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Petro River Oil, PTRC, Profile, Summary

 

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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