Verde Bio Holdings, Inc. Announces Acquisition of Mineral and Royalty Interests
Retrieved on:
Thursday, April 8, 2021
Verde is entitled to the cash flow on both properties from production attributable to the acquisition beginning on or after March 1, 2021.
Key Points:
- Verde is entitled to the cash flow on both properties from production attributable to the acquisition beginning on or after March 1, 2021.
- Currently there are fifteen wells producing across the Verde acreage resulting in approximately $6,500 per month in revenue to Verde.
- o Natural Gas rich Marcellus Shale Mineral Interests in Ohio County, West Virginia located in the active area of Marcellus.
- These transactions highlight our business plan of acquiring diversified mineral and royalty portfolios with the current downturn of oil and gas prices.