Published: January 10, 2008
Caddo International Announces Signed Letter of Intent
Caddo International (PINKSHEETS: CADD)
management announced today a letter of intent has been signed between Caddo
International and Tex-Jet. Tex-Jet is a company specializing in gas lift
production systems in the oilfield. This pump system extends pump life and
reduces operating costs significantly because it has no moving parts. In
Louisiana, Tex-Jet is working with Caddo International to complete the
installation of 3 Tex-Jet gas lift systems in 3 oil and gas wells producing
from the Paluxy formation. The life of the Tex-Jet pump is estimated to be
5 years after installation.
President Mario Lanza stated, "These pumps are very effective because they
are not damaged by the formation sand. The traditional down-hole pump wears
out in 1 year on average. If we can extend the pump life to 5 years this
could significantly increase the profitability of an oil well by cutting
the cost of rig time."
Caddo International is looking to acquire all Tex-Jet stock and spin off a
company. Every 20 shares of Caddo International owned by the current
shareholders will receive 1 share of Real-Co. Updated information on this
news will be released next week.
About Caddo International, Inc:
Caddo International, Inc. is a provider of products and services to the oil
and gas industry. The Company provides and integrates products and services
through exploration, development, production, operation and maintenance in
the Louisiana and Texas regions.
The statement in this press release regarding any implied or perceived
benefits from existing oil and gas field properties, actual reserves and
revenues to be derived from the reserves, plans to drill additional oil and
gas wells, anticipated revenues, the acquisition of additional oil or gas
leases, maintaining mineral lease rights, and any other effects resulting
from any of the above are forward-looking statements. Such statements
involve risks and uncertainties, including, but not limited to, the
continued production of gas at historical rates, costs of operations,
delays, and any other difficulties related to producing minerals such as
oil or gas, continued maintenance of the oil field and properties, price of
oil or gas, marketing and sales of produced minerals, risks and effects of
legal and administrative proceedings and governmental regulation, future
financial and operational results, competition, general economic
conditions, and the ability to manage continued growth.
Forward-Looking Statements - Safe Harbor:
Certain information discussed in this press release may constitute
forward-looking statements within the Private Securities Litigation Reform
Act of 1995 and the federal securities laws. Although the Company believes
that the expectations reflected in such forward-looking statements are
based upon reasonable assumptions at the time made, it can give no
assurance that its expectations will be achieved. Readers are cautioned not
to place undue reliance on these forward-looking statements.
Forward-looking statements are inherently subject to unpredictable and
unanticipated risks, trends and uncertainties such as the Company's
inability to accurately forecast its operating results; the Company's
potential inability to achieve profitability or generate positive cash
flow; the availability of financing; and other risks associated with the
Company's business. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.
Copyright © 2010, MarketWire
Copyright © 2010, NewsBlaze,
Daily News
Tags: ,Energy and Utilities:Equipment, EnergyandUtilities:OilandGas, EnergyandUtilities:Pipelines, ,INTHPINK,INTHPINK,LA,OIL CITY, LA