Sunday, August 02, 2015 4:50:54 PM
Business Description (from 10K):
On June 10th, life began anew for what was previously a shell company:
Ownership of oil producing assets:
Click to see video on their Burns and Rogers asset
On June 12th, they retained a 'Top Notch' IR Firm, MZ Group: Check out their client list.
Revenue Diversification:
Best part of it all...financing is being obtained via a direct allocation of discounted common stock (i.e.- no dilutive, toxic financing deals!!!)
In summary, AREN is acquiring distressed oil properties that are 'immediately' producing revenues while diversifying their portfolio through the purchase of 'Wellbore interests' from legit oil companies such as Apache Corp (NYSE-traded: APA) of Texas as stated in their most recent PR. New assets are being purchased via cash on hand and funds generated through non-toxic share purchase agreements.
IMO, this QB-listed company is shooting for a 'higher tier' status. Keep watch of this space and AREN in particular. Someone's been buying their shares!
Recent PTCO News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 02:26:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/23/2024 07:15:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/30/2023 07:35:40 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM