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Adino Energy Announces Future Drilling Plans for Two New Wells on Coats Lease in Runnels County, Texas

HOUSTON, TX — (Marketwire) — 03/28/12 — Adino Energy Corporation (OTCQB: ADNY) (OTCBB: ADNY), an emerging company (E&P) concentrated on the Permian Basin in West Texas, announced today future drilling plans for two new wells on their Coats Lease in Runnels County, Texas. Adino Energy owns 100 percent of the working interest and a 77 percent net revenue interest in each well.

The Coats #2 and Coats #3 wells are part of Adino–s 300-acre Coats Lease targeting the Gardner Sand, Morris Sand, Gray Sand and the . “Both prospect wells are supported by solid well control and are targeting a minimum of 40,000 barrels of oil equivalent (BOE) recoverable per well,” said , Chief Financial Officer of Adino Energy. “Each well should have 3-5 potentially productive zones, substantially increasing the likelihood of achieving a commercially producing well.”

According to a Brief Geological Report generated on the Coats Lease in January 2012 by Petroleum Geologist William “Lee” Buse, several analog wells in the area reported initial potential ranges from 30 to over 700 barrels of oil per day with the greatest IPs coming from the followed by the and then the Gray Sand.

, Adino–s Chief Executive Officer added, “With current prices of in the $106 per barrel range, and some industry analysts forecasting oil prices to possibly jump as high as $200, we are excited about the potential production from these two wells. This promising projection will allow us to capture more reserves, providing a positive impact in our approach to the future development of the .”

has not released a specific date for the commencement of site preparation and permitting, but plans to drill and complete the two wells sequentially with drilling operations scheduled to begin on Coats #2 in the next few months. Completion will take approximately one week for each well. , a wholly owned subsidiary, will operate and manage the entire lease development which could total approximately 14 well locations, based on 20-acre spacing.

“The increase in drilling activity in 2012 should provide strong growth in our , as well as solid rates of return for Adino Energy,” Byrd said. “We will continue to pursue opportunities like the Coats Lease to expand our acreage holdings in the and to build on our multi-year inventory of drilling locations.”

Phase I of the Coats development includes testing of Coats #2 and Coats #3 in all four target zones with a planned depth of approximately 5,000 feet. Once Phase II commences Adino is expected to drill 1-2 wells per month for the next year on the with additional leases being developed in both Coleman and Runnels County as part of a larger, multi-year drilling program.

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Adino Energy Corporation (OTCQB: ADNY) (OTCBB: ADNY) is an emerging oil and gas exploration and production (E&P) company focused on oily assets with significant development, work-over and enhanced oil recovery (EOR) potential concentrated in the Permian Basin in West Texas.

Statements made in this news release relating to Adino–s future production, expenses and future capital projects and expenditures, and all other statements except statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management–s assumptions and the Company–s future performance are both subject to a wide range of business risks and uncertainties and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements. Further information on risks and uncertainties that may affect the Company–s operations and financial performance, and the forward-looking statements made herein, is available in the Company–s filings with the Securities and Exchange Commission, which are incorporated by reference as though fully set forth herein.

Narath Khieu
Adino Energy Corporation
2500 CityWest, Suite 300
Houston, TX 77042
(281) 209-9800

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