News & Updates

Investor Update

As per our letter of Dec. 04, 2009: Prodo Energy Inc. this is a follow up-date.

We mentioned in the last letter: that we have working interest in the 54 oil wells, and we were proceeding on working with the first 11 wells which we have done, we have taken out the old rods and replaced them with new rods, put the pumping system in place along with new compressor system.. We have had the 11 wells pumping on and off for the last few weeks to get all water cleared out. These wells have not been worked since the 80’s.

In the last letter I stated that we didn’t seem to have much water, well I spoke too soon as we have found out we do. We hope with some work and treatment and perforating that will be resolved. The weather was working against us the last part of Dec and first part of January. They even had snow which is not normal. We thought we would have a more definitive response for this month but it looks as if that has been delay to February instead. We are still planning on proceeding with having 40 wells in operation in the future.

The operator also has come to the conclusion that the ideal depth for oil on some of these wells is about 900 ft, most of our wells have a depth of 2000ft..

Prodo Energy Inc. will continue in keeping you informed of its progress. We will forward you more information in the next few weeks. To ensure quick and open communication lines we wish to do so via the internet. It would be beneficial to all parties if we were able to have everyone’s email address. Please forward this information to our office.

Yours truly,
H. Andrews
Founder
info@prodoenergy.com