Oncolin Therapeutics, Inc.

Oncolin Announces It Has Identified a New Prospect with over 1,000,000 Barrels of Potential Oil Reserves

Published in Drug Law Weekly, March 24th, 2009

Oncolin (OTCBB:OCOL) announces that it has identified a new prospect located in Louisiana with over 1,000,000 barrels of potential oil reserves. This prospect area has twenty-three wells that were previously drilled and consists of approximately 600 acres. Oncolin will initially evaluate the viability of re-entering the existing well bores which is traditionally much less than drilling new wells.

This prospect is in line with the company’s new focus of developing existing well bores and re-entering wells behind existing pipe to produce oil and gas. This allows the company to reduce costs and generate substantial higher investment returns and also minimizes the risks and...

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Source: Drug Law Weekly (2009-03-24)

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