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Article: Caddo Intl Announces New Spin Off With Their Subsidiary, Petrolind Drilling Company, to Increase Current and Future Shareholder Value.
- Article from:
- Energy Weekly News
- Article date:
- May 15, 2009
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Caddo International, Inc. (Pink Sheets: CADD) announces new spin off subsidiary, Petrolind Drilling Company, for their current and future new shareholders. Current shareholders as well as new shareholders that own or buy shares in CADD as of May 15th will receive shares in Petrolind Drilling Company.
Petrolind Drilling Company is our soon to be spun off subsidiary from Caddo International. Petrolind is a thriving drilling company with a fully equipped drilling rig. It has already successfully completed over 10 oil and gas wells, and has commitments to start drilling two more in the near term. Petrolind's rig can productively drill down to 3,000ft, however the ...