TULSA, OK, March 21, 2018 (GLOBE NEWSWIRE) --
RJD Green, Inc. (OTC: RJDG), today announced the Earthlinc Environmental Division has entered into a non-binding Letter of Intent with Pemco Inc. for the first operating oil & gas property located strategically in the Mid-America region.
The property consists of over 2,000 acres with multiple geographic formations ranging from 1,300 feet in depth to 2,200 feet in depth. Approximately 30 wells are producing over $18,000 of net monthly cash flow. The property offers excellent drilling capability in 1,500 to 1,800 feet shallow well zoning. The property has engineered proven reserves. It is projected that with secondary enhancement of existing wells and an orderly drilling and completion program; revenue can be grown five-fold. Targeted acquisition value is $1,200,000.
RJD Green management states, “Due diligence is expected to require 45 days to complete, and capital procurement up to 90 days for completion post completion of due diligence.”
Earthlinc Environmental Services Division is launching Field Services Operations focused on providing environmental related services initially in the energy sector. Services include: management and implementation of emergency response and long-term remediation management and response. Related services which will be offered include; tank battery construction, trucking, and oil & gas field maintenance, pipeline maintenance. Acquisition & operation of oil and gas properties is a parallel focus of the division
About RJD Green, Inc.
The Company operates as a holding company with a focus of acquiring and managing assets and companies. RJD Green operates in three divisions: RJD Green Healthcare Services Division, which owns IOSOFT Inc., a company that provides discrete payment technologies, services and software that can be integrated into targeted offerings for healthcare provider networks, hospitals, healthcare payers and individual providers; Earthlinc Environmental Services Division, which provides green environmental services and technologies; and Silex Holdings Division, which is engaged in specialty construction and industrial manufacturing and fills a market niche between the Home Depots and local contractors. Silex offers installed granite/other counter tops, cabinets and related products to the residential builder, commercial contractor, remodel contractor and retail customer.
For more information, visit http://www.RJDGreen.com
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluation such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Source:RJD Green Inc.