Adino Energy Corp (ADNY)

Adino Energy Corp was incorporated under the laws of the State of Montana on August 13, 1981, under the name Golden Maple Mining and Leaching Company, Inc. The Company is an oil and gas exploration and production company. Its subsidiary, Adino Exploration, LLC, is a bonded Texas oil and gas operator that owned and operated leases in Coleman and Runnels counties. The Company owned and operated 776 mineral acres with producing leases representing 64,300 barrels of, developed, and producing reserves. With both a service rig and a drilling rig, it was a fully equipped independent E&P company with substantial growth prospects. It focuses on small producing assets with low risk development opportunities. The Company assembles strong acreage positions by aggregating small leaseholds that are typically overlooked by larger companies. In order to maximize operational efficiency, it looks for leases that are geographically concentrated and geologically similar. The Company is subject to various types of regulation at the federal, state and local levels. The Company faces competition from other oil and natural gas companies in all aspects of its business, including acquisition of producing properties and oil and natural gas leases, marketing of oil and natural gas, and obtaining goods, services and labor.