Drayton Richdale Corp. Subsidiary PetroStrata Corp. Executes Joint Venture Agreement to Construct & Operate Shale Oil Extraction

   Drayton Richdale Corporation (PINKSHEETS: DRYN) wholly owned subsidiary, PetroStrata Corporation, executed a joint venture agreement with a major coal producer forming the CEMA Energy Group to build and operate a Shale Oil Extraction Plant near Rock Springs, Wyoming, and a Coal Oil Extraction Facility in Illinois. PetroStrata will utilize its proprietary and environmentally conscientious PetroMicronic Reactor™ at both locations to extract crude oil and coal oil, respectively. Combined development cost of both plants is $60 Million. The completed plant in Rock Springs is expected to produce 4800 bbl/day of crude oil. At $82/bbl, the plant is expected to generate over $81 million of annual net revenues. The Illinois facility is projected to produce 5700 bbl/day of coal oil with annual net revenues over $107 million. The extraction plants are scheduled to be operating at full capacity within 24-30 months from ground breaking. The contractual supply of coal/ore inventory and hard assets prior to and after the joint venture has increased the Drayton Richdale Corp. net worth to exceed $320 million.

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For information call: Dayna Howell Drayton Richdale Corporation 888/ 303-2806 702/ 726-2152 e-mail: Email Contact