Swordfish Financial, Inc. Commits To Invest In A Series Of Oil Producing Wells
SOUTHLAKE, Texas, April 16, 2014 /PRNewswire/ — Swordfish Financial, Inc. (OTC QB: SWRF) — As announced in February, our new structure has provided SWRF with the ability to identify and structure well planned investments in new verticals. We have the ability to increase our portfolio and thereby increase the valuation of the company through strategic acquisitions of cash producing companies,” said Clark Ortiz, CEO of Swordfish Financial, Inc.
The purchase agreement comes from months of pursuit entering into an income generating position with oil companies which are presently producing oil, while providing the team necessary for on going acquisitions. “This is the first of announcements to come of wells in queue which we are uniquely positioned to acquire from 15%-45% of all productions,” continued Mr. Ortiz.
The sellers, Mr. Ron Moss and Mr. William Rahauser carry on the business of Oil Producing wells and future wells in development and a corporation described as Catalyst Operation, LLC registered in the State of Texas. Swordfish will acquire 100% of Catalyst Operations, LLC along with designated wells presently producing and a series of wells presently in queue. “Our relationship with Mr. Moss, who is the CEO of Royal Oil, Inc. provides an on going relationship whereby Swordfish will continue to acquire positions in many projects. It has been our sincerest desire for us to build a relationship to fund and acquire production in this vertical,” says Mr. Ortiz.
Our unique strategy is to acquire the first group of wells which consist of 6 wells with each projected to produce 50-150 bpd with 75,000 – 150,000 of recoverable barrels of oil in reserve. The second group being 10 wells could produce 20-40 bpd. These and other oil assets will be held in Catalyst Operations, LLC which Swordfish Financial, Inc. will own 100% interest.
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About Swordfish Financial, Inc.
Swordfish Financial, Inc. (SFI) is a publicly held diversified financial company designed to acquire undercapitalized assets with a high level of profitability in the digital, entertainment, Smart technology and energy industries. SFI develops capital while providing valuable opportunity of loans and/or investment in, small and medium sized organizations with the goal of increasing investor value.
Contained; forward-looking statements about management’s view of SFI’s future expectations, plans and prospects. Statements made are forward-looking which involve known and unknown risks, uncertainties and other factors, which may cause the results of SFI to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents that SFI files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. SFI cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these statements. Finally, SFI undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by SFI.
Contact Information: Clark Ortiz
Phone number: 817-845-6244
SOURCE Swordfish Financial, Inc.