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Petron Energy II Inc (PEII)

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Last Post: 10/20/2014 9:03:09 PM - Followers: 287 - Board type: Free - Posts Today: 0
Petron Energy II, Inc.

Petron Energy II, Inc.(PEII)
Company Website: http://petronenergyii.com/

(Contact Info)
17950 Preston Road
Suite 960
Dallas, TX 75252 

Call (972) 272-8190     Toll-free: (877) 373-8766     Fax: (972) 485-1324
http://petronenergyii.com/contact/


Share Structure:
(As Per Island Stock Transfer Agent Dated 09/18/2014)


OTCQB Logo

Outstanding Shares: 435,436,448
Authorized Shares: 2,000,000,000

Upcoming Events:

1-for-1500 Reverse Stock Split.
(http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10213728)

"New to the Street" airs Floyd L. Smith (PEII) T.V Interviews. (2014)
(http://www.marketwatch.com/story/update-new-to-the-street-locks-in-mondays-at-700am-on-ions-flagstaff-tv-station-wpxn-in-new-york-starting-october-20th-2014-09-23?reflink=MW_news_stmp)


Recent Radio Interviews With; Floyd L. Smith:
(Founder & CEO of Petron Energy)
 
http://www.blogtalkradio.com/moneyforlunch/2014/10/13/bert-martinez-speaks-with-floyd-smith-james-moss-and-jim-bernardi
http://www.blogtalkradio.com/moneyforlunch/2014/09/15/bert-martinez-speaks-with-chris-haddon-floyd-smith-and-guests
http://www.blogtalkradio.com/moneyforlunch/2014/08/25/bert-martinez-speaks-with-francis-jackson-floyd-smith-and-gary-watkins
http://www.blogtalkradio.com/moneyforlunch/2014/08/18/bert-martinez-talks-with-floyd-smith-derek-gregoire-and-guests
http://www.blogtalkradio.com/moneyforlunch/2014/07/31/bert-martinez-speaks-with-floyd-smith-adam-urbanski-and-guests



Recent Press Releases: 
(Be Aware Of DEF 14C)

DALLAS, TX--(PRweb – 10/3/14) – Petron Energy II, Inc. (“Petron II” or the “Company”) (OTCQB: PEII) Petron Energy II, Inc. reports on completion of Drilling Operations on its Gerner and Gerner Trust leases.

Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, the transportation of natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary.  The Company’s operations are based in the United States.
The Company announced in its August 28, 2014 press release that it would begin drilling operations on two wells during the month of September, one new well on its Gerner lease and a second on its Gerner Trust lease. 
This morning Petron Energy II, Inc. reported that it had completed all drilling operations on each of the new wells drilled on its Gerner and Gerner Trust leases respectively. The Company reports that each well was drilled offsetting wells previously drilled on both leases. During drilling operations, oil began to flow into the pits when drilling through the desired payzone for each well.
Floyd Smith, President and CEO of Petron Energy II, Inc. states, "We are very pleased with the results of each well, when shallow wells produce oil during drilling operations usually it is a very positive sign for the potential of commercial oil production. We strategically chose each drill site, hopeful that we would gain payzone structure thickness compared to previously drilled wells on each lease and we were successful in achieving our goal."
The Company is preparing to stimulate and complete each well for production by mid October and if successful have each well online with commercial oil production during the month of October.
Floyd Smith, President and CEO of Petron Energy II, Inc. goes on to say, "These new wells are part of 5 wells which we have identified virgin payzones which have the potential of producing commercial oil production. We are hopeful that each well will be instrumental in achieving our projected short term goal to increase our oil production rates to 100+ barrels of oil per day."
The Company has set a goal to increase its daily production rate to an estimated range of 110 - 120 barrels of oil per day within 90 days and it believes these wells could be important factors in achieving its goal. The Company will report results as soon as they are available.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" (statements which are not historical facts) made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "could," "may," "might," "potential," "predict," "should," "estimate," "expect," "project," "believe," "plan," "envision," "continue," "intend," "target," "contemplate," or "will" and similar words or phrases or comparable terminology. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward- looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control. These factors include, but are not limited to, the time to consummate the proposed development, completion and extraction; the timing and extent of changes in market conditions and prices for natural gas and oil; the timing and extent of the company's success in discovering, developing, producing and estimating reserves; the economic viability of, and the company's success in drilling, the company's ability to fund the acquisition, development, completion and extraction of oil and gas assets and the company's planned capital investments; the company's future property acquisition or divestiture activities; increased competition; and any other factors listed in the reports the company has filed and may file with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect the company's expectations only as of the date they were made. The company undertakes no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.

