SOURCE: Adino Energy Corporation

Adino Energy Corporation

January 26, 2011 08:05 ET

Adino Energy Provides Drilling Update

West Texas Prospect Positive for Hydrocarbons at Terminal Depth

HOUSTON, TX--(Marketwire - January 26, 2011) - Adino Energy Corporation (OTCBB: ADNY), updating last month's James Leonard lease drilling announcement, today announced it has reached terminal depth in the primary target pay zone, the Fry Sand. On the strength of positive well log data and examination of drilling mud, management made the decision to complete the well.

G. C. 'Sonny' Wooley, Adino Energy's chairman and thirty year oil industry veteran reported, "There were significant hydrocarbon 'shows' during drilling; resulting onsite examination of the drilling mud revealed strong indications of the presence of recoverable hydrocarbons."

The Fry Sand target pay zone under the James Leonard lease is approximately 1,200 feet in depth. Adino owns 100% of the working interest (87.5% net revenue interest) in the James Leonard lease.

"Our field team performed an 'open-hole log' with very encouraging results. Based on the strength of the log and mud samples, the decision was made to complete the well and install the necessary infrastructure on the lease. We fully expect well completion and testing within the next two weeks," Wooley concluded.

Timothy G. Byrd, Sr., Adino Energy's chief executive officer commented, "As we continue execution of our business plan leveraging Adino's in-house drilling assets to develop our reserve base, I also intend to continue building our management team and production capacity with careful attention to shareholder value."

About Adino Energy Corporation, Inc.
Adino Energy Corporation (OTCBB: ADNY) is an emerging oil & gas exploration and production company focused on mature oilfield assets with significant redevelopment, work-over, and enhanced oil recovery potential. The Company also operates a fuel terminal storage facility in Houston, Texas.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Adino Energy Corporation urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

Contact Information

  • Media Relations:
    Adino Energy Corporation
    Steve Haag
    Investor Relations
    Houston, Texas
    (281) 209-9800
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