SAN DIEGO--(BUSINESS WIRE)--Osage Exploration and Development, Inc. (OTCBB:OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, is pleased to announce that Barrington Research, a full-service investment firm located in Chicago, Illinois, initiated research coverage of Osage with an “Outperform” investment rating and a twelve month price target of $2 per share. Barrington is the first investment firm to initiate equity research coverage of Osage.
Based in San Diego, California, with production offices in Oklahoma City, Oklahoma, and executive offices in Bogotá, Colombia, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the U.S. and Colombia. http://www.osageexploration.com
Barrington Research Associates, Inc. is a Chicago-based full-service investment bank, providing investment research, institutional sales & trading, investment banking and asset management services. Founded in 1983 as an economic and equity research boutique, Barrington Research is today a nationally recognized investment services firm, largely due to our continual focus on meeting the specific investment needs of our institutional, corporate and individual clients. Barrington provides fundamental equity research on approximately 140 primarily small- and mid-cap companies broadly categorized in four verticals - Business & Consumer Services, Healthcare, Industrial & Energy, and Media & Technology. www.BarringtonResearch.com
Safe Harbor Statement
The information in this release includes certain forward-looking statements as defined by the Securities and Exchange Commission that are based on assumptions that in the future may prove not to have been accurate. Those statements and Osage Exploration and Development, Inc. are subject to a number of risks, including production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others.