OTCPicks.com Announces Profile Coverage for Radial Energy, Inc.
Brian Dean, Publisher of OTCPicks.com, announced that it has initiated Profile Coverage of Radial Energy, Inc.. Mr. Dean comments, “Radial Energy recently reported from Peru with favorable news as regards the recommencement of drilling operations at the Company’s Huaya 100-1X well located in eastern Peru’s Ucayali Basin. The company has produced replacement parts for the drill rig’s power head and once drilling resumes, the Company plans to reach a target depth of approximately 950 feet within 3 to 5 days and then proceed to logging and production testing the Huaya 100-1X test, which targets an estimated 15.3 million gross barrels of trapped oil reserves classified by third party reserve assessments as Proved Undeveloped.”
To view the OTCPicks.com Company Profile for Radial Energy, Inc., please visit: http://www.otcpicks.com/profiles/reng/index.php.
About Radial Energy, Inc.
Radial Energy Inc., (OTCBB: RENG – News) based in Houston, Texas is engaged in the identification, acquisition, exploration and development of low risk oil and natural gas opportunities in North America and Latin America. The Company identifies opportunities in the oil and natural gas energy reserves that are either under developed or overlooked by the industry. The Company’s strategy is to identify oil and gas fields that were drilled but presently lie abandoned. Radial Energy uses state-of-the-art technology to drill the oil and gas fields, which helps in better utilization of resources.
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes “forward-looking statements” within the meaning of the federal securities laws, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates” and other terms with similar meaning. The Company can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s projections and expectations are disclosed in the Company’s filings with the Securities and Exchange Commission.
Disclosure: OTCPicks.com has been compensated seven thousand five hundred dollars by a third party for RENG advertising and promotional services. OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.
Contact:
OTCPicks.com Brian Dean, Publisher, 972-546-3740 publisher@otcpicks.com or Radial Energy Inc. Investor Relations: J & J Investor Relations Inc.
G. Leigh Lyons, 888-795-2874
Source: Radial Energy Inc.
