larger scale joint development projects has the potential be an
excellent fit to complement our current portfolio and could
possibly provide the Company with dozens of near-term blue sky
drilling opportunities. We hope to complete one or more of these
potential transactions over the next several weeks."
The Company's participation in the potential joint development
projects remains subject to, among other things, the completion of
satisfactory due diligence by all parties and the successful
conclusion of negotiations. There can be no assurance that any
transaction will be completed.
Further updates regarding the potential acquisitions and other
Independence Energy business will be made as additional information
becomes available.
About Independence Energy Corp.
Independence Energy Corp. is an oil and gas exploration and
development company focused on projects in the United States.
Independence Energy is seeking to further advance its existing
projects through development or offset drilling and to expand its
portfolio to include additional property interests in the United
States.
Some information in this document constitutes forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements, such as the the Company entering into
joint development exploration projects as well as the eventual
operations on such projects, if entered into. The words "plan",
"forecast", "anticipates", "estimate", "project", "intend",
"expect", "should", "believe", and similar expressions are intended
to identify forward-looking statements. These forward-looking
statements involve, and are subject to, known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance (financial or operating) or
achievements to differ from the future results, performance
(financial or operating) or achievements expressed or implied by
such forward-looking statements. The risks, uncertainties and other
factors are more fully discussed in the Company's filings with the
U.S. Securities and Exchange Commission. All forward-looking
statements attributable to Independence Energy Corp. herein are
expressly qualified in their entirety by the above-mentioned
cautionary statement. Independence Energy Corp. disclaims any
obligation to update forward-looking statements contained in this
estimate, except as may be required by law.
For additional information, contact; LiveCall Investor Relations
for Independence Energy Corp. Mr. Gerry Belanger Investor Contact
(800) 976-4490 info@independenceenergycorp.com
www.independenceenergycorp.com
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