Indigo-Energy (OTCBB: IDGG) Announces Oil Production in the Illinois Basin

 

Delta B.C.- April 28 , 2010 –(Investorideas.com energy newswire) www.InvestorIdeas.com and its leading oil and gas investor portal, www.OilandGasStockNews.com announce new showcase energy stock, Indigo-Energy, Inc. (OTCBB: IDGG).

 

Indigo-Energy, Inc. (OTCBB: IDGG) is an independent Nevada energy company, engaged in the drilling, development, production and acquisition of certain oil and gas reserves located in different geological regions around the United States. 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.

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Indigo-Energy (OTCBB: IDGG) Announces Oil Production in the Illinois Basin

 

HENDERSON, Nev. – April 21, 2010 (Investorideas.com energy newswire) – Indigo-Energy, Inc. (OTCBB: IDGG) is pleased to announce today that is producing oil from its horizontal oil well, the "D-1," recently completed in the Illinois Basin. The well began flowing commercial grade oil about one week ago and is now consistently producing approximately 80 barrels per day. The Company believes that continued adjustments to the well and down-hole pump may cause increased production in the coming weeks. In addition to the oil production, this well is also producing natural gas at a flow rate of approximately 200 MCFD (thousand cubic feet per day). Because of this additional production development, a new gas line has been run to the well site so the natural gas can be gathered and sold simultaneously with the oil, making the D-1 both a gas and oil producing well.

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