Riverdale Oil & Gas Corp. announced that drilling operations are scheduled to commence by the end of this week, on the first of a three well program. The net oil production reserves for the program are estimated at 637,500 Barrels and the net gas production reserves are estimated at 2,062,500 MCF. At a net price of oil at $70 per barrel and a net price of $2.25 per MCF, the net value before operating expense is estimated at $49,265,625. Riverdale has a carried 1% working interest in the Triple Play Program, which could contribute around $500,000 in asset value. The Triple Play Program includes three field development prospects, the Thomaston Prospect, Dewitt Co., Texas; the Sklar Prospect, Wharton Co., Texas; and, the Pickett Ridge Prospect, Wharton Co., Texas. The 3 wells will total approximately 13,500 feet of drilling. The Triple Play Program drilling activity is expected to be complete by the middle of August, 2012. Riverdale Oil and Gas Corporation is scheduled to soon begin receiving revenues from its recently discovered oil and gas interests in the Lampley #1R well in Lavaca Co., Texas and the Blue Wing Lee #1 well in Victoria Co., Texas.