“New Huge Alert” Independence Energy Corp. (IDNG)
SmallCapStockPlays Newsletter
Members, We believe this is the time and this is the price to gain a value entry into Independence Energy Corp. (IDNG) . How many times have we been correct Have you been taking advantage our past alerts Did we not demonstrate at least 100% gains in your portfolio within the past 6 months There is no other newsletter in the world that has matched our performance.
Developments have been picking up pace as IDNG executes its growth strategy and deliver further value to shareholders. Today is no exception, as only hours ago; Independence Energy Corp. (IDNG) announced confirmation of the contracted completion rig for its Taylor Lease Program.
After the short covering over the last couple of weeks, it appears IDNG is ready for another upward squeeze. One thing we know for sure, all short positions must be bought back before the companys share dividend. This means quite simply that, over the next 7 trading days leading up to June 22, 2012, IDNG could see a major influx of buy-ins pressing bids well into the $5.00 range.
In addition to institutional buy-backs, IDNG`s morning announcement revealed its timetable for the Taylor-MEI #113, expecting completion only one trading day after the forward split. This is tremendous news as it places further importance on the days leading up to June 22, 2012. Taking into account all current and future developments, potential forced buy back by institutions bidding at higher prices and fast-approaching share dividend: IDNG could realistically trade into the $5.00 – $6.00 range before June 22, 2012.
Members, the time to take advantage of our selection is right now, before IDNG begins to garner the attention of the market as a whole. Independence Energy Corp. (IDNG) is executing its strategy, expanding its operations and expecting to increase revenues significantly.
IDNG may begin another breakout from these levels and we are alerting our members today. Remember our history, observe our performance and understand IDNG is just getting started and is now our top selection going forward for the next 3 months.
Historically, members have seen returns of 100% – 500% or more on our selections… precisely because we alert you early. Take advantage. If IDNG trades beyond $6, will you have taken a position _________________________________________________ Independence Energy Corp. Receives Confirmation of Rig Booking for Taylor-MEI #113 Well in Coleman County, Texas SEAL BEACH, CA–(Marketwire – Jun 13, 2012) – Independence Energy Corp. is pleased to announce that the Company has received confirmation that the contracted completion rig for the Taylor-MEI #113 well has been booked for delivery to the proposed well site in Coleman County, Texas. The project operator has also reported that they currently anticipate the arrival of the rig on Friday, June 15, 2012, weather permitting. The Company expects that completion work will begin immediately following rig setup and testing.
The Taylor-MEI #113 is part of a two well re-completion program targeting potential oil bearing formations shown to be productive in the area. The two wells, the Taylor-MEI #113 and the Taylor-MEI #115, were originally drilled to, and completed in, the Ellenburger formation (4,400 feet) and are currently in the re-completion stage to the Gardner Sandstone formation (3,700 feet). The Taylor-MEI #113 is projected to take approximately 10 days to complete.
The Taylor Lease property historically produced oil from four wells originally drilled during the 1950`s, but until it was acquired by the current operator, the property did not have any further development work conducted on it. All four of the above mentioned historic wells were drilled to, and found productive out of, the Gardner Sandstone formation. Historic production data shows that each of these historic wells produced in excess of 20,000 barrels of oil from the Gardner Sandstone using the drilling and completion techniques of the time. The historic wells were also capable of producing a significant, but unaccounted for, amount of natural gas.
The Company`s participation in the Taylor-MEI #113 and the Taylor-MEI #115 wells are structured as a 2.5% working interest. All costs to test, complete, and equip the wells through initial completion are included under the original participation agreement.
Further updates regarding the Taylor-MEI #113 well and other Independence Energy business will be made as additional information becomes available.
Make sure you have IDNG locked into your radar in the coming months.
More Updates To Come …
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