November 19, 2009 (FinancialWire) — Adventure Energy, Inc. (OTCBB: ADVE), an energy exploration company with operations in the Appalachian Basin, said it has closed on the Asset Purchase agreement under which the company acquired a total of 30 previously drilled wells, eight producing wells, and 2000 acres of leaseholds in Kentucky.

The eight producing wells will undergo minor repairs and be placed back into production immediately, according to Adventure.

The company will initiate a progressive rework program on the remaining wells and will selectively place individual wells back into production over the next to three months. Florida-based Adventure Energy, Inc. is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company’s current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia.

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