Orion Diversified Acquisitions Continue
Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a 1.02% royalty interest in 400 acres in Freestone and Houston County, Texas.
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Rhea-AI Summary
Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a 1.02% royalty interest in 400 acres in Freestone and Houston County, Texas. This adds to the company's existing mineral ownership of 28,521 acres across major U.S. oil and gas regions, including 15,640 acres in the Permian Basin. In the last six months, Orion has generated over $122,000 in revenue. The management aims to negotiate further royalty deals, enhancing value for shareholders by targeting prime oil and gas fields.
Positive
- Acquired 1.02% royalty interest in 400 acres, expanding mineral ownership to 28,521 acres.
- Generated over $122,000 in revenue in the last six months.
- Strategic negotiations ongoing for royalties in prime New Mexico locations.
Negative
- None.
Details
News Market Reaction – OODH
The recorded move for OODH in the trading session of this news was +0.25%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CARSON CITY, NV / ACCESSWIRE / September 2, 2022 / Orion Diversified Holding Co Inc. (OTC PINK:OODH) ("OODH" or the "Company") announced today that it has closed on an acquisition of a royalty interest in Freestone and Houston County Texas. The properties consist of a
MANAGEMENT COMMENTS
"In one year with new management we have been able to take all of our deep industry relationships, and finally turn Orion into a solid company our shareholders deserve. We have generated more than
ABOUT ORION DIVERSIFIED HOLDING CO INC.
Orion Diversified Holding Co Inc. is a company with a primary strategy of investing in operated majority working interest, non-operated working interest, and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.com.
SAFE HARBOR STATEMENT
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.
CONTACT:
Orion Diversified Holding Co Inc.
Thomas Lull, President
tom@orionenergyco.com
Phone: 760-889-3435
SOURCE: Orion Diversified Holding Co Inc.
View source version on accesswire.com:
https://www.accesswire.com/714294/Orion-Diversified-Acquisitions-Continue
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