El Maniel International, Inc Set to Ride on the U.S. Oil & Gas Wave
March 02 2012 - 8:42AM
El Maniel International Inc (EMLL:OTC) announced today that the
Company is set to ride on the U.S. oil and gas wave by going into
oilfield ventures so as to capitalize on the prevailing
opportunities in addition to its ongoing endeavors under the gold
business domain. "We are thrilled with the entry into the lucrative
oil field business initiative by acquisition of substantial stakes
in Redfield Ventures, Inc ("Redfield") as Redfield's primary
business focuses on high growth strategies of investing in
underdeveloped oil and gas production assets with immediate revenue
generating capabilities throughout the United States" according to
Jamie Khoo, CEO of El Maniel International, Inc "Recently, Redfield
concluded an acquisition of 50% working interest in an
approximately 40 acres oil lease located in Catahoula Parish,
Louisiana known as the Cater Lease, and we believe that this new
asset brings significant enhancement to our synergistic growth
trajectory".
"The Cater Lease comprises of 4 oil wells with pre-existing
infrastructures and equipment which enables accelerated operations
and we are expecting near-term revenues from production in as early
as April 2012" added Jamie Khoo "Redfield has several other similar
oil field opportunities lined up and with its reservoir of
resources and financial muscle built on its aggressive business
model of continuous oil lease acquisitions, Redfield projects
preliminary revenues of at least $5 million for this year. This
will contribute significantly to our bottom line in 2012 and we
remain focused in evaluation, acquisition and development of
natural resources properties with significant potential as we are
committed in creating value for our shareholders". For further
information and updates on Redfield, please visit
www.redfieldventures.com
About El Maniel International, Inc:
El Maniel International Inc is a publicly traded company
currently focusing in the gold business domain including but not
limited to trading, prospecting, developing and expanding the
economic potential of its world class mining claims and the company
is committed in creating shareholder's value by ensuring constant
development of current and new resources in its global gold
business domain. For further information, visit
www.elmaniel.com
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risk and uncertainties include
the Company's entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company's Securities and Exchange
Commission filings. The forward-looking statements in this press
release speak only as of the date hereof, and the Company disclaims
any obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company's
expectations or future events.
CONTACT: Investor Relations
El Maniel International, Inc
(212) 726-2179
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