Swordfish Financial, Inc. (SWRF) has entered into a letter of intent on a dormant Oil and Gas well located in the ARK-LA-TEX region of Louisiana.
Swordfish Financial's interest in this well should be no less than a 20% ownership of the "working interest."
Swordfish's responsibility will include but not be limited to locating, acquiring, and implementing the equipment necessary to get the oil and gas well into full production.
The well has been drilled and cased to approximately 11,200', which is deep enough to access the Cotton Valley and Haynesville Shale.
Swordfish Financial recently performed a pressure test which produced positive results that can be seen at http://youtu.be/sQOLZXAGxgA
"We are in the process of completing our due diligence on this project and believe this to be a great opportunity to increase shareholder value," says Mike Alexander, CEO.
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