Independence Energy Corp. (OTCBB, OTCQB: IDNG) has completed the acquisition of 100% interest in an oil and gas exploration land package in Coleman County, Texas.

The new Coleman South lease project covers an area of 1,400 acres, four miles southwest of Novice, Texas. The company thinks many of these formations remain under-exploited or untouched in key offset locations based on a previous geological review of the lease, according to the release.

Several potential high-priority exploration drill targets (vertical and horizontal) have previously been identified and will be considered for immediate ...