Frio

White River Energy and BitNile Holdings’ Subsidiary, Ault Energy, Announce Results from Recently Completed Drilling Project in Holmes County, MS

Retrieved on: 
Tuesday, December 6, 2022
Blockchain, Oil, Gas, Cryptocurrency, Finance, Energy, Data Management, Professional Services, Technology, Well, Bitcoin, Peabody Energy, Security (finance), III, Mining, Textile, Suite, Harry, Risk, Partnership, WTRV, TMS, 8-K, Austin, Texas, Federal Lands Jobs and Energy Security Act, NYSE, Frio, Austin Chalk, Multimedia, Growth, Nature, BOPD, Form 10-K, White, WRO, Coochie, Oil, Tuscaloosa Marine Shale

BitNile Holdings, Inc. (BitNile) (NYSE American: NILE) and White River Energy Corp (White River) (OTCQB: WTRV), today announced that the successful drilling project by Ault Energy, LLC (Ault Energy), a wholly owned subsidiary of BitNile, and White River Operating LLC (WRO), a wholly owned subsidiary of White River, has begun producing at a rate of 78 flowing barrels of oil per day (BOPD).

Key Points: 
  • BitNile Holdings, Inc. (BitNile) (NYSE American: NILE) and White River Energy Corp (White River) (OTCQB: WTRV), today announced that the successful drilling project by Ault Energy, LLC (Ault Energy), a wholly owned subsidiary of BitNile, and White River Operating LLC (WRO), a wholly owned subsidiary of White River, has begun producing at a rate of 78 flowing barrels of oil per day (BOPD).
  • Additionally, Ault Energy has committed to acquire a thirty-seven and one half (37.5%) working interest in the Peabody AMI 12 A No.
  • Based on these early indications, WRO believes that this drilling project will result in a commercial oil well and several shallow Frio developmental drilling opportunities.
  • We are also very encouraged about the initial results being reported on our second drilling project with White River and are looking forward to viewing the well log after the drilling project has been completed.

White River Energy and BitNile Holdings’ Subsidiary, Ault Energy, Announce Results From Recently Completed Drilling Project in Holmes County, MS

Retrieved on: 
Tuesday, December 6, 2022
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Well, Bitcoin, Peabody Energy, Security (finance), III, Mining, Textile, Suite, Harry, Risk, Partnership, WTRV, TMS, 8-K, Austin, Texas, Federal Lands Jobs and Energy Security Act, NYSE, Frio, Austin Chalk, Growth, Nature, BOPD, Form 10-K, White, WRO, Coochie, Oil, Tuscaloosa Marine Shale

BitNile Holdings, Inc. (BitNile) (NYSE American: NILE) and White River Energy Corp (White River) (OTCQB: WTRV), today announced that the successful drilling project by Ault Energy, LLC (Ault Energy), a wholly owned subsidiary of BitNile, and White River Operating LLC (WRO), a wholly owned subsidiary of White River, has begun producing at a rate of 78 flowing barrels of oil per day (BOPD).

Key Points: 
  • BitNile Holdings, Inc. (BitNile) (NYSE American: NILE) and White River Energy Corp (White River) (OTCQB: WTRV), today announced that the successful drilling project by Ault Energy, LLC (Ault Energy), a wholly owned subsidiary of BitNile, and White River Operating LLC (WRO), a wholly owned subsidiary of White River, has begun producing at a rate of 78 flowing barrels of oil per day (BOPD).
  • Additionally, Ault Energy has committed to acquire a thirty-seven and one half (37.5%) working interest in the Peabody AMI 12 A No.
  • Based on these early indications, WRO believes that this drilling project will result in a commercial oil well and several shallow Frio developmental drilling opportunities.
  • We are also very encouraged about the initial results being reported on our second drilling project with White River and are looking forward to viewing the well log after the drilling project has been completed.