DALLAS, TX--(PRweb – 9/11/14) – Petron Energy II, Inc. (“Petron II” or the “Company”) (OTCQB: PEII) Petron Energy II, Inc. reports increasing trend in its oil production.

Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, the transportation of natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary.  The Company’s operations are based in the United States.
This morning Petron Energy II, Inc. announced that it posted its largest year to date production month in August with 482 barrels of oil sold for the month.  The company has been focused on improving its production and their monthly production has been trending higher since June.  The company reported that monthly production for June was 149 barrels, July was 361 barrels and August was 482 barrels representing better than a 300% improvement in its monthly production since June.
Floyd Smith, President and CEO of Petron Energy II, Inc., states, "We are very pleased with our production results and as we progressively implement more of our development plan we estimate that this current trend should continue.”  
The company announced in its August 28, 2014 press release that it will begin drilling operations on two wells this month, one new well on its Gerner lease and a second new well on its Gerner Trust lease.  Petron Energy II, Inc. believes that offsetting its Gerner #2 well which had an initial production rate of 45 barrels of oil per day and the Gerner Trust #1 well which tested over 1.5 million cubic feet of gas per day could if successful, assist in extending the current upward trend of monthly production. Drilling is scheduled to commence Monday September 15, 2014, both wells are expected to be drilled and logged within one week. 
Floyd Smith goes on to say, “We are very excited to have another opportunity to drill on both leases; each lease provides the potential for tremendous upside and production growth."
The company has set a goal for itself to increase its daily production rate to an estimated range of 110 - 120 barrels of oil per day within 90 days and it believes these wells could be important components in achieving the goal. The company will report results as soon as they are available.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" (statements which are not historical facts) made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "could," "may," "might," "potential," "predict," "should," "estimate," "expect," "project," "believe," "plan," "envision," "continue," "intend," "target," "contemplate," or "will" and similar words or phrases or comparable terminology. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward- looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control. These factors include, but are not limited to, the time to consummate the proposed development, completion and extraction; the timing and extent of changes in market conditions and prices for natural gas and oil; the timing and extent of the Company's success in discovering, developing, producing and estimating reserves; the economic viability of, and the Company's success in drilling, the Company's ability to fund the acquisition, development, completion and extraction of oil and gas assets and the Company's planned capital investments; the Company's future property acquisition or divestiture activities; increased competition; and any other factors listed in the reports the Company has filed and may file with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's expectations only as of the date they were made. The Company undertakes no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.

Contact:
Investor Relations Contact:
Synergy: 888-259-9173

 
The Mission of Petron Energy II, Inc. (PEII):
Is to create an asset base consisting of oil and gas properties in low risk areas with years of proven production history. The company will increase the value of its assets through acquisitions, drilling operations and reworking existing wells. We will concentrate our development efforts in Oklahoma and Texas where we presently have 5,000 acres under lease. These contain 93 existing wells which will require rework operations to attempt reestablishing commercial production.
 
Our Strategy:

Is to acquire assets in proven areas with multiple pay zones, manage development cost and take advantage of new technology to maximize daily production rates.Our target market is the Woodford Shale in Northeast Oklahoma and the Tannehill Sand in Texas, each offer high success rates and the potential for long term cash flow.

