SEAL BEACH, CA — (Marketwire) — 03/14/12 — (OTCBB: IDNG) (the “Company” or “Independence Energy”) is pleased to provide this discussion regarding the Company–s business development strategy and outlook for 2012.
“We believe that 2012 is going to be an extremely productive year for Independence Energy as we continue to build a solid foundation for long term-term growth and financial stability,” stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. “To facilitate this growth, we will continue to work with a select group of energy sector and financial experts to source new opportunities for profitable oil and gas investment, including the purchase of producing well interests and development drilling prospects. Our goal is to build a large and diversified portfolio of proven oil and gas assets and create lasting value for our many shareholders.”
Independence Energy has plans to execute a multi-stage business development strategy with the ultimate goal of building and maintaining shareholder value;
Step one is to establish a reliable financing stream to fund operations and new project acquisitions. This will allow the Company to grow by securing interests in high-potential projects when they become available.
Step two is to build a portfolio of exploration prospects for the long-term, while at the same time, creating a profit stream that generates positive net income in the near-term.
Step three is to create a strong technical expert group to aid in the efficient management of our current projects and to help source new opportunities with ideal risk/reward ratios for acquisition, exploration, and development.
Step four involves potentially partnering with oil and gas service providers and equipment manufacturers. This type of partnership will allow the Company to source new opportunities for possible investment and allow our partners to decrease or spread their risk profile by disposing of assets to us at fair prices.
Step five involves selling assets from time-to-time that we have acquired, proven, and then developed. These sales could help fund new acquisitions and the development of other portfolio properties with significant upside.
Step six is simply to create earnings per share and lasting value for our shareholders.
Further updates regarding Independence Energy Corp. will be made as additional information becomes available.
Independence Energy Corp. is an oil and gas exploration and development company focused on projects in the United States. Independence Energy is seeking to further advance its existing projects through development or offset drilling and to expand its portfolio to include additional property interests in the United States.
Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the Company–s plans to acquire additional oil and gas interests and the Company–s ability to raise further capital and achieve profitability. The words “plan”, “forecast”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “should”, “believe”, and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company–s actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company–s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Independence Energy Corp. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Independence Energy Corp. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
For additional information, contact;
LiveCall Investor Relations
for Independence Energy Corp.
Mr. Gerry Belanger
Investor Contact
(800) 976-4490