Omni Oil & Gas Announces Sale of Property
Transaction provides Omni with additional working capital for new ventures
Dallas, TX (PRWEB) July 1, 2008 -- Omni Oil & Gas, Inc. (OMOI.PK, www.omnioil.com), a company specialized in oil and gas exploration and production, announced today that it has sold approximately 344 acres of land located in DeSoto Parish, Louisiana to a large independent oil and gas company. The transaction closed on June 13th with Omni receiving more than $1.25 million.
“This sale provides the Company with significant working capital and the opportunity to aggressively pursue several of our key operational ventures,” stated Renn Rothrock, Omni President and CEO. “We expect to be making further announcements regarding these ventures in the weeks ahead.”
About Omni Oil & Gas, Inc.:
Omni Oil & Gas, Inc. specializes in the acquisition and enhancement of properties in both proven and exploratory oil and gas fields. To date, Omni has assembled, and is reworking, a portfolio of four oil and gas fields throughout Texas, Louisiana, Alabama and Oklahoma with over 30 wells producing, or capable of producing.
For more information, contact:
Andrew Zelman
InfusionCapital
407-566-1090
www.infusioncapital.com
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