Profile: Independence Energy Corp (IDNG.OB)
9 Dec 2013
Independence Energy Corp., incorporated on November 30, 2005, is an oil and gas company. The Company is engaged in the exploration for and production of oil and natural gas, throughout the United States. Its Quinlan Lease is located in Pottawatomie County, Oklahoma.
The Company’s drilling program consists of two wells: the Vaughn-MEI #106 and the Shields-MEI #105-H prospect wells. Effective March 29, 2012, its company, acquired a 5% working interest, on a 70% net revenue interest, in a drilling program in Coleman County, Texas. On March 7, 2013, the Company announced that its company has completed a transaction that has resulted in the acquisition of a 100% working interest in the Coleman South oil and gas exploration land package in Coleman County, Texas. The Coleman South Lease project covers an area of approximately 1,400 acres, four miles southwest of Novice, Texas, a prolific oil and gas producing area. The region is known for containing numerous producing horizons that are stratigraphically and structurally used as trapping mechanisms for oil and gas deposits. The Company’s formations include, the Ellenburger Dolomite 4,400 feet, the Gray Sandstone 3,800 feet), Gardner Sandstone 3,700 feet, and Jennings Sandstone 3,600 feet.
Independence Energy Corp
Suite 300, 3020 Old Ranch Parkwa
SEAL BEACH CA 90740