Multi-division holding company RJD Green, Inc. (OTC: RJDG) today announced that its Earthlinc Environmental division has entered into formal discussions regarding the acquisition of two operating oil and gas properties strategically located in the Mid-America region. Per the update, the combined properties reflect over 4,700 contiguous acres with existing production and net operating profit of over $33,000 per month. The company projects that, with secondary enhancement of existing wells and an orderly drilling and completion program, revenue from the properties could grow ten-fold. “We hope to have reached terms of acquisition within thirty days,” RJD Green management noted in a joint statement. “If an LOI agreement is reached, the targeted closing date would be within ninety days of reaching a letter of intent.”
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About RJD Green, Inc.
The company operates as a holding company with a focus of acquiring and managing assets and companies. RJD Green operates in three divisions: RJD Green Healthcare Services Division, which owns IOSOFT Inc, a company that provides discrete payment technologies, services and software that can be integrated into targeted offerings for healthcare provider networks, hospitals, healthcare payers and individual providers: Earthlinc Environmental Services Division, which provides green environmental services and technologies; Silex Holdings Division, which is engaged in specialty construction and industrial manufacturing and fills a market niche between the Home Depots and local contractors. Silex offers installed granite/other counter tops, cabinets and related products to the residential builder, commercial contractor, remodel contractor and retail customer. For more information, visit the company’s website at www.RJDGreen.com
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