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Grid Petroleum Corp (GRPR)

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Last Post: 6/29/2015 6:53:54 PM - Followers: 338 - Board type: Free - Posts Today: 0

Symbol: GRPR
IR: 1.702.751.3889
ir@gridpetroleum.com

 


Company Information


Grid Petroleum Corp is an American oil & gas company focused on the acquisition, exploration and development of oil and gas properties in North America.

 

The company has approximately 4000 acres or 6.40 sections in leases in the Kreyenhagen Trend acreage in the California shale play of the San Joaquin Basin.  The acreage located in Kings and Fresno counties in the San Joaquin Valley was purchased on January 20, 2011 through its subsidiary Joaquin Basin Resources Inc.

Grid Petroleum has entered into the final documentation stage of negotiations with the leaseholders of two thousand acres of land in Duval County, Texas for the purpose of Oil and Gas development and exploration.





Company Press Releases:




Grid Petroleum Corp Finalizes Asset Exchange of Kreyenhagen Ranch Interests.

DENVER, CO, Dec 12, 2013 (eTeligis.com via COMTEX) Grid Petroleum Corp. (OTCBB: GRPR): The Board of Directors are pleased to announce that Grid Petroleum has entered into an agreement with its joint venture partner Solimar Energy Limited for the exchange of working interests in certain jointly held Kreyenhagen Ranch Prospects.

The company previously held a 16% interest of several leases jointly with Solimar Energy Limited comprising approximately 5000 acres. The exchange allows for Grid Petroleum to increase its interest in certain leases to 84 % of approximately 1100 acres in the Kreyenhagen Trend with Operatorship, while releasing the company's 16% interest in certain other leases in the Kreyenhagen ranch.

"This is a significant step forward for the company's development of its California holdings" states company President James Powell. "The company is now in a position to move forward without any further delays due to our joint venture partner's development schedules."

The company is previously announced that it has achieved its Operators Number for the State of California. Operator Number G3570

The company plans to immediately begin the mapping planning and drill site selection process for the development of these leaseholds upon completion of the transfer of interests has been recorded. The company will be the Operator of these lease holdings.

Upon completion of the planning process the company will then be making Drilling Permit applications for its first development well.



 

Grid Petroleum Corp Provides Texas Update

Grid Petroleum Achieves California Operator Permit

DENVER, CO, Nov 19, 2013 (eTeligis.com via COMTEX) Grid Petroleum Corp. (OTCQB: GRPR): The Board of Directors are pleased to announcing that Grid Petroleum has entered into the final documentation stage of negotiations with the leaseholders of two thousand acres of land in Duval County, Texas for the purpose of Oil and Gas development and exploration.

The company previously announced a significantly shorter time frame for the contracting of this lease hold however due to the number of individual leasehold owners involved the process has proven to be timelier.

The company has final documentation out for signatures at this time and expects that completion will be achieved in the near future.

The company plans to immediately begin the mapping planning and drill site selection process for the development of the leasehold upon completion of documentation. The company will be the Operator of this leasehold

The primary target production zones in Duval County are the Frio, Hockley, Wilcox and Yegua sands with deeper production from the Eagle Ford and Jackson shale formations.

California Update:

The company is pleased to announce that it has achieved its Operators Permit for the State of California. Operator number G3570

The company is completing negotiations with its joint venture partner regarding the company achieving operator status of certain joint holdings in order to expedite leasehold development schedules.

The company expects to provide a complete update and timelines for its California holdings upon completion of negotiations.



 

Grid Petroleum Corp Negotiates Eagle Ford Leasehold.

Grid Petroleum Corp. (OTCBB: GRPR), (OTCQB: GRPR):: The Board of Directors are pleased to announcing that Grid Petroleum has entered into negotiations with the leaseholders of approximately two thousand acres of land in Duval County, Texas for the purpose of exploration and Oil and Gas development.

 

The company anticipates it will have the lease acreage under contract with the next thirty days with plans to immediately begin the mapping, planning, and drill site selection process for the development of the leasehold. The company will be the Operator of this acreage.

 

Primary target production zones in Duval County are the Frio, Hockley, Wilcox and Yegua Sands with deeper production from the Eagle Ford and Jackson Shale formations.

 

The Eagle Ford formation is the most prolific with a record setting well recently drilled by EOG, which has published details of the well with the Texas RRC. The well completion report indicates the EOG Burrow Unit 5h well initially came online at more than 9,200 boe/d and was reported still producing over 4,200 boe/d after 30 days. The EOG Burrows 5h well was drilled to a total depth of 17,364 ft. with a single horizontal lateral of 5300 ft.

