August 1, 2018
For Immediate Release
Blackstone Oil & Gas, Inc., is pleased to announce its private placement offering of up to 2 Million common shares at $5 per share as of April 30, 2018. Use of Proceeds in this offering will be applied to investments and operations pursuant to our strategic alliance partnership with Mosman, LLP as well as other additional acquisitions in oil and gas and energy opportunities Management deems appropriate to increase value to its shareholders. According to Blackstone President Robert Deller, “we see tremendous growth for oil exploration and development in the United States over the next several years”, citing that “the US today is the top oil-producing country in the world, with an average of 14.86 million b/d, which accounts for 15.3% of the world’s production, presenting great opportunities for Blackstone and its shareholders as the US becomes more energy independent”. Other major players are Saudi Arabia, Russia, China and Canada.
Blackstone, a Nevada corporation with offices in Los Angeles, was originally formed in January 2006 as a Delaware limited liability company converted to a Delaware corporation in March 2007. In 2014, the Company became a Nevada corporation pursuant to a reincorporation merger. The Company originally operated as a complex acquisition and litigation workout specialist in the oil and gas industry. By specializing in this niche with careful attention to due diligence/risk factors, Company objectives are to acquire properties at attractive discounts to market value at time of acquisition. The company currently has diversified investments in oil fields of Huntington Beach, CA, as well as Oklahoma and Texas.