The primary target pay zone is the Fry Sand at approximately 1,200ft and Adino owns 100% of the working interest (87.5% net revenue interest) in the James Leonard lease.

Adino CEO Timothy Byrd Sr said that both the James Leonard and Felix Brandt leases have significant upside potential through development drilling.

Adino is focused on mature oilfield assets with significant redevelopment, workover and enhanced oil recovery potential.

The company also owns a fuel terminal operation in the Houston, Texas area.