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GRID PETE CORP COM GRPR: OTC BID .01 Ask .0116
Contact Info

999 18th Street
Suite 3000
Denver, CO 80202
Phone: [phone]

Share Structure
Market Value1 $1,406,507 a/o Sep 09, 2011
Shares Outstanding 135,241,087 a/o Jun 30, 2011
Float estimated 40,000,000
Authorized Shares Not Available
Par Value 0.001

http://www.gridpetroleum.com/?page_id=6

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Kreyenhagen Trend California

Kreyenhagen Trend acreage in the California
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Jonah Prospects

Jonah Prospects – Greater Green River Basin, Wyoming
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About

Welcome to Grid Petroleum Corp.

Grid Petroleum Corp is an American oil & gas company focused on the acquisition, exploration and development of oil and gas properties in North America.

Grid Petroleum’s key asset is the SE Jonah Prospect, based in Wyoming’s Greater Green River Basin. During 2006, the State of Wyoming was second in natural gas production and recorded it’s highest level of natural gas production, largely due to two massive but previously undeveloped natural gas formations – the Jonah Field and the adjacent Pinedale Anticline.
Grid Petroleum Corp.-Rimini Investments Initiates Coverage on Grid Petroleum Corp. Resulting in a Buy Recommendation With a $1.77 Price Per Share Estimate:

Grid Petroleum Corp » News » Grid Petroleum Corp.-Rimini Investments Initiates Coverage on Grid Petroleum Corp. Resulting in a Buy Recommendation With a $1.77 Price Per Share Estimate
Grid Petroleum Corp.-Rimini Investments Initiates Coverage on Grid Petroleum Corp. Resulting in a Buy Recommendation With a $1.77 Price Per Share Estimate

May 2 , 2011 – Denver, Colorado—Grid Petroleum Corp. (OTCBB: GRID) “The Company”) announces as of April 14, 2011- Rimini Investments has initiated coverage of Grid Petroleum Corp resulting in a buy recommendation and a price per share estimate of $1.77.

The report outlines the estimated resource value of the South East Jonah property in the Greater Green River Basin region of Wyoming. and the newly acquired Joaquin Basin Kreyenhagen Trend Leases.

The 36 page report outlines the potential that the combination of these significant resource properties within one company represent.

For access to the report, please visit www.gridpetroleum.com or http://www.riminiinvestments.com/uploads/GRID_Rimini_April2011.pdf

Rimini Investments is an employee-owned, boutique service, research and consulting firm. Rimini is international in scope with researchers working from Canada, the USA, China, Mexico, India and Europe and specializes in growth investing, ranging from natural resource companies, technology companies to alternative company investments.

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.

The company anticipates the initiation of a development plan with its joint venture partners for the purpose of establishing suitable drill sites for the Kreyenhagen Trend leases in the near future. Upon completion the company will have established a time line for the development of its significant Oil and Gas assets.
Grid Petroleum Estimated 41,000,000 Barrels Oil in Place

DENVER, CO–(Marketwire – 05/03/11) – Grid Petroleum Corp. (OTC.BB:GRPR – News) (hereafter “Grid,” “The Company”) announced today the completion of the acquisition of Joaquin Basin Resources Inc. The Company is pleased to announce that it has determined the primary asset of the company, the 4,000 acre Kreyenhagen Trend leases, contain the same target zones of production as the neighboring Kreyenhagen Ranch.

These target zones consist of the heavy oil in the upper Temblor and the Unconventional Shales, of the Kreyenhagen and the Monterey that continue to trend North and South from the Kreyenhagen Ranch Field.

Initial estimates indicate that there exists 82,000,000 BOOIP (Eighty Two Million Barrels Oil In Place). The Company currently holds a 50% Working Interest in the 4,000 acres providing an estimated 41,000,000 BOOIP to the Company’s Interest.

Using a P10 valuation of the Oil in Place reserve calculation and assuming a recovery rate of 10% indicating the volume of recoverable oil at an estimated 4,100,000 Barrels of Oil.

Using a conservative value for oil at $100.00 per barrel and a cost of production at a very conservative $45.00 per barrel of oil providing for a valuation of the Company’s Interest of the Kreyenhagen trend lease at $225,000,000.00 as determined by the company’s geologists.

The Reasons we like GRPR .01 is because it traded as high as .45 and since has been on sell off and 52 week low .0099 , we believe that OIL prices will surge once again as previously mentioned we are tackling the markets with TRENDS and overall market sentiment. When Oil was trading $100-$120 a barrel the U,S Government drew concern and President Obama created Energy Task Force and also tapped in to Oil reserves without notice.In our views this was just a temporary fix and we believe that this will only make Oil prices rise even faster recent instability in Europe shows that the global economy will be in disarray for quite some time Since then The U.S has been involved with Middle East tensions and participating currently with overthrowing of LIBYAN dictatorship. With Euro and U.S dollar taking a down fall among other fiat currencies a Currency War has ensued we believe that the price of oil will reflect this and will eventually rise above $100, we believe commodities in a whole will surge with inflation. Recent news with Euro being pegged to Swedish Franc will increase import and exports and we believe Oil will be the forefront of Global economic prices as Oil is a major part of trade. Carefully monitoring the stock trading we have been waiting to get a confirmation of support and reversal, the stock has saw a sell off most likely due to lower price in Oil from .45 range for the last 3 days we have noticed a close above .01 the stock saw a 52 week low last week of .0099 which was less than $90 worth , the stock saw a high of day closing .012 and we believe the stock can hit .10 as there is not much resistance, accompanied by solid share structure and also chart reversal we could see a bullish run.

CHART:

http://stockcharts.com/h-sc/ui?s=GRPR

The latest Aug 3 2011 10Q what we see is very interesting:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8075607
Shares issued: acquisition of subsidiary February 1, 2011 at $0.12 62,000,000 when they issued those shares, the PPS was above 10 cents

From 10k Jul 24 2010
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8008389

The Kreyenhagen Trend acreage is next to a field, which already has produced over 500 million barrels of oil. The field is promoted by a water drive and can be up-dip of former production. We believe that the Kreyenhagen Trend acreage containing the Temblor Sand, Allison Sand, Kreyenhagen sand, and Monterey Shale zone within the acreage has a potential of roughly 88 million to 114 million barrels of oil in place.

HIGHLIGHTS THAT WE LIKE GRPR

In 2010 they had 68 million O/S. As per the last 10-Q filed in Aug they have 135 million O/S. O/S increased. But 62 million issued for Aqcuisition recently
So the Float should be the same as a year ago
2. Asset approx $8 million and Liabilities less than $500K.
Forgot to mention that 62 million shares Issued@$0.12
Current Filings
OTCQB 2nd tier
Oil stock in an inflammatory Global Market

FORM 3 filed June 27 2011

DENVER, CO — Tim Deherrera's title was listed as "Director" at Grid Petroleum Corp. within the filing.

If we look over the past 12 months, Tim Deherrera has sold no shares of Grid Petroleum Corp. stock. Over the same time period, Tim Deherrera has purchased no shares of Grid Petroleum Corp. stock.

Let's take a quick, high-level look at insider trading at Grid Petroleum Corp. over the past 12 months. No shares of Grid Petroleum Corp. stock were sold by company insiders. Over the same time 12 month time period, no shares of Grid Petroleum Corp. were purchased by company insiders.

In addition to Tim Deherrera's role with Grid Petroleum Corp., Tim Deherrera has affiliations with 2 other companies. Tim Deherrera's affiliations include Atlantis Technology Group, Grid Petroleum Corp., Force Energy Corp. .