Fidelity Fidelity SPDR Advertisement
Home > Boards > US Listed > Oil/Gas/Natural Energy Production >

Grid Petroleum Corp (GRPR)

GRPR RSS Feed
Add GRPR Price Alert      Hide Sticky   Hide Intro
Moderator: No Moderator oilin07, #1 Red Sox Fan
Search This Board:
Last Post: 9/2/2014 10:54:50 AM - Followers: 361 - Board type: Free - Posts Today: 5

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.


 


 



 


OTCQB Logo


COMPANY WEBSITE


FINANCIALS


MANAGEMENT


IR PAGE


QUOTE


NEWS



 



 
 


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

 

 

 


 

 

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
GRPR
Current Price
Volume:
Bid Ask Day's Range
Wiki
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
#34390   Nope. Like all of us, you will have bucks2pennies 09/02/14 10:54:50 AM
#34389   Do you know if the permit is in Civicbird 09/02/14 10:48:41 AM
#34388   No one knows until next PR/News. Lets hope #1 Red Sox Fan 09/02/14 09:17:23 AM
#34387   Have they even applied yet? BrassDrummer 09/02/14 09:08:17 AM
#34386   Is it a 50/50 split on the profits Civicbird 09/02/14 09:02:25 AM
#34385   Now that September is underway, I would like Civicbird 09/01/14 05:05:43 PM
#34384   It will the question is timing how long Coho20 09/01/14 04:16:54 PM
#34383   OS is not 2.8B. Check your facts. That Nistel 09/01/14 03:21:02 PM
#34382   I wonder what can happen to our share Civicbird 09/01/14 02:38:57 PM
#34381   I wonder how much oil Santa Rosa anticipates Civicbird 09/01/14 02:37:03 PM
#34380   Does earnings per share play a factor here Civicbird 09/01/14 02:04:22 PM
#34379   Santa Rosa believes there could be about 280 Coho20 09/01/14 01:49:58 PM
#34378   Yes the same chances as Enron getting reinstated. fingers 09/01/14 10:25:07 AM
#34377   What if GRID strikes oil? Civicbird 09/01/14 09:32:02 AM
#34376   Dude, that's TOTAL pipe dream. Anyone with ANY fingers 09/01/14 09:21:13 AM
#34375   Let us hope that KReyenhagen alone brings in Civicbird 09/01/14 09:20:15 AM
#34374   DENVER, CO, Jun 30, 2014 (Marketwired via COMTEX) The dead cat bouncer 08/31/14 11:49:55 PM
#34373   Oil Investments – Santa Rosa Resources The dead cat bouncer 08/31/14 11:46:19 PM
#34372   Fingers crossed--no pun intended--we see at least .05-.10 Civicbird 08/31/14 02:02:49 PM
#34371   I wonder how close we are to having Civicbird 08/31/14 01:58:44 PM
#34370   Reading the reports from 2010 my take is Coho20 08/31/14 01:45:07 PM
#34369   IMO this is going to be OUR next fingers 08/31/14 01:10:00 PM
#34368   Here is hoping that GRPR is our next Civicbird 08/30/14 10:51:52 PM
#34367   I've seen another go over .11 in a Coho20 08/30/14 09:16:45 PM
#34366   If we get days of 100 million volume Civicbird 08/30/14 03:50:22 PM
#34365   Also, I wonder what our PPS can do Civicbird 08/30/14 01:19:38 PM
#34364   If GRID is able to produce 2-3000 barrels Civicbird 08/29/14 08:05:27 PM
#34363   I am certainly hoping for a buyout as Civicbird 08/29/14 06:51:41 PM
#34362   Here is a link to ALON USA, an BrassDrummer 08/29/14 05:29:53 PM
#34361   It depends. If there is as much oil BrassDrummer 08/29/14 04:58:09 PM
#34360   Where did you get that info? BrassDrummer 08/29/14 04:55:24 PM
#34359   If a buyout transpires--with BP and Chevron in Civicbird 08/29/14 03:56:02 PM
#34358   I just hope we can get to the Civicbird 08/29/14 03:18:42 PM
#34357   10% of the Nations oil supply is located YouOnlyLiveOnce 08/29/14 02:47:10 PM
#34356   Many don't know the Kreyenhagen Trend Properties located YouOnlyLiveOnce 08/29/14 02:46:32 PM
#34355   Sidelines is not the place to be when YouOnlyLiveOnce 08/29/14 02:44:28 PM
#34354   Bid up to 88 mil! Time to move up! buffalo2222 08/29/14 02:07:33 PM
#34353   Plus, Think about it. $500 bucks in, Buyout BrassDrummer 08/29/14 02:00:17 PM
#34352   Yes, but hit big oil, and a company BrassDrummer 08/29/14 01:53:47 PM
#34351   Don't hold your breath. Any buy-out is bucks2pennies 08/29/14 01:42:53 PM
#34350   Just put in a 60 day sell for BrassDrummer 08/29/14 01:34:15 PM
#34349   I'm still waiting for my 20 Mil to BrassDrummer 08/29/14 01:31:14 PM
#34347   could a mod post some good/breaking/to the moon...news Yukon 08/29/14 12:22:48 PM
#34346   Penny range or bust: That's my hope here, Civicbird 08/29/14 12:11:06 PM
#34345   I would hope a buyout is imminent here, Civicbird 08/29/14 11:09:07 AM
#34344   Right Next to Chevron and BP Grid Petroleum's YouOnlyLiveOnce 08/29/14 11:06:23 AM
#34343   That's my thinking as well......that after the first Civicbird 08/29/14 10:38:33 AM
#34342   OH there is oil that is not the Coho20 08/29/14 10:34:49 AM
#34341   Toss in the same amount to our volume, Civicbird 08/29/14 10:34:06 AM
#34340   history does not back your claim samal 08/29/14 10:28:30 AM
PostSubject