HOUSTON, TX--(Marketwire - June 29, 2010) - AsherXino Corporation (
AsherXino is an oil and gas exploration and production company, focused on both offshore and onshore prospects in the Gulf of Guinea. AsherXino's strategic objectives will ensure that the Company will offer shareholders a diversified and balanced portfolio of attractive exploration, development and production asset opportunities in the Gulf of Guinea (Nigeria and Ghana). The Company is currently working to finance the projects through a combination of debt and equity financing.
Patrick Okorodudu, General Counsel said, "The commencement of public trading of our common stock is an important milestone for AsherXino. We are now a fully reporting Company with publicly traded currency that should enable us to access the capital required to transform the Company into an active oil and gas producer on the African continent. We will continue to strengthen our executive management team and board of directors in coming months as we ramp up operations, and we will regularly communicate our progress to shareholders and the investment community."
Cautionary Statement
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, statements about the Company's reorganization, recapitalization, asset acquisitions, growth plans and expectation are forward-looking statements. These statements are based on our expectations and are naturally subject to uncertainty and changes in circumstances. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these statements or to provide preliminary quarterly or annual results in the future. Actual results could vary materially from these expectations.
Contact Information:
For further information please contact:
Patrick Okorodudu
General Counsel
AsherXino Corporation
Ph: 713-413-3345 ext 210