Petron Energy II, Inc. is engaged primarily in the acquisition, development, production, exploration for and the sale of oil, gas and gas liquids in the United States. As of December 31, 2011 the Company is operating in the states of Texas and Oklahoma. The Company sells its oil and gas products primarily to a domestic pipeline and to another oil company.

Subsidiaries:
 
1. Petron Energy II Pipeline, Inc. is engaged primarily in the transmission of gas and gas liquids for its own wells and third party wells in the United States. As of December 31, 2012 the Company is operating in the state of Oklahoma. In addition, the Company owns and operates two gas gathering systems located in Tulsa, Wagoner, Rogers and Mayes counties of Oklahoma. The pipeline consists of approximately 132 miles of steel and poly pipe, a gas processing plant and other ancillary equipment.

2. Petron Energy II Well Service, Inc. is engaged primarily in Well Service operation for its own wells currently and expects to begin well service operations for third party operators in the future.  As of December 31, 2012 the Company is operating in the states of Oklahoma and Texas.  The Company owns all of its equipment used in the Petron Energy II Well Service, Inc.

Texas Properties:
The company recently agreed to acquire approximately 2800 acres in Munday (Knox County) Texas, this property is comprised of 48 wells. The property has 34 of 48 existing wells capable of producing commercial quantities of oil. We are reviewing the property for further producing zones which may be available.
 
Oklahoma Properties:
Petron purchased a 75% stake in approximately 2600 acres with 59 wells in Wagoner and Tulsa Counties, Oklahoma. We have 56 existing wells and 3 newly drilled wells. This acreage has 5 to 7 payzones, which are capable of producing oil, gas and or both commodities.

The company has purchased 75% equity stake in a 105 mile pipeline gas system, Petron Energy II Pipeline, Inc. The pipeline system extends from Wagoner County into Tulsa County Oklahoma. This system is critical to our development in the area because it provides us access to deliver our gas to market at minimal cost. We believe our ownership of the gas pipeline system will provide us opportunities to grow our acreage as we are the only transporter of natural gas in the area.

The company has also purchased a 75% stake in a second gas pipeline system, Petron Energy II TNT, Inc. This pipeline system extends 30 miles through Wagoner, Mayes, Rogers and Tulsa Counties Oklahoma. There were over 450+ wells drilled and tested in anticipation of the completion of this gas system. This system provides access to a natural gas market for us along with development opportunities for the company. Petron Energy II TNT pipeline is the only gathering system to transport natural gas the area.

 
Secondary Completion – Water/ CO2 Gasflood:
(Explanation of the process.)
Floyd L. Smith – CEO:
Mr. Smith holds a Bachelor of Business Administration from Harding University, and has over 19 years of experience working in the oil and gas industry. In October 1998, Mr. Smith started Petron Energy, Inc. and has been involved in all administrative and field operations for the company. Under his leadership, the company has funded and drilled over 50 wells in twelve years.

Petron Energy II, Inc. is the successor to Petron Energy, Inc. He has knowledge in all phases of drilling, completion and production. He has worked closely with the project geologists and engineers in the origination and acquisition of oil and gas prospects. Mr. Smith is also a member of the president’s council of Harding University in Searcy, Arkansas.

 
Jerry K. Ebanks – Geologist:
Mr. Ebanks received his Bachelor of Science in Geology from Lamar University and his Masters in Geology from the University of Texas. He has worked in varies senior level position in his 46 year career.

Mr. Ebanks has extensive experience in East Texas, North Louisiana, Mississippi, Alabama, South Arkansas, Florida, Offshore Gulf of Mexico, Alaska, China, Australia, New Zealand and Indonesia. In addition, he performed geological evaluations, wellsite planning, mapping seismic planning, seismic oversight and seismic interpretation. Mr. Ebanks brings a very unique set of skill sets which will be very to our company.

 
David Knepper – Petroleum Engineer:
Mr. Knepper has a Bachelor of Science in Engineering from Texas A&M University. He has over 37 years of experience working with oil and gas companies, specializing in production, completions, operations, reservoir analysis and acquisitions. Additionally, Mr. Knepper has expertise in both the technical and financial sides of the oil and gas business.
 
