Boomerang Oil (CSE: BOI) Lists on Canadian Securities Exchange – Video News Alert on Investmentpitch.com
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Vancouver, British Columbia - (Newsfile Corp. - April 11, 2014) (www.investorideas.com newswire) Boomerang Oil (CSE: BOI) is one of the latest new listings on the Canadian Securities Exchange, formerly known as the Canadian National Stock Exchange, and is trading under the symbol "BOI". Boomerang is a subsidiary of Mondail Ventures (OTCQB: MNVN), which owns 66% of Boomerang.
InvestmentPitch.com has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Boomerang" in the search box.
Boomerang is an oil and gas producer engaged in the acquisition of oil and gas properties and assets principally within the United States. The company’s property holdings consist of two adjacent 40-acre tracts located in the Permian Basin on the Crawar Field, adjacent to property operated by Chevron, in Ward County Texas. The Crawar Field is considered to be one of the more prolific oil and gas fields in West Texas.
The northern 40-acre tract contains 3 existing wells, one economic and two stripper wells, with the southern 40-acre tract contains one producing well. The company’s future work programs will focus on development of its South 40 holdings.
The shares are currently trading at $0.25, and with 71 million shares outstanding, the company is capitalized at $17.8 million. For more information, contact Dennis Alexander, President and CEO at 480-948-6581 or email email@example.com.
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