Producing Oil well Investments

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Houston, Texas -- (BUSINESS WIRE) -- Consolidated Oil & Gas, Inc. (Stock Symbol: CSLGE), a publicly traded Energy and Exploration Oil & Natural Gas company, is pleased to announce they have entered into a contract to purchase existing oil production in the Taylor-Ina Field in Medina County, Texas.

Existing production ranges from 240 to 270 barrels per month from approximately 14 well bores.

Consolidated plans to use secondary recovery technology (nitrogen, steam or some other method of enhanced oil recovery) which if effective could increase production to 1,000 plus barrels per month.

This lease is approximately 110 acres with estimated recoverable reserves at approximately 210,000 barrels from the present producing zone. Furthermore, the Olmos zone at 950 feet has the potential for additional reserves once studies are complete.

About Consolidated Oil and Gas:
Consolidated Oil and Gas, Inc. is a US based company engaged in the exploration and production of onshore domestic oil and natural gas properties. The company's exploration and production activities are focused primarily in Texas. Their mission is to apply strong technical expertise to unlock substantial oil and gas resources in areas where production can be achieved quickly and efficiently.