SOURCE: Caddo International, Inc.

November 16, 2007 10:26 ET

Caddo International, Inc. Provides Update on DKG-East ZRT

OIL CITY, LA--(Marketwire - November 16, 2007) - Caddo International, Inc. (PINKSHEETS: CADD) Management announced today that after further due diligence, the Company has made the decision to abort further examination of the DKG-East ZRT project (see September 27 press release).

Management feels there are more lucrative projects available domestically and in the service and supply sector of the industry.

Management and the Board are looking for other prospects.

About Caddo International, Inc:

Caddo International, Inc. is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions.

The statement in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil or gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.

Forward-Looking Statements - Safe Harbor:

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • For further information regarding Caddo International, Inc. Contact:
    George Macleod
    Caddo International, Inc.
    P.O. Box 608
    Oil City, La. 71061
    Tel: 318-995-0404
    Email: Ghillhie@cox.net