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IDNG Independence Energy


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IDNG Independence Energy

idng

Symbol:                             IDNG

Website(s):        www.independenceenergycorp.com

 

Outstanding Shares:  121.8M

Float:                           1.8M

 

Independence Energy Corp. (IDNG) is a 2005 founded, California based Oil and Gas Company with a primary focus on the exploration and production of Oil and Natural Gas in the U.S., with attention to the states of Oklahoma and Texas.

Current IDNG Oklahoma properties include IDNG’s Quinlan Lease Oil property, stretched across 120 acres, containing three oil wells in active production and one salt water disposal well and are known respectively as Quinlan 1, 2, and 3. Since IDNG’s acquisition of this property in 2011, IDNG’s Quinlan properties have been actively Significantly Upgraded with Infrastructure and Water Handling Upgrades being placed at the site such as an upgraded high capacity fluid pump which will transport each day up to 6,000 barrels of total fluids. Such improvement creates a quicker and more efficient clearing of the salt water within the property and further improves the oil to water cut ratio.

While IDNG continues to conduct improvements on its Oklahoma property, IDNG has also diverted to its focus to the state of Texas where IDNG’s Latest Oil and Gas Land Package Acquisition just took place. IDNG’s newest acquisition, known as the Coleman South Project, spreads across over 1,400 acres wherefore IDNG believes multiple drill targets and locations previously drilled remain untouched or under-exploited. Among these targets include the Hrubetz Ellenburger field which has produced 2.4 million mcf of gas and an excess of 1.4 million barrels of oil; the Templeton Field with previous production of 4.1 million mcf of gas and 1.6 milion barrels of oil; and the Novice Field with past production of 3.8 million mcf of gas and 3.3 million barrels of oil. With Additional Target Exploration Fields existing within this property, IDNG will provide further update in the very near future with IDNG’s exploration and development strategy for this latest acquisition.

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