SOURCE: Caddo International Inc.

November 09, 2007 10:30 ET

Caddo Announces Record Date of Petrolind Drilling Company

OIL CITY, LA--(Marketwire - November 9, 2007) - Caddo International, Inc. (PINKSHEETS: CADD) Management announced today November 25th will be the record date of Petrolind Drilling Co. to all share holders of record. Management wants to remind the shareholders that if they intend to add to their Caddo position, they have to buy no later than November 22, 2007.

For every 20 shares of Caddo, one share of Petrolind Drilling Co. will be issued. PLD currently has ten drilling contracts, which will be started in the first of December. PLD will be unique in the fact that they will offer a turnkey team. Caddo will have the Pulling Units to pull and to swab, whatever is needed, and PLD will have the Drilling Rigs to drill from 1,000 to 12,000 feet. PLD is currently looking to acquire two more Drilling Rigs as demand and cash flow expands.

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.
    George Macleod
    Caddo International Inc.
    P.O. Box 608
    Oil City, La. 71061
    Tel: 318-995-0404