AUSTIN, TX — (Marketwire) — 03/29/12 — Riverdale Oil and Gas Corporation (PINKSHEETS: RVDO) reports that it had an extremely positive year in 2011 compared to 2010, reflecting the Company–s direction through increasing its asset base, using the latest technologies and controlling its corporate expenses.
Currently, the Company owns various interests in new oil and gas wells that are in completion stages and are being drilled. RVDO is also acquiring an interest in a three (3) well development drilling program, on a carried interest basis, where the development costs are borne by outside funding, that was identified utilizing state-of-the-art 3D seismic. That program is scheduled to begin development during the middle to the end of May 2012.
Through this conservative approach, RVDO has been successful in mitigating risk while developing a solid asset base on which to build for its future activities.
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