Richfield Oil & Gas completes reverse stock split

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Richfield Oil & Gas, a fledgling publicly held oil and gas exploration and production company based in Salt Lake City, said it has effected a 1 for 10 reverse stock split.

The split reduced the company's outstanding shares from 280 million to 28 million.

Richfield, which was organized in 2011, has applied for but has yet to be assigned a ticker symbol for its shares.

The company said it has land holding in Utah and Kansas.