Indigo-Energy, Inc. Completes Final Stage Testing in Illinois Basin Project

HENDERSON, Nev.--(BUSINESS WIRE)--Indigo-Energy, Inc. (OTCBB: IDGG) is announcing today that it has successfully completed a series of required tests on a 5,800 foot transmission line regulated by the state utilities commission. This pipeline is part of the processing and transportation system which will be utilized to deliver natural gas from the wells recently completed by Indigo and its operating partners in the Illinois Basin drilling project. The high pressure test along with detailed inspections, were conducted on the transmission line that connects the field’s natural gas processing plant and the interstate pipeline. The testing process was concluded on March 2^nd and recommended mechanical adjustments highlighted during the inspection process were completed in the field on March 3^rd. These steps were critical in moving the Company towards full-time production on three natural gas wells recently completed within the New Albany shale of the Illinois Basin. The pump systems recently installed on these gas wells and on the horizontal oil well in this same field have also completed initial testing and are standing by to await the final clearance for production by the utilities regulatory commission and interstate pipeline.

Indigo President and CEO Steve Durdin stated, “This latest round of accomplishments represents our final steps towards consistent, quality production from this remarkable project. Our team in the field has done an outstanding job of ensuring operating excellence and compliance at each step along the way. In the immediate future, this should be very good news for Indigo and its shareholders and I have every confidence that, once production begins, these measured steps we have taken along the way will give us a great advantage in the field.” When asked to comment on anticipated production quantities and timeline, Durdin added, “I want to make sure we are flowing gas and oil consistently before we begin sharing results with the marketplace. We have been careful to release information on a verifiable and factual basis and want to promise less and deliver more to our shareholders. That said, our testing along with the data I have been observing in the field over the past 6-8 weeks makes me more confident than ever that these wells in the Illinois Basin will represent a monumental achievement for Indigo and its shareholders.” According to Durdin, the Company and its project field partners anticipate flowing and processing natural gas over the next few weeks with full time production by the end of this month. The same anticipated timeline applies to oil production and sales from the horizontal oil well.

The securities market has responded positively to recent announcements regarding the Company’s progress. Everett Miller of Carr Miller Capital, Indigo’s largest shareholder and investor, called today’s news an additional indication that Indigo stock represented a “strong buying opportunity” and “great value proposition”. Miller, who also serves as Indigo’s Chief Operating Officer said that his firm was looking at increasing its own stock position this month as the Company nears anticipated production and revenue from operations.

About Indigo-Energy, Inc.:

Indigo-Energy Inc. is an independent Nevada energy company, engaged in the drilling, development, production and acquisition of certain oil and gas reserves located in different geological regions around the United States. This involves drilling of developmental oil and gas wells at the different program sites on proven reserves. It also includes the purchase of producing oil and gas wells, and existing oil and gas leasehold interests.

Safe Harbor: Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward- looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of Indigo-Energy, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to successfully complete drill projects, adapt to changes in technology, and energy competition.