SOURCE: Swordfish Financial, Inc.
ROCKWALL, TX--(Marketwire - Jul 30, 2012) - Swordfish Financial, Inc. (PINKSHEETS: SWRF) (OTCQB: SWRF) has entered into a letter of intent on a dormant Oil and Gas well located in the ARK-LA-TEX region of Louisiana.
Swordfish Financial's interest in this well should be no less than a 20% ownership of the "working interest."
Swordfish's responsibility will include but not be limited to locating, acquiring, and implementing the equipment necessary to get the oil and gas well into full production.
The well has been drilled and cased to approximately 11,200', which is deep enough to access the Cotton Valley and Haynesville Shale.
Swordfish Financial recently performed a pressure test which produced positive results that can be seen at http://youtu.be/sQOLZXAGxgA
"We are in the process of completing our due diligence on this project and believe this to be a great opportunity to increase shareholder value," says Mike Alexander CEO.
About Swordfish Financial, Inc.
Swordfish Financial, Inc. (SFI) is a publicly held diversified financial asset recovery company formed to acquire dormant and orphaned assets. SFI's main products will be to acquire and provide funding for organizations in the currently underserved humanitarian and eco-friendly markets. SFI provides economical and efficient use of capital while providing a valuable opportunity of loans to and or investment in small and medium sized organizations by providing asset based funding against marketable "income producing and/or marginable" assets. Our funding will enable our organizations to compete more effectively, improve operations and increase shareholder value.
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.