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ORION DHC, Inc. Outlines Contract Oil Well Drilling Program for Shareholders
ORION DHC, Inc. Outlines Contract Oil Well Drilling Program for Shareholders.
About this update from Orion Diversified Holding Co Inc.
[{"type":"text","content":"/NEWSWIRE/ - ORION Diversified Holding Co., Inc. (OTC: OODH) (the \"Company\" , “Parent Company”) and its wholly-owned subsidiary, Exteron Oil Corporation, have developed a high-quality oil well drilling program with boundless ROI potential and guaranteed results from specific regional oil well opportunities. This contract based oil well drilling program is very simple and easy to understand; and 100% guaranteed to produce oil revenues: As the Parent Company allocates funding for contract oil well drilling, the wells get drilled and subsequently produce oil revenues for the Company and Exteron Oil Corp. The fiscal basis for developing this contract based oil well drilling program for ORION DHC, Inc. is to generate long-term revenue streams, upwards of 25 years or more, leading to increased shareholder value. ORION DHC, Inc. is focused on drilling oil wells in five well groupings per contract although the lead Exteron Oil Corp contract driller has expressed rig capacities capable of producing over 300 oil wells per year, per contract. With such a broad figure placed on oil drilling capacity this would allow for substantially larger well groupings of perhaps 20 to 50 in each grouping, dependent upon adequate funding for an expanded number of oil wells per contractual arraignment. Due to this being an internal venture, the Company carefully analyzed drilling bids from over twelve contract drillers and has established a cost basis of $175,000 per oil well, which includes the actual drilling, equipment installation, payment processing, capital allocation costs, periodic well treatments, replacement parts and a $200 per month fee for maintenance on each oil well. The monthly maintenance fee will ensure all wells drilled are in good working order for many years to come. \n Mr. Randy Hoff, Chairman & CEO of ORION DHC, Inc. comments on the oil well drilling program, \"The financial benefits for OODH shareholders are abundantly clear when it comes to engaging a strict capital allocation plan for drilling producing oil wells. At a cost basis of only $175,000 per guaranteed producing oil well, I’m pretty confident our contract drilling program is a top-tier investment. I found it extremely difficult to find any other contract drilling program in the USA offering such a guarantee on oil productio...