White River Energy and BitNile Holdings’ Subsidiary, Ault Energy, Successfully Complete Drilling Project in Holmes County, Mississippi
BitNile Holdings, Inc. (NILE)
US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=177247&p=irol-sec_pf
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Source: Business Wire
This Is the First Project to Be Drilled by the Previously Announced Partnership Between White River and Ault EnergyThe Partnership Plans to Jointly Drill Approximately 100 Oil Wells Over the Next 5 Years LAS VEGAS & FAYETTEVILLE, Ark.--(BUSINESS WIRE)--BitNile Holdings, Inc. (“BitNile”) (NYSE American: NILE) and White River Energy Corp (“White River”) (OTC: FRTM), today announced that Ault Energy, LLC (“Ault Energy”), a wholly owned subsidiary of BitNile, and White River Operating LLC (“WR Ops”), a wholly owned subsidiary of White River, have successfully completed drilling a 9,531 foot well, the Harry O’Neal 20-9 No. 1 (the “O’Neal No. 1 Well”), on White River’s oil and gas mineral lease in Holmes County, Mississippi. The O’Neal No. 1 Well was logged on Tuesday, October 4, 2022, by an independent Fortune 500 oilfield services company and had productive oil results across multiple pay-zones in the Smackover formation.WR Ops has commenced the completion process on the O’Neal No. 1 W
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