Independence Energy Engages Senior Geological Consultant Richard Porterfield for Coleman South Leases Report
March 08 2013 - 7:00AM
Marketwired
Independence Energy Corp. (OTCBB: IDNG)
(OTCQB: IDNG) (the "Company" or "Independence Energy") is pleased
to announce that the Company has engaged Mr. Richard F. Porterfield
as Senior Geological Consultant for the Coleman South Leases
project.
"We are extremely pleased to have Richard Porterfield join our
exploration and development team. His extensive domestic oil and
gas exploration and development experience will be a huge benefit
to our efforts going forward," stated Gregory C. Rotelli, CEO and
President of Independence Energy. "Richard has already begun work
to complete an updated geological report regarding the entire 1,400
acre land package at Coleman South that will help us choose our
first drill targets. Later next week, following the completion of
the report, the Company will be able to finalize its Phase-1
exploration and development plans."
Richard F. Porterfield has worked in various capacities
throughout his 36 year career in the oil & gas industry. He is
currently an independent oil & gas exploration and development
consultant with interests in Oklahoma and Texas. From 1973 to 1991,
Richard owned and operated two independent geological services
companies. From early 1991, Porterfield worked as a Staff Geologist
with OEXCO, Inc., an Oklahoma based oil and gas exploration
company, where he was mainly focused on reviewing seismic prospects
and outside generated deals for development. In 1997, Richard
assumed the duties of Senior Geologist for Oak Hills Energy in Ada,
Oklahoma, in charge of all exploration and developmental drilling.
In 1999, in a senior consulting staff position with Young
Resources, Inc. and Morris E. Stewart Oil Company, he evaluated
seismic and subsurface data as Chief Exploration &
Developmental Geologist while generating numerous moderate to deep
successful oil & gas prospects primarily in the Garvin County
area. Following a company merger, several productive wells were
drilled. During this period, as an outside Consultant Geologist, he
also generated a productive well package utilizing a mix of seismic
and shallow subsurface mapping in the North Nocona Oil Field,
Nocona, Texas, for the Braden Companies in Edmond, Oklahoma. From
March 2005 to December 2008, as a Consultant Geologist, primarily
for Bentrock Oil Company, Oklahoma City, Oklahoma, he mapped many
moderate to very successful oil & gas properties located in the
Garvin County, Oklahoma region.
Further updates regarding the Company's near term exploration
and development strategy at the Coleman South project and other
Independence Energy business will be provided in the near
future.
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 explore and develop the
Coleman South land package and drill new wells on the property. 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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