Indigo-Energy, Inc.'s CEO Issues Shareholder Letter Defining Company's Direction
HENDERSON, Nev., Mar 13, 2008 (BUSINESS WIRE) -- Indigo-Energy, Inc. (OTCBB:IDGG) is pleased to announce that that CEO Steve Durdin has issued a letter to shareholders defining the Company's direction in 2008. Mr. Durdin gave details of recent financing and explained that the Company is considering additional leasehold opportunities for oil and natural gas, in addition to its current locations in Kentucky, Pennsylvania and West Virginia.
Indigo-Energy recently secured a combined total of $6 million in financing commitments and is pursuing more in an effort to acquire additional assets. The Company will attempt to sell its production to existing petroleum pipelines and processors/refiners through contractual arrangements to ensure the Company's long range profitability. The Company has also undergone changes in the roster of its Board of Directors and has spent considerable time and resources reorganizing the Company and its finances.
"Our intent is to bring in the best talent, technology and resources available to become a leading developer and provider of domestic energy resources. The prospect of rising fuel costs create a better market for us as we continue to grow to meet the rising demand and develop our brand image," stated Steve Durdin, CEO and President of Indigo-Energy, Inc., in his letter to shareholders.
To view the entire text of Mr. Durdin's letter to shareholders, please follow this link: www.indigo-energy.com/investors.html.
About Indigo-Energy, Inc.: Indigo-Energy Inc. is an independent Nevada energy company, engaged in the drilling, development, production and acquisition of certain oil and gas reserves located in the Upper Devonian sand formations in Kentucky, Pennsylvania, and West Virginia. This involves drilling of developmental oil and gas wells at the different program sites on proven reserves. It also includes the purchase of producing oil and gas wells, and existing oil and gas leasehold interests.
Safe Harbor: Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of Indigo-Energy, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to successfully complete drill projects, adapt to changes in technology, and energy competition.
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Contact:
For Indigo-Energy, Inc., Henderson
Investor Relations:
Big Apple Consulting
Bob Deakin, 1-866-THE APPL(E)
www.indigo-energy.com
