Independence Energy Set to Complete Large-Scale Oil and Gas Exploration Land Acquisition in Texas
March 05 2013 - 8:30AM
Marketwired
Independence Energy Corp. (OTCBB: IDNG)
(OTCQB: IDNG) (the "Company" or "Independence Energy") is pleased
to announce that the Company is currently in the final stages of
completing a large-scale land package acquisition in central Texas.
The transaction, if completed as contemplated, would result in
Independence Energy acquiring a 100% working interest in a prime
oil and gas exploration and development acreage.
"This is a tremendous opportunity for us to acquire a 100%
interest in a very large land package with reported production
history right in the middle of a prolific oil producing area in
Texas," stated Mr. Gregory C. Rotelli, CEO and President of
Independence Energy. "We anticipate finalizing the transaction and
transferring the titles to the leases over the next several
days."
The completion of this proposed transaction remains subject to,
among other things, the successful transfer of multiple oil and gas
lease registrations and legal status reviews. There can be no
assurance that any transaction will be completed.
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.
Disclaimer
This press release contains "forward-looking statements".
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
and specifically references to planning to acquire a 100% working
interest in a large land position in Texas. 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; Independence
Energy Corp. (800) 976-4490 info@independenceenergycorp.com
www.independenceenergycorp.com
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