PetroGas Company (PTCO)

[Lone Wolf]

AREN- Property Sharks of the Oil&Gas Industry

Business Description (from 10K):

FORM 10 INFORMATION

Item 1. Business.

(a) General Business.

America Resources Exploration Inc. (the “Company”) has elected to enter into the oil and gas industry. Our primary objective is to enter the oil and gas industry by acquiring active oil and gas fields. This first step will allow us to enter the market in the U.S. and create immediate cash flow from producing wells. The Company intends to take advantage of currently depressed energy prices by taking over fields from companies that are unable to service their excessive debt due to falling oil prices.

In order to assist the Company’s entry into the oil and gas industry, the Company has added to two (2) members to its Board of Directors that provide, collectively, over sixty (60) years of experience in the exploration, development and production of oil and gas properties.

Mr. Joe M. Seabourn has over 30 years of experience working refinery up-grade design flow process and feasibility studies for Nigeria, Ecuador, Mongolia and Republic of Congo. He is currently using his strategic alliances to establish working joint ventures and partnerships in Congo, Central Africa.

On June 10th, life began anew for what was previously a shell company:

Ownership of oil producing assets:

CURRENT INVESTMENTS

On June 12, 2015, the Company acquired three (3) producing leases covering 714 acres situated in Atascosa and Frio Counties, Texas, located in the Eagle Ford Shale formation - the Jane Burns “C” (“Burns”), the Theo Rogers “C”, and the Theo Rogers “A” & “D” (“Rogers”) Leases. The Company acquired a 99.5% working interest (74.625% net revenue interest) in each lease. We estimate the Burns and Rogers Leases contain 68,272 net barrels of proved oil reserves having a PV-10 value of approximately $1,007,000 as of April 1, 2015.

The Burns and Rogers Leases provide exploration and production opportunities in the Kyote Field pay zone, very near the Eagle Ford Shale play with access to available rig crews and other vendor-servicers, due to their close proximity to San Antonio, Texas.

The Rogers Lease currently has one (1) operating well, which provides between two to three (2-3) barrels of oil per day (“BOPD”). The Burns Lease also currently has one (1) operating well, which provides one to two (1-2) BOPD. The Company’s management and industry professionals believe that the Company can double or triple existing production on the Burns and Rogers Leases by bringing online 5 available, inactive wells on the Leases and potentially increase total production 2-3 BOPD per well.

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:

America Resources Acquires Texas Oil and Gas Production Assets in the Anadarko Basin

Marketwire "Press Releases"
HOUSTON, TX -- (Marketwired) -- 07/31/15 -- America Resources Exploration, Inc. (OTCQB: AREN) ("America Resources" or "the Company") today announced that it has acquired a fractional wellbore interest under one percent in three oil and gas producing wells included in the Begert 38 lease located in Section 38, Block A-1, H&G Survey, A-1075 in Hemphill, Texas.

The wells are operated by Apache Corporation of Texas (NYSE: APA) and have produced a daily average rate of 177 barrels of oil and 4,863 MCF of gas from the Anadarko basin as of data available 6 months prior to April 1st2015. Investors may refer to the company's 8-K filing with the SEC for more details about this acquisition.

"This transaction is exemplary of our business plan for more diversification," stated Huang Yu, CEO of America Resources. "We are committed to continuing the expansion of our asset base and building value for our shareholders through both production and new development projects."

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!