AUSTIN, TX--(Marketwire - Mar 29, 2012) - Riverdale Oil and Gas Corporation (PINKSHEETS: [ RVDO ]) reports that it had an extremely positive year in 2011 compared to 2010, reflecting the Company's direction through increasing its asset base, using the latest technologies and controlling its corporate expenses.

RVDO, in its OTC Annual Report, posted a 60% increase in Total Revenues and a 70% increase in Gross Profits from December 31, 2010 to December 31, 2011.The Company went from a Loss of $(16,272.24) in 2010 to a Net Profit of $42,819.00 in 2011. The Total Stockholders' Equity increased from $(25,758.94) in 2010 to $17,060.00 in 2011.

Currently, the Company owns various interests in new oil and gas wells that are in completion stages and are being drilled. RVDO is also acquiring an interest in a three (3) well development drilling program, on a carried interest basis, where the development costs are borne by outside funding, that was identified utilizing state-of-the-art 3D seismic. That program is scheduled to begin development during the middle to the end of May 2012.

RVDO has and will continue to acquire selected percentages of interests in numerous projects that are determined to be low risk with high reward potential, by the careful evaluations of the data from these advanced technologies. Through this conservative approach, RVDO has been successful in mitigating risk while developing a solid asset base on which to build for its future activities.