Petro
River Oil | PTRC | Profile | Summary
Petro
is an emerging oil and gas producer focusing on assets in the
Southeast Kansas region of the Mississippi Lime. Petro owns
approximately 115,000 gross acres (85,000 net acres) with five
producing oil and gas wells, in which Petro owns a 50% working
interest and 40% net revenue interest.
Petro
River’s activities are focused on its oil properties in the
Mississippi Lime play in eastern Kansas. The Company has accumulated
close to 100,000 acres with an extensive inventory of low cost
drilling opportunities with potential for high returns. At current
commodity prices, Mississippi Lime wells are averaging a 80% rate of
return. Petro River Oil also has significant acreage and oil reserves
in Missouri.
Source:
Petro River, OxBridge Research, Daily Stock Deal, OTCking
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