Luke C. Zouvas – Legal Council:
Mr. Zouvas has a Bachelor of Arts degree from San Diego ’96 and his Juris Doctor is from Thomas Jefferson School of Law ’99. His primary focus in law has been the areas of corporate securities, mergers and acquisitions, as well as real estate. He has worked on numerous mergers and acquisitions, advised public companies on securities law issues, advised private companies on general corporate governance matters and engaged in the pro bono representation of small business owners.

Mr. Zouvas has represented issuers and underwriters in initial public offerings, Direct Public Offerings and secondary offerings of securities under the Securities Act of 1933. He also regularly counsels issuers in connection with the preparation of and filing with the Securities and Exchange Commission of periodic reports under the Securities Exchange Act of 1934.

He has a mastery of securities law compliance, having prepared proxy statements, periodic reporting documents, private placement documentation and registration statements, among others. He also has counseled numerous entrepreneurs and early stage companies. Mr. Zouvas has advised issuers, private equity funds, and placement agents in private equity and debt transactions. He also has worked with placement agents and issuers with respect to offerings of securities pursuant to Regulation S and Rule 144A under the Securities Act.
 
Bob Currier – V.P. of Finance:
Bob Currier has a CPA certificate and has over 35 years of experience both in the public accounting and corporate sectors. Since 1987, Mr. Currier has been involved with entrepreneurial ventures in industries ranging from medical to real estate to oil and gas. With these companies, he has been responsible for developing financial reportingsystems, helping raise capital, implementing internal controls and budget preparation. His experience has included both public and private entrepreneurial companies. He has also worked on SEC reporting engagements on a contract basis.

Mr. Currier started his professional career in 1971 with the audit staff at Ernst & Ernst in Kansas City. After six years, he transferred to the Paris, France office where he spent six years working on the audit of the French national oil company (Elf Aquitaine) and U. S. companies such as Eli Lilly and Harris Corporation. On the French national oil company audit he was responsible for the exploration and production subsidiaries, the consolidation and joint venture audits. From Paris he moved to the Dallas office and transitioned from oil and gas auditing to entrepreneurial services and was named the Vice Chairman of the entrepreneurial services group.

Mr. Currier’s experience with the entrepreneurial services group included working with business plans and financial projections for various start-up companies. We believe Mr. Currier’s level of experience provides Petron II with a clear advantage and he is a true asset to the company.

 
Recent Technical Chart:
 


Petron Energy II, Inc.