 

California Update:

 

The Companys recent acquisition of the Jacalitos Prospect is in the initial planning stages of development. Discussions are currently in process with the Joint Venture partner for the Company to take on the position of Operator for both the Jacalitos Prospect and the Kreyenhagen Trend acreage. The Company had previously reported that it was in the process of applying for an Operators permit for the State of California, upon achieving the Operators permit and the successful negotiations for operator status with the Joint Venture partner, the company will then provide a timeline for its planned drilling and developmental activities.

 

The Jacalitos Prospect is located in the San Joaquin Basin, South of Coalinga, East and South East of the 22,000,000 bbl Jacalitos Nose oil field.

 

The Kreyenhagen Trend acreage also located in the San Joaquin Basin in Southern California having the target zones of the Kreyenhagen and Monterey Shale formations.

 

Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.

 



 

Grid Petroleum Completes Application for California Oil and Gas Operator Permit

Grid Petroleum Corp. (OTCBB: GRPR) (OTCQB: GRPR) (the Company), is pleased to announce that it has initiated the application process to achieve Oil and Gas Operator Status with the State of California.

 

The Company has determined from its ventures in Texas with the North West Premont investment that the ability for the company to move forward on any future exploration drilling or field development, the Company must be in the position of Operator.

 

Upon achieving Operator status in the State of California, the Company will be immediately moving to establish with its current joint venture partners, the necessary changes to allow the company to begin the development of the Kreyenhagen Trend acreage.

 

The Company will provide an update regarding all of the Companys assets and future development plans upon receipt of the Operators Permit.

 

Additionally the Company is equally encouraged about its current discussions with other leaseholders in the area surrounding the newly acquired Jacalitos Prospect to obtain further acreage for exploration and development. The Jacalitos Prospect that the Company is set to participate in is strategically located in a current field of production giving added value to the leases because of the known zones and the potential of commercial production.

 

On July 31, 2013, Grid Petroleum Corp., (the Company), entered into a Project Purchase Agreement (the Purchase Agreement) with Xploration, Inc., a Nevada corporation (Xploration) to acquire a twenty five percent (25%) working interest (WI) and a fourteen percent (14%) net royalty interest (NRI) in five hundred sixteen (516) acres in the Coalinga California area identified as the Jacolitos Project. Xploration will keep a 2% NRI.

 

The Jacalitos Prospect is located In the San Joaquin Basin, South of Coalinga, East and South East of the 22,000,000 bbl Jacalitos Nose oil field

 


 

Grid Petroleum Completes Purchase of Interest in Jacalitos Prospect

Grid Petroleum Corp. (OTCBB: GRPR) (OTCQB: GRPR) (the Company), is pleased to announce that Grid Petroleum has completed the purchase of a 25% working Interest and a 14.0% Net Revenue Interest of 516 acres of the Jacalitos Prospect.

 

On July 31, 2013, Grid Petroleum Corp. entered into a Project Purchase Agreement (the Purchase Agreement) with Xploration, Inc., a Nevada corporation (Xploration) to acquire a twenty five percent (25%) working interest (WI) and a fourteen percent (14%) net royalty interest (NRI) in five hundred sixteen (516) acres in the Coalinga California area identified as the Jacolitos Project. Xploration will keep a 2% NRI.

 

Pursuant to the terms and conditions of the Purchase Agreement, the Company, shall acquire the Jacolitos Project Property through a purchase agreement that reserves an net royalty interest of 2% for Xploration, for a total purchase price of One Hundred Thousand Dollars ($100,000) (the Purchase Price). The Purchase Price for the 25% WI and the 14% NRI in the Jacolitos Project is one preferred share of preferred stock having a value of $100,000 converting at par value, 0.001, per common share (the Preferred Share). The Xploration will be able to vote the underlying common stock without conversion. Xploration will not be able to convert more than 9.9% of the Companys issued and outstanding shares. The Preferred Share will be issued upon the demand of Xploration.

 

August 2, 2013 the company increased the authorized share capital of the company from One billion five hundred thousand shares authorized to Two billion five hundred thousand shares authorized, Par value $.001.

 

The purpose for the increase in authorized capital is to allow the company to enter into the afore mentioned acquisition agreement and to seek further financing in the near future. The company currently has issued 702,730,835 shares as of July 18, 2013.

