PALO PINTO COUNTY, Texas, April 23, 2013 /PRNewswire-iReach/ -- Adroit Oil & Gas has announced the successful drilling of the Ragle #7 well in Palo Pinto County, Texas. The 5,000' +/- vertical well encountered multiple zones in the Ellenberger, Upper Barnett, Marble Falls, Conglomerate, Lower and Upper Strawn, bottom to top respectively. Log analysis revealed probable commercial pay in several of these zones, primarily in, the Lower Marble Falls.
The well is presently being completed in the Lower Marble Falls zone with anticipated production of natural gas, condensates and petroleum liquids. Additionally, Adroit Oil & Gas has signed contracts with G & F Oil, Inc. to drill several wells in the general area and will begin by the deepening of the Carter #4 within the next few weeks, followed by the Carter "A" new drilling location beginning in June 2013.
About Adroit Oil and Gas, LLC.
Adroit is an oil and gas exploration, development and production company focusing in Texas and numerous areas throughout the U.S.
In 2012, Adroit entered the sponsored drilling program industry and, over the last year, undertook 4 small drilling partnerships. Adroit's personnel are experienced in oil and gas exploration and production in many parts of the U.S., as new areas become available, Adroit strives to stay ahead of the curve.
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This release/announcement is neither an offer to sell nor a solicitation of an offer to buy securities or participations. This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/document, the Memorandum, the Adroit website, or other Adroit documents, including statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, the Memorandum, the Adroit website, or other Adroit documents, will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, the Memorandum, the Adroit website, or other Adroit documents, might not occur. Accordingly, reviewers and readers should not rely upon forward-looking statements as a prediction of actual results. Also, the price Adroit Oil and Gas, LLC and the other parties involved in any properties receive for the oil and natural gas produced on their properties may be less than quoted NYMEX prices at any given time. Adroit does not undertake any obligation, or make or infer any promise, to update any forward-looking statements, whether as a result of new information, future events, subsequent circumstances or otherwise.
The Adroit Group, LLC
Media Contact: Noel Ray The Adroit Group, LLC, 888-243-4456, firstname.lastname@example.org
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SOURCE The Adroit Group, LLC