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Grid Petroleum Corp (GRPR)

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Last Post: 10/30/2014 5:10:35 PM - Followers: 356 - Board type: Free - Posts Today: 7

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
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Wiki
GRPR News: Current Report Filing (8-k) 10/17/2014 01:29:42 PM
GRPR News: Annual Report (10-k) 07/15/2014 05:14:34 PM
GRPR News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 06/30/2014 01:12:31 PM
GRPR News: Grid Petroleum Corp Enters Into Strategic Funding Agreement 06/30/2014 09:20:00 AM
PostSubject
#34054  Sticky Note "Accredited investors" are stepping up to invest in Quinquagintilliard 08/26/14 03:07:39 PM
#34864   Thanks, Coho......fingers crossed we drill soon enough. With Civicbird 10/30/14 05:10:35 PM
#34863   Hey Civic I still think we are golden Coho20 10/30/14 04:50:39 PM
#34862   Love it excellent summary and totally agree with Coho20 10/30/14 04:45:16 PM
#34861   Would also like to see the maximum P/E Civicbird 10/30/14 03:47:38 PM
#34860   Do you think old share highs are a Civicbird 10/30/14 12:43:11 PM
#34859   GRPR RSI 30 10/30/14 12:33:46 PM
#34858   If all or some of the wells come Civicbird 10/30/14 11:43:37 AM
#34857   Very quiet here lately......hope that changes dramatically soon. Civicbird 10/29/14 01:08:52 PM
#34856   Do you still share the same beliefs as Civicbird 10/28/14 12:14:24 PM
#34855   I just hope they have the permit in Civicbird 10/28/14 11:51:36 AM
#34854   Ya know...waiting is tiring, I know....I'm exhausted! bucks2pennies 10/28/14 10:19:43 AM
#34853   Bucks.....I hope this scenario still unfolds for us. Civicbird 10/27/14 09:26:20 PM
#34852   They will probably start drilling tomorrow. And Guynms26 10/27/14 06:33:28 PM
#34851   How long do you think this process will Civicbird 10/27/14 11:31:28 AM
#34849   Also, Kreyenhagen is supposed to be among the Civicbird 10/24/14 07:56:09 PM
#34848   Upon approval, I'd love to see our PPS Civicbird 10/23/14 05:16:24 PM
#34847   Also, I believe their leases cover 1100 acres Civicbird 10/23/14 01:22:55 PM
#34846   I wonder how long this "lizard study" will Civicbird 10/23/14 10:28:31 AM
#34845   But looks like they're still waiting to hear BrassDrummer 10/23/14 09:42:53 AM
#34844   Can't see the future but I sure can Guynms26 10/23/14 09:30:30 AM
#34843   No bubble bursting here this is just a Coho20 10/23/14 09:18:49 AM
#34842   Still hoping for this attitude and scenario as Civicbird 10/23/14 08:19:57 AM
#34841   People don't like when you burst their bubble. Nistel 10/23/14 02:48:26 AM
#34840   I'm stuck with 9 million shares minus the Guynms26 10/22/14 10:27:51 PM
#34839   I hope they are proven wrong--very wrong--with GRID Civicbird 10/22/14 06:39:42 PM
#34838   Agree. Coho20 10/22/14 06:02:51 PM
#34837   Hey Civic I have lost my fair share Coho20 10/22/14 05:59:48 PM
#34835   Do you still believe the permit/drilling will come Civicbird 10/22/14 05:51:14 PM
#34834   The MM's are certainly keeping this down in Civicbird 10/22/14 05:33:11 PM
#34833   This stock certainly has its share of naysayers, Civicbird 10/22/14 05:31:26 PM
#34832   I dont see anything. Im still in this oilin07 10/22/14 05:29:50 PM
#34831   Oilin.....do you still see the permit coming to Civicbird 10/22/14 05:23:59 PM
#34830   Once 2015 is underway, do you see this Civicbird 10/22/14 05:22:56 PM
#34829   Yes oilin07 10/22/14 04:35:17 PM
#34828   When the games this low its the best Yukon 10/22/14 04:18:37 PM
#34827   They are all scams it's just that some oilin07 10/22/14 04:08:23 PM
#34826   As Nistel answered, I've been doing MY DD Guynms26 10/22/14 03:59:04 PM
#34825   amen to that samal 10/22/14 12:16:16 PM
#34824   I don't see anything that a SCAM company Nistel 10/22/14 11:11:22 AM
#34823   all this BS about a so called company samal 10/22/14 11:07:18 AM
#34822   Let's say you do your own DD after Coho20 10/22/14 10:56:35 AM
#34821   Let's say I'm a new potential investor looking Guynms26 10/22/14 10:02:54 AM
#34820   Conservatively speaking, I wonder how high we can Civicbird 10/21/14 11:54:01 PM
#34819   I wonder if 3000 barrels a day is Civicbird 10/21/14 04:29:03 PM
#34818   I would be happy with even the most Coho20 10/21/14 02:33:34 PM
#34817   If we do strike oil, I wonder how Civicbird 10/21/14 04:45:15 AM
#34816   You as well, Coho. I want to know Civicbird 10/20/14 11:40:39 PM
#34815   Until I hear otherwise I will assume drill Coho20 10/20/14 11:32:44 PM
#34814   Still hope this scenario pans out for us, Coho. Civicbird 10/20/14 09:55:44 PM
#34813   Would love to see the volume back in Civicbird 10/20/14 05:51:25 PM
PostSubject