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Boomerang Oil (CSE: BOI) New Listing

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Boomerang Oil is one of the latest new listings on the Canadian Securities Exchange, formerly known as the Canadian National Stock Exchange, and is trading under the symbol “BOI”. Boomerang is a subsidiary of Mondail Ventures, symbol MNVN on the OTCQB, which owns 66% of Boomerang.

Additional Information:

Company: Boomerang Oil
Website: http://www.cnsx.ca/CNSX/Securities/Oil-and-Gas/Boomerang-Oil-Inc.aspx
Stock Symbol: CSE: BOI
Date Published: Apr 10, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch media

Boomerang Oil is one of the latest new listings on the Canadian Securities Exchange and is trading under the symbol “BOI”. Boomerang is a subsidiary of Mondail Ventures, symbol MNVN on the OTCQB, which owns 66% of Boomerang.

Boomerang is an oil and gas producer engaged in the acquisition of oil and gas properties and assets principally within the United States.

The company’s property holdings consist of two adjacent 40-acre tracts located in the Permian Basin on the Crawar Field, adjacent to property operated by Chevron, in Ward County Texas.

The Crawar Field is considered to be one of the more prolific oil and gas fields in West Texas.

The northern 40-acre tract contains 3 existing wells, one economic and two stripper wells.

The southern 40-acre tract contains one producing well.

The company’s future work programs will focus on development of its South 40 holdings.

The shares are currently trading at $0.25, and with 71 million shares outstanding, the company is capitalized at $17.8 million.

For more information contact Dennis Alexander, President and CEO at 480-948-6581 or email energyproducers@aol.com.

I’m Samantha Deutscher for Investmentpitch media
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This video is for information purposes only and it not a recommendation to buy or sell any securities.