JBH Consulting Group Enters Into Agreement With Palomino Petroleum

KANSAS CITY, Mo., May 27, 2011 /PRNewswire/ -- JBH Consulting Group, LLC. has entered into an agreement  with Palomino Petroleum, Inc. to begin a development program in West Central Kansas that will target potential reserves of 50,000-100,000 Barrels of oil per well.  JBH will contribute up to 100% of the initial development capital. Palomino Petroleum will develop the project and remain the operator of the properties.

"We are extremely pleased to be working with Palomino Petroleum as our contracted operator in our projects in West Central Kansas," said Brian Hudnall, President of JBH Consulting Group. "We believe that there is tremendous opportunity in Western Kansas. We are looking forward to working closely with the Palomino team and ultimately building a large income stream and profits for both our clients and our company."

About JBH Consulting Group, LLC.

JBH Consulting Group is an independent oil and gas capital firm based in Kansas City, Missouri. Incorporated in Missouri in 2007, JBH Consulting Group is actively involved in working with top operators in developmental drilling in both Kansas and Texas. JBH is focused on opportunities that make economical sense for its investors while trying to minimize its risk.

More information on JBH Consulting Group and its operations can be found on its website:
www.jbhconsultinggroup.com

Forward-Looking Statements

This press release contains forward-looking statements regarding the agreement with JBH Consulting Group and the respective operations of Palomino Petroleum and JBH Consulting Group. Such statements involve risks and uncertainties, including, but not limited to: any benefits to Palomino Petroleum from the JBH Consulting Group Agreement; results of the exploratory drilling program; ability of the agreement to enhance investor's value for any of the companies; the continued production of oil and gas at historical rates; costs of operations; delays, and any other difficulties related to producing oil or gas; price of oil and gas; marketing and sales of produced minerals; risks and effects of legal and administrative proceedings and governmental regulation; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.

SOURCE JBH Consulting Group

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