Vinoble, Inc.
OTC Bulletin Board : VNBL

November 17, 2005 16:00 ET

Vinoble Finalizes Second Asset Acquisition

MALIBU, CALIFORNIA--(CCNMatthews - Nov. 17, 2005) - Vinoble, Inc. (OTCBB:VNBL), announced today that it has completed and executed a definitive agreement in acquiring a minority interest in the Oil and Gas Prospect known as the Clovelly Prospect.

In September, Vinoble disclosed to shareholders its intent to enter the oil and gas production industry by announcing that it entered into a Memorandum of Understanding whereby acquiring a minority stake in the Clovelly Prospect. Subsequently, the Company has complied with the terms of the MOU and has finalized an agreement for the investment.

Located 35 miles southwest of New Orleans in the Lafourche Parish, the Clovelly Field is a late piercement salt dome that traps hydrocarbon from Late to Middle Miocene time. Since its discovery in 1950, the field has produced in excess of 30 MMBO (Million barrels of oil) and 200 BCFG (Billion cubic feet of gas). Reservoirs typically exhibit moderate water drives and benefit from water and/or gas injection. Stone Energy Corporation (NYSE:SGY) has redeveloped the eastern flank of the field with additional drilling and water injection. Similar opportunities exist here at our proposed location.

While oil prices remain staggeringly high and gold reaching an 18 year peak at over $485 per ounce, the Company is excited about entering two strong markets where demand is high and additional supply is necessary to satisfy the demand. ORX Resources, Inc., the operator of the Clovelly Prospect expects dry well production to begin in 4 to 6 weeks. Vinoble also expects to begin conducting an exploration and 700 meter drill program on the Hazard property in early 2006.

Vinoble continues to seek other opportunities to add value to its property holdings through acquisition. Vinoble believes that these additional assets will provide the Company and its shareholders a much-improved increase in shareholder value. Further, the Company will be filing the required forms and exhibits with the SEC and sending notice to shareholders within the next few weeks. Terms and conditions of the transaction will also be provided in the aforementioned notices.

Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Vinoble to complete the proposed acquisition(s), the results of Vinoble's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Vinoble to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

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