Adino Reaches Terminal Depth at James Leonard Well

Adino has reached terminal depth in the James Leonard Well #2 at 1,262 feet. An open hole log was performed which identified several potential pay zones including the Breneke, Fry and Jennings sands. Adino owns 100% of the working interest (86.5% net revenue interest) in the James Leonard lease.

Management expects to complete the well this week and begin testing, with results expected the week of May 23, 2011.

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