 

Due to contractual obligations from previous financings the companys transfer agent is required to maintain a common share reserve of 800,000,000 shares and required an increase in the authorized share capital of the company in order to contractually comply.

 

There company is continuing to seek financing in compliance with Rule 144, Regulation D, without immediate dilution of the common share capital of Company.

 

The Jacalitos Prospect is located In the San Joaquin Basin, South of Coalinga, East and South East of the 22,000,000 bbl Jacalitos Nose oil field

 

Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.


 

Grid Petroleum Enters into Letter of Intent for the Acquisition of Interest in Jacalitos Prospect

Grid Petroleum Corp. (OTCQB: GRPR): The Company is pleased to announce that Grid Petroleum has entered into a letter of intent for the acquisition of a 25% working interest and a 16.5% net revenue interest of 516 acres of the Jacalitos Prospect.

 

The Jacalitos Prospect is located in the San Joaquin Basin, south of Coalinga, east and south East of the 22,000,000 bbl Jacalitos Nose oil field.

 

This area has been the subject of renewed activity for exploration and development with indications that the Temblor Sandstone oil reservoir at target depths between 3,500 and 4,500 ft.

 

The Prospect also has the potential for deeper fractured shale reservoirs.

 

The company is now focusing its energies on the California area assets currently in place with the intent of expanding its operations in the central California landscape, stated company President James Powell. The opportunities that the current and future leases represent make the exploration and development of these assets a necessity.

 

The company is diligently pursuing the development and control of all of its future exploration and drilling business.

 

Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.


 


 



 


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Kreyenhagen Trend


Kreyenhagen Trend acreage in the California shale play of the San Joaquin Basin is different than other unconventional oil plays like the Bakken and Eagle Ford oil plays; these unconventional shale zones, Kreyenhagen and Monterey, lay beneath long-established multi-billion barrel conventional oil discoveries, these source rocks are heavily fractured by regional tectonics, creating thick shale sections spanning 500-3500ft, which are accessible by vertical wells.

Steep anticline structures eliminate the need for costly fracturing necessary in other tight shale's. The favorable result is a more profitable decline profile - lower initial production rates, but much slower decline.


 

Additional Kreyenhagen Reading:

http://www.valleyair.org/Board_meetings/GB/agenda_minutes/Agenda/2013/May/StudySession/i9-FinalGBItemHydraulicFracturing050213.pdf


http://www.solimarenergy.com.au/documents/Corporate_Presentation_March_2013.pdf


http://www.solimarenergy.com.au/documents/120321_Excellence_in_Oil_and_Gas_Conference_Presentation.pdf


http://www.oilvoice.com/n/Oil_shale_activity_escalating_around_Solimars_Kreyenhagen_project/35567751744f.aspx#gsc.tab=0


http://pubs.usgs.gov/pp/pp1713/11/pp1713_ch11.pdf


http://pubs.usgs.gov/pp/pp1713/19/pp1713_ch19.pdf


http://www.zodiacexploration.ca/upload/media_element/10/07/kreyenhagen-at-kettleman-city_final-for-website.pdf



 

Pictures of the Kreyenhagen Trend Acreage:

PowerPoint 1 19.8 Mb
PowerPoint 2
 8.4 Mb



Local Area Occidental Petroleum Corp Reports:


OXY Report 1 - PDF
OXY Report 2 - PDF


 


 

Rimi Investment Report -May 2011

The Cohen Research Report - UPDATE

The Cohen Research Report

 

 

 

 

 

 

 

 

 




 

 


 


           A/S 7,500,000,000  March 6, 2014

                                                                                                  O/S 2,840,000,000,  As Of  2014

 

 

 


 

 

