Emvelco Announces That Subsidiary Davy Crockett Gas Company Will Commence Drilling of First Well

LOS ANGELES--(BUSINESS WIRE)--Emvelco Corp. (OTCBB: EMVL) announced this week that its wholly owned subsidiary, Davy Crockett Gas Company, LLC (the “Company”), has ordered the drilling of its first well in the Wolfcamp Canyon Field through Ozona Gas Group, LLC (“Ozona”). Ozona, as an operator, has experience in drilling, producing and selling natural gas. The Company holds certain development rights for gas drilling through assignment on property located in Texas. The Company has engaged Ozona to drill and operate four (4) wells and put them into production, if successful.

Yossi Attia, Chief Executive Officer of Emvelco Corp., stated that “the Company’s goal is to ensure that the wells are placed optimally and drilled economically minimizing non-productive time during the drilling process to optimize and enhance a return to the Company and its parent entity.”

Founded in 2008, the Company is a growing independent oil and gas company based in Bel Air, California. The Company is engaged in the development, production and marketing of natural gas and oil. Its operations are focused in West Texas where it intends to be a producer of oil and natural gas with competitive finding and development costs. Emvelco Corp. acquired the Company as part of its strategic acquisition plan and strategy as an emerging company that focuses on innovative transactions and structures.

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Emvelco Corp.’s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.