HOUSTON, TX--(Marketwire - Jun 21, 2012) - Since acquiring Interline Resources Corporation (
Upon a successful sale of the pipeline, the Company is considering a number of options with respect to the use of the sale proceeds. Those options include investing, acquiring or creating a joint venture in existing entities with a demonstrable revenue stream. While the Company will target energy companies in which to invest, acquire or joint venture with, the Company will consider using the sale proceeds for companies outside of the energy sector if the opportunity and prospects for a greater return warrants such investment. Additionally, the company will explore reinvesting in the shut-in oil wells, if feasible. There is no guarantee the revenue generated from the sale of the pipeline will support bringing the shut-in oil wells on line.
The Company continues to minimize overhead in order maximize the use of revenues upon receipt. The Company will provide timely updates on the listing for sale of the pipeline and any developing relationships with operable, productive entities, once and if they occur.
Contact Information:
Please contact the Company with any questions, comments or interests in the above referenced matters:
interlineresourcescorp.com
info@interlineresourcescorp.com