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Saturday, July 24, 2021

Swift Runner VBHI (Verde Bio Holdings) Surges Higher as Co Accelerates Aggressive Oil & Gas Acquisition Spree

Verde Bio Holdings, Inc. (OTC: VBHI) is making a powerful move up the charts in recent days quickly emerging as a volume leader in small caps as the Company announces a number of revenue producing oil acquisitions in Texas, Luisiana and Virginia. On Thursday alone VBHI traded over $10 million in dollar volume and rocketed up the charts over 300% as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no fundamentals compared to VBHI.  

VBHI has been on a serious acquisition spree recently reporting it closed on a revenue producing overriding royalty interests held by a private seller for a purchase price of $150,000 in cash that produces approximately $3,000 per month. The acreage position covers approximately 1,280 net surface acres across Adams County, Colorado. This follows the recent closing of a Multi-State portfolio of both oil and natural gas assets. This acquisition includes mineral and royalty interests in prolific areas such as the Permian Basin of Texas, Haynesville Shale of Louisiana, Powder River Basin of Wyoming and Anadarko Basin of Oklahoma with ~300 wells producing. Operators of the properties include Apache, SEM Operating, Indigo Natural Resources and others. VBHI also acquired mineral and royalty interests in the Eagleford Shale of Texas and the Anadarko Basin of Oklahoma with ~25 wells producing. Operators of the properties include Hawkwood Energy and Sandridge Energy. Scott Cox, CEO of Verde states: “Our work to date has identified multiple assets in our target areas and we are now moving towards continuing to raise significant capital through its current Qualified Reg A+ and to deploy the capital, with a goal of acquiring $3-$5 million in deals over the next 12 months. 2021 will be a very exciting year for Verde and we look forward to a strong news flow as we advance and acquire these assets and roll them into our portfolio.” 

Verde Bio Holdings, Inc. (OTC: VBHI), is a growing U.S. Energy Company based in Frisco, Texas, engaged in the acquisition of Mineral and Royalty interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the U.S. The Company’s dual-focused growth strategy relies primarily on leveraging management’s expertise to grow through the strategic acquisition of revenue producing royalty interest and strategic and opportunistic non-operated working interests. 

VBHI has been on a serious acquisition spree recently. In a corporate update the Company stated it has begun to execute on its business strategy by qualifying the sale of its shares pursuant to a Reg A+ offering and raising capital and using that capital to begin accumulating a portfolio of revenue producing oil and gas minerals and royalties through acquisitions by stock, cash or a combination. To date, the Company has made acquisitions of two diverse asset portfolios and is working on closing the acquisition of additional assets, including two portfolios described below.  

Acquisition #1: (Acquired 7/2020) Multi-State portfolio of both oil and natural gas assets. This acquisition includes mineral and royalty interests in prolific areas such as the Permian Basin of Texas, Haynesville Shale of Louisiana, Powder River Basin of Wyoming and Anadarko Basin of Oklahoma with ~300 wells producing. Operators of the properties include Apache, SEM Operating, Indigo Natural Resources and others. Currently, the Company is now in pay status on all properties and receiving monthly revenue. The Company has received new drilling activity notices on multiple properties in this portfolio and expects new wells to be drilled and brought online soon thus increasing the monthly revenues. 

Acquisition #2: (Acquired 1/2021) Multi-State portfolio of both oil and natural gas assets. This acquisition includes mineral and royalty interests in the Eagleford Shale of Texas and the Anadarko Basin of Oklahoma with ~25 wells producing. Operators of the properties include Hawkwood Energy and Sandridge Energy. The Company has completed the acquisition and is in pay status and receiving monthly revenue.  

Investor sentiment on VBHI is very high:

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Acquisition #3: (Under Contract) Haynesville Shale Mineral Interest. This property is located in Desoto and Sabine Parish of Louisiana with six wells producing and is operated by Indigo Natural Resources. This property is a good complement to our other assets in the Haynesville Shale. The Company believes natural gas assets are an important part of a well-balanced portfolio. The Company expects the acquisition to close shortly and to receive first revenues in April. 

Acquisition #4: (Under Contract) Marcellus Shale Mineral Interest. This property is located in Ohio County, West Virginia with three wells currently producing and is operated by Southwestern Energy. This asset is located in a good, active area of the Marcellus Shale and the area has well established infrastructure to move the produced gas and liquids to market. The Company believes strong natural gas producing assets such as this are key to building a well-balanced portfolio. The acquisition is expected to close shortly and that first revenues will be received in April.  

On March 9 VBHI reported it has closed on the acquisition of revenue producing overriding royalty interests (“ORRI”) held by a private seller for a purchase price of $150,000 in cash. The interest acquired by Verde currently produces approximately $3,000 per month in revenue and Verde is entitled to the cash flow from production attributable to the acquisition beginning on or after March 1, 2021. The acreage position covers approximately 1,280 net surface acres across Adams County, Colorado and is operated by Providence Energy Corporation. The royalty applies to existing production from seven wells and future development across the acreage. The transaction represents Verde’s first acquisition in the DJ Basin. 

Scott Cox, CEO of Verde, states: “Over the last year Verde has built a foundation to take advantage of the amazing acquisition opportunity that has developed over the past six months for our strategy. Guided by our strong management team and deal flow network, we have successfully been able to raise capital and have begun to accumulate a portfolio of revenue producing properties and solid pipeline of deals to acquire for quite some time. Our work to date has identified multiple assets in our target areas and we are now moving towards continuing to raise significant capital through its current Qualified Reg A+ and to deploy the capital, with a goal of acquiring $3-$5 million in deals over the next 12 months. 2021 will be a very exciting year for Verde and we look forward to a strong news flow as we advance and acquire these assets and roll them into our portfolio.” 

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Verde Bio Holdings, Inc. (OTC: VBHI) is making a powerful move up the charts in recent days quickly emerging as a volume leader in small caps as the Company announces a number of revenue producing oil acquisitions in Texas, Luisiana and Virginia. On Thursday alone VBHI traded over $10 million in dollar volume and rocketed up the charts over 300% as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no fundamentals compared to VBHI. VBHI has been on a serious acquisition spree recently reporting it closed on a revenue producing overriding royalty interests held by a private seller for a purchase price of $150,000 in cash that produces approximately $3,000 per month. The acreage position covers approximately 1,280 net surface acres across Adams County, Colorado. This follows the recent closing of a Multi-State portfolio of both oil and natural gas assets. This acquisition includes mineral and royalty interests in prolific areas such as the Permian Basin of Texas, Haynesville Shale of Louisiana, Powder River Basin of Wyoming and Anadarko Basin of Oklahoma with ~300 wells producing. Operators of the properties include Apache, SEM Operating, Indigo Natural Resources and others. VBHI also acquired mineral and royalty interests in the Eagleford Shale of Texas and the Anadarko Basin of Oklahoma with ~25 wells producing. Operators of the properties include Hawkwood Energy and Sandridge Energy. Scott Cox, CEO of Verde states: “Our work to date has identified multiple assets in our target areas and we are now moving towards continuing to raise significant capital through its current Qualified Reg A+ and to deploy the capital, with a goal of acquiring $3-$5 million in deals over the next 12 months. 2021 will be a very exciting year for Verde and we look forward to a strong news flow as we advance and acquire these assets and roll them into our portfolio.”  We will be updating on VBHI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VBHI.

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Disclosure: we hold no position in VBHI either long or short and we have not been compensated for this article.

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