American Community Development, Inc.

American Community Development, Inc.

November 09, 2011 10:36 ET

American Community Development, Inc. Announces Initial Negotiations to Acquire Significant Oil and Gas Production and Reserves

LAS VEGAS, NEVADA--(Marketwire - Nov. 9, 2011) - American Community Development, Inc. (PINK SHEETS:ACDP) has commenced negotiations to acquire significant oil and gas production with significant additional proven reserves; from CJSC Chedty Neft of Russia. ACDP expects to execute a Letter of Intent shortly at which time more details will be announced.

Management Comment: "A production acquisition with significant proven and possible additional reserves complements our large scale blue sky Sofia exploration project in New Mexico, USA", commented Bruce Thomson, B.A.Sc.; President of ACDP.

About American Community Development, Inc.:

ACDP is an emerging oil and gas company, focusing its exploration activity on oil and gas reserves onshore within the USA. ACDP will also consider select offshore production opportunities. ACDP has assembled a seasoned team of managers and technical professionals in the areas of geology, geophysics, engineering, and legal. ACDP is positioning itself for aggressive asset growth and shareholder value enhancement.

American Community Development, Inc.

Bruce A. Thomson, B.A.Sc.; President & CEO

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission.

Contact Information

  • American Community Development, Inc.
    Bruce A. Thomson, B.A.Sc.
    President & CEO