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GRPR News: Current Report Filing (8-k) 06/01/2015 01:31:23 PM
GRPR News: Current Report Filing (8-k) 03/30/2015 02:57:25 PM
GRPR News: Quarterly Report (10-q) 02/17/2015 12:41:57 PM
PostSubject
#36103  Sticky Note Grid Petroleum Moves Forward with Permitting in California #1 Red Sox Fan 06/18/15 09:12:40 AM
#36364   .11 and more would be great this season Civicbird 06/29/15 06:53:54 PM
#36363   hope it happens here john6x 06/29/15 06:16:42 PM
#36362   The mining stock Coho mentioned had 11 billion Civicbird 06/29/15 05:50:32 PM
#36361   GRPR is holding steady in today's big red market. Trueheart 06/29/15 03:20:21 PM
#36360   I wrote that post in 2013 bro! Lol. tob999 06/29/15 02:47:30 PM
#36359   Tob......does this post still apply to GRPR if Civicbird 06/29/15 02:37:07 PM
#36356   Let's hope another Summer doesn't go wasted. Management Civicbird 06/29/15 01:34:30 PM
#36355   this season john6x 06/29/15 01:31:06 PM
#36354   This season or before the end of the year? Civicbird 06/29/15 01:27:54 PM
#36353   0.15 john6x 06/29/15 01:25:13 PM
#36352   To what heights if oil is drilled? Civicbird 06/29/15 01:22:26 PM
#36350   it going to go up what price we see john6x 06/29/15 11:06:50 AM
#36349   I really hope that phase is over with Civicbird 06/29/15 11:02:23 AM
#36348   last year they said they would be mapping john6x 06/29/15 10:21:11 AM
#36347   Do you think they can get to drilling Civicbird 06/29/15 10:18:51 AM
#36346   Coho, do you see drilling this Summer? I Civicbird 06/29/15 10:14:46 AM
#36345   there is a buy john6x 06/29/15 10:11:31 AM
#36343   Must be a spambot :-D Nistel 06/29/15 03:08:10 AM
#36342   In his post, it was old highs for Civicbird 06/28/15 10:09:19 PM
#36341   what was tobs john6x 06/28/15 08:57:52 PM
#36340   I wonder if tob's PPS scenario will come Civicbird 06/28/15 08:36:03 PM
#36339   most of us could retire john6x 06/28/15 08:19:13 PM
#36338   GRPR's share value was once $2.00 and $1.20? Civicbird 06/28/15 07:56:45 PM
#36337   Grid Petroleum Corp (GRPR) 06/28/2015 06:14:59 PM sealskin123 06/28/15 07:15:12 PM
#36336   And depending on recovery rate, I hope we Civicbird 06/28/15 06:14:59 PM
#36335   And hopefully at least .03, .05 a share Civicbird 06/28/15 05:57:04 PM
#36334   This will see .0003-.0005 just on permit pull news oilin07 06/28/15 05:48:18 PM
#36333   What range do you see if oil is Civicbird 06/28/15 03:28:30 PM
#36332   Why is there a drilling season in California? Coho20 06/28/15 11:09:02 AM
#36331   Certainly hoping for the most we can get, Civicbird 06/28/15 04:05:31 AM
#36330   I don't know about drilling in California at Trueheart 06/28/15 01:38:03 AM
#36329   If we produce oil it will go to Coho20 06/27/15 11:47:46 PM
#36328   Once drilling is implemented--hopefully this Summer--how high do Civicbird 06/27/15 10:31:26 PM
#36327   We need to get drilling this Summer. Then Civicbird 06/27/15 07:40:22 PM
#36326   yes john6x 06/27/15 05:18:40 PM
#36325   .10 or more would be great to see Civicbird 06/27/15 04:21:19 PM
#36324   to the moon john6x 06/27/15 03:11:20 PM
#36323   What kind of a run do you foresee Civicbird 06/27/15 02:33:42 PM
#36322   What is your ultimate goal with GRPR this year? Civicbird 06/27/15 02:26:47 PM
#36321   ok john6x 06/27/15 12:52:32 PM
#36320   Would love to see that range but I Civicbird 06/27/15 12:49:20 PM
#36319   recent old news http://finance.yahoo.com/news/grid-petroleum-enters-letter-inte john6x 06/27/15 10:00:09 AM
#36318   old news i found tob999 john6x 06/27/15 09:38:05 AM
#36317   more old news http://www.gridpetroleum.com/wp-content/uploads/2011/02/Final_Grid john6x 06/27/15 09:33:50 AM
#36316   here you said 4.00 pps john6x 06/27/15 09:29:21 AM
#36315   Old dd notes john6x 06/27/15 09:26:24 AM
#36314   see even you predicted a 1.00 back i john6x 06/27/15 09:22:28 AM
#36313   Old company news and price http://www.allpennystocks.com/aps_us/company_spotlights/archives/grpr.as john6x 06/27/15 09:03:34 AM
#36312   Do you think GRPR can soon follow that Civicbird 06/27/15 08:45:41 AM
#36311   No bid for now, but this will change Mk74 06/27/15 08:22:48 AM
PostSubject