SOURCE: Energy Revenue America, Inc.

Energy Revenue America, Inc.

June 01, 2016 10:05 ET

Energy Revenue America Shareholder Update

DALLAS, TX--(Marketwired - June 01, 2016) - Energy Revenue America, Inc. (OTC PINK: ERAO), a firm focused on the acquisition, development and exploration of Coal Bed Methane (CBM) natural gas, is pleased to provide a shareholder update on plans to drill natural gas wells on the Company's 3,100 acres in Nowata County, Oklahoma.

With gas prices now above $2.00 MCF and with ERA's infrastructure nearing completion the company will become active again this summer and focus on reopening existing natural gas wells and beginning to drill new natural gas wells on its 3,100 acres in Nowata County Oklahoma. In addition, in the past year the company has been able to reduce its balance sheet by over $2M by completing the purchase of the 65-mile pipeline.

"The timing is good for ERA, as we have a pipeline to transport our gas and we own 25% of a Coop where 100% of our gas is sold," said Charles H. Havens, ERA's Chairman and Chief Operations Officer. "In addition our gas is sold to local buyers and is used by local communities and therefore is not subject to extreme price fluctuations as supply and demand in the US varies based on US and foreign demand for natural gas."

ERA's drilling activity is located in the heart of the Cherokee Basin, which is the 6th largest coal bed methane basin in the United States and covers over 26,500 square miles. Production of coal bed methane gas has been ongoing in the basin since the 1980s. The predominant production is natural gas produced from coals and shale. As commodity prices are now above $2.00 MCF ERA can justify reentering the business.

About Energy Revenue America, Inc.

Energy Revenue America, Inc. is focused on the acquisition, development and exploration of unconventional natural gas projects, primarily Coal Bed Methane (CBM) and seeks to acquire and develop properties with significant undeveloped potential and apply technical and operating expertise to maximize the value of these resources.


This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Contact Information