Orion Diversified Acquisitions Continue

Rhea-AI Summary

Orion Diversified Holding Co (OTC PINK:OODH) announced the acquisition of a 1.02% royalty interest in 400 acres in Freestone and Houston County, Texas. This adds to the company's existing mineral ownership of 28,521 acres across major U.S. oil and gas regions, including 15,640 acres in the Permian Basin. In the last six months, Orion has generated over $122,000 in revenue. The management aims to negotiate further royalty deals, enhancing value for shareholders by targeting prime oil and gas fields.

Positive

• Acquired 1.02% royalty interest in 400 acres, expanding mineral ownership to 28,521 acres.
• Generated over $122,000 in revenue in the last six months.
• Strategic negotiations ongoing for royalties in prime New Mexico locations.

Negative

• None.

CARSON CITY, NV / ACCESSWIRE / September 2, 2022 / Orion Diversified Holding Co Inc. (OTC PINK:OODH) ("OODH" or the "Company") announced today that it has closed on an acquisition of a royalty interest in Freestone and Houston County Texas. The properties consist of a 1.02% royalty interest in 400 acres. Orion now has mineral ownership in 28,521 acres in all major US onshore oil and gas regions. Orion owns 15,640 acres in the Permian Basin Wolfcamp Shale & Sprayberry fields.

MANAGEMENT COMMENTS

"In one year with new management we have been able to take all of our deep industry relationships, and finally turn Orion into a solid company our shareholders deserve. We have generated more than $122,000 in revenue in the past 6 months and acquired almost 29,000 royalty acres." commented Tom Lull, CEO of Orion. "This week we are negotiating on royalties in Lea County New Mexico in the Bone Spring formation. This recent acquisition has XTO and several other top operators running gas wells in this field. We are going to bring the best oil and gas fields and assets to our shareholders."

ABOUT ORION DIVERSIFIED HOLDING CO INC.

Orion Diversified Holding Co Inc. is a company with a primary strategy of investing in operated majority working interest, non-operated working interest, and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.com.

SAFE HARBOR STATEMENT

This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.

CONTACT:

Orion Diversified Holding Co Inc.
Thomas Lull, President
tom@orionenergyco.com
Phone: 760-889-3435

SOURCE: Orion Diversified Holding Co Inc.

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FAQ

What acquisition did Orion Diversified Holding Co make recently?

Orion Diversified Holding Co acquired a 1.02% royalty interest in 400 acres in Freestone and Houston County, Texas.

How much revenue did Orion generate in the last six months?

Orion generated over $122,000 in revenue in the past six months.

What are the future plans for Orion Diversified Holding Co regarding acquisitions?

Orion is negotiating on royalties in Lea County, New Mexico, targeting prime oil and gas fields.

What is the current mineral ownership of Orion Diversified Holding Co?

Orion now has mineral ownership in 28,521 acres across major US onshore oil and gas regions.