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PEII
Current Price
Volume:
Bid Ask Day's Range
Wiki
PEII News: Information Statement - All Other (definitive) (def 14c) 09/22/2014 04:07:21 PM
PEII News: Proxy Statement - Other Information (preliminary) (pre 14c) 09/10/2014 06:01:26 AM
PEII News: Securities Registration (section 12(g)) (8-a12g) 09/03/2014 05:23:04 PM
PEII News: Investor Updates on Companies Showing Growth and Innovation 08/07/2014 10:18:08 AM
PEII News: Current Report Filing (8-k) 07/30/2014 04:42:47 PM
PostSubject
#29507  Sticky Note $PEII- the biggest scam ever. s.k3 10/11/14 03:33:42 PM
#29559   He's running out of buyers right now. It Bernie-UK 10/20/14 09:03:09 PM
#29558   lord FLOYD NEVER LEAVES ANY MONEY ON THE CHS1 10/20/14 08:22:53 PM
#29557   Thanks for the numbers on share growth. I zipperman 10/20/14 05:53:58 PM
#29556   Well, IMO, when it isn't a real business swimom 10/20/14 04:59:31 PM
#29555   PEII - buyer beware. Take a look at stratford1 10/20/14 04:26:00 PM
#29554   same old song and dance. juslookin 10/20/14 03:52:35 PM
#29553   I was thinking samething. This RS is really tom56 10/20/14 03:25:41 PM
#29552   They are finally dumping it to no bid, Bernie-UK 10/20/14 03:20:22 PM
#29551   Some volume today might hit 1b.. tom56 10/20/14 03:17:09 PM
#29550   I tried to post on the website about tom56 10/20/14 01:38:28 PM
#29549   What a lair FS is. He actually believes mario3349 10/20/14 01:32:03 PM
#29548   http://newtothestreet.tv/video tom56 10/20/14 12:08:57 PM
#29547   Same BS http://www.newtothestreet.com tom56 10/20/14 12:03:17 PM
#29546   Anyone watch the WPXN eye on the street Memphis Locksmith 10/20/14 11:15:47 AM
#29545   I have written this one off as a Liuhisn 10/18/14 08:26:30 PM
#29544   I'm not sure my friend; I've tried to barryl780 10/18/14 07:40:59 PM
#29543   AFAIK, they can do it whenever they want. Homebrew 10/18/14 07:06:07 PM
#29542   Peii. so is there a reverse split date gonia 10/18/14 06:38:33 PM
#29541   Ummm, penny stock scammers know EXACTLY what they Homebrew 10/18/14 08:37:04 AM
#29540   How do you think the 4th will go Liuhisn 10/18/14 12:51:43 AM
#29539   Out here in Cali? Liuhisn 10/18/14 12:49:48 AM
#29538   I think it will be very positive and hempbutter 10/17/14 10:38:22 PM
#29536   Doesn't help much when they do a split bilalali26 10/17/14 09:28:14 PM
#29535   In the future, I suggest setting stop loss Homebrew 10/17/14 09:11:30 PM
#29534   My $1500 worth of shares are now worth bilalali26 10/17/14 04:18:54 PM
#29533   OTCQB!? tradeparade 10/17/14 12:59:38 PM
#29532   No trades since 10:30. What's up? Is the zipperman 10/17/14 12:54:35 PM
#29531   I've long suspected there is a lot of swimom 10/16/14 11:42:08 AM
#29530   Why put in into the company when he Homebrew 10/16/14 11:10:04 AM
#29529   Without oil production at a level to produce zipperman 10/16/14 11:00:07 AM
#29528   "FS must contnue diluting as long as he QImperator 10/16/14 10:43:12 AM
#29527   About zero, unless a production update that is mario3349 10/15/14 11:19:51 PM
#29526   No firm date for RS for Peii yet? gonia 10/15/14 10:21:52 PM
#29525   Still Diluting or just people flipping from 1's MyDosCentavos 10/15/14 03:45:03 PM
#29524   The blatant manipulation is mind boggling. I used mario3349 10/15/14 02:32:36 PM
#29523   And when the next reverse split happens so Homebrew 10/15/14 11:57:28 AM
#29522   Wish it were true that 'early' investors could stratford1 10/15/14 10:56:53 AM
#29521   PEII - these guys should be in jail. stratford1 10/15/14 10:35:23 AM
#29520   The answer is simple. If PEII produces oil zipperman 10/14/14 10:42:12 AM
#29519   They have 2 choices - work really hard Bernie-UK 10/14/14 09:22:37 AM
#29518   The question that has to be answered: How zipperman 10/13/14 08:42:57 PM
#29517   In my opinion...this is a front for something swimom 10/13/14 07:09:50 PM
#29516   LOL onthelak42 10/13/14 05:55:10 PM
#29515   That's not nice Richard Perry 10/13/14 05:50:28 PM
#29514   Floyd Smith is nothing more than a piece onthelak42 10/13/14 05:47:18 PM
#29513   Its funny now Floyd was on with bert tom56 10/13/14 02:38:59 PM
#29512   Only 500 Million diluted last week! Cakes10 10/13/14 12:35:45 PM
#29511   Huh ? Homebrew 10/13/14 11:04:09 AM
#29510   1.8 b os 5b as how much more???? tom56 10/13/14 10:53:52 AM
#29509   I used to think that if dilution slowed mario3349 10/13/14 10:32:06 AM
PostSubject