Palisades Petroleum signs JV for Marcellus rework

11/29/2012

Palisades Petroleum signs JV for Marcellus rework

CERRITOS, California -- Palisades Petroleum has signed a LOI JV on oil and gas projects in the state of Pennsylvania.

"We are excited to be a part of this JV where we will be doing reworks on 50 to 80 wells," said Bill Schaefer, President and Director of Palisades Petroleum. "These wells take anywhere from as little as a few days to a few weeks to be in production, which means income coming into the company. We'd also would like to add that we are looking forward to filing a 15c 211 and being OTC current as the company moves into the new year."

“We are excited to be a part of this JV where we will be doing reworks on 50 to 80 wells,” Schaefer explained.

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