White river energy and bitnile holdings' subsidiary, ault energy, announce results from recently completed drilling project in holmes county, ms

Las vegas & fayetteville, ark.--( business wire )--bitnile holdings, inc. (“bitnile”) (nyse american: nile) and white river energy corp (“white river”) (otcqb: wtrv), today announced that the successful drilling project by ault energy, llc (“ault energy”), a wholly owned subsidiary of bitnile, and white river operating llc (“wro”), a wholly owned subsidiary of white river, has begun producing at a rate of 78 flowing barrels of oil per day (“bopd”). the harry o'neal 20-9 no. 1 (the “o'neal no. 1 well”) is currently producing from the smackover formation.
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