Keep an eye on this puppy: DDRI

[dan_s]

I have known Paul Laird for years and I helped him get NRG off the ground. They will focus on the DJ Basin / Niobrara where his team has decades of experience. It is all about the team with these small-caps. I own shares in DDRI already. - Dan

LITTLETON, Colo.--(BUSINESS WIRE)-- On November 21, 2013, Diversified Resources, Inc. acquired of all the outstanding shares of Natural Resources Group, Inc. (NRG), a privately held oil and gas exploration and production company with operations in the D-J Basin and the Raton Basin of Colorado.

Diversified Resources (OTCQB: DDRI) issued 14,558,150 shares of common stock to the NRG shareholders, retired 2,680,033 shares, leaving a total of 17,128,117 shares outstanding after the transaction. NRG will operate as a wholly owned subsidiary of Diversified going forward.

Paul Laird, the newly appointed CEO of Diversified commented: “We are very excited to be a public entity and want to thank all our shareholders for their patience during this process. We look forward to growing our company by developing our Colorado assets and expanding our base to include other opportunities that have or will present themselves in the energy business going forward. We have a very capable board of directors and a dedicated staff.”

ABOUT DIVERSIFIED RESOURCES, INC.

Diversified is a Colorado-based energy company focused on the development of its D-J Basin and Raton Basin assets. Those assets include leases in Weld, Adams, Broomfield and Las Animas Counties, Colorado.