Citadel Exploration, Inc. announces a new two-year lease at Project Indian
Monday, Mar 12, 2012
Citadel Exploration, Inc. (OTCQB: COIL) today is pleased to announce that it has successfully negotiated a new two-year lease at Project Indian. “This is a huge achievement for us," said Armen Nahabedian, President and CEO. "We have a number of opportunities we would like to pursue, and with this extension, new doors have been opened. The property is now marketable for a sale, and proceeds from a potential sale could be used to help build our company." Project Indian is a shallow heavy oil development accumulation in San Benito County, California. Citadel Exploration, Inc. is in active discussions regarding a sale of some or all of the interest in this project.

Source: Business Wire

To access over 2,700 of the latest oil projects from across the world visit Projects OGP for free trial today

Member Profiles

Featured Profile

Featured Profile

Featured Videos

Featured Case Studies