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You're right, I mis-read the char. I thought I was looking at a daily and it was a monthly. Sorry. Old, weak eyes.
and yet you talk about a stock price move from .95
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132662032
and last time the PTRC stock price was at .95 was May 9th, about two months ago
go figure
The announcement Friday relates to a well site at the Southern end of the San Joaquin Valley, Kern County, CA.
same Oklahoma field where most of the PTRC O&G assets had already been recently written off by PTRC, millions of dollars worth..
then miraculously, "oh look...we found oil"
combined with a massive paid stock promotion campaign
By this attempt I mean their Chardonnay 47X well in the Grapevine prospect which they announced Friday.
Wow, what a Thursday-Friday move from $0.95 to $2.38 on the announcement of two wells to be drilled. Proven field? The nearest production is CRC about 10 miles to the Northwest of this attempt.
huh?
what proven fields?
PTRC wrote down millions upon millions of dollars in assets from its O&G wells from the same fields not long ago, and now claims that there is plenty of recoverable oil from the very same fields using the very same 3D seismic data, even as the price of oil continues to drop?
not going to happen
look for a sub $0.50 stock price sometime in the future
Relax. it will paid huge from those proven fields
Easy assets money in this one. Take time to do a research of company projects assets and mach with other rework projects companies in area and you will be rewarded..buy in deeps opportunities and hold..otherwise do not do anything and wait to flip over opportunities ..either way you make money
this might be the beginning of the end for this pump and dump scam
yes very likely
then a few weeks later, below 1.00
then below 0.50
failed breakout today. I'm thinking $1.60 - $1.80 again sometime next week.
it was emailed....
tick tock tick tock. It's just a matter of time before this falls apart.
What the link for that info on stock beast
ha. you're probably right. I'm sure it'll be under 50 cents at some point in the future.
You are being kind
this scam stock will drop to below .50
This is in his own momentum in high crude prices and low cost drilling. i have three junior oil companies and they are all moving due to all energy sector lift up
PTRC - the 3rd party paid stock promotion campaign embedded in what appears to be a normal industry press release
"DISCLAIMER:........
For current services performed MNU has been compensated one thousand nine hundred dollars for coverage of the current commentary covering issued by Petro River Oil by a non-affiliated third party."
Significant Oil Discoveries in the U.S. Fueling Reduction of Dependency on Foreign Oil
http://markets.on.nytimes.com/research/stocks/news/press_release.asp?docTag=201705090845PR_NEWS_USPRX____enUK201705091068&feedID=600&press_symbol=286118
Who is pumping this thing up so hard
its a sure double digits inside a year at their discovery pace
PTRC can't make a dime drilling any oil at current barrel prices. Cohen keeps PUMPING this dog of a ticker for years now. Look at the last revenue for January 2017. Its a joke!
$READ THIS$ Thothing left to say
https://www.insiderfinancial.com/petro-river-oil-co-com-usd0-00001-post-rev-sp-otcbbptrc-is-todays-energy-focus/122811/
$Everyone better stack up now$ as soon as news hits about the second well and they start pumping officially this thing is going to skyrocket! Look at the share structure, do the math, pure profit for this company,no debt, trump backing, American oil, what more could you ask for out of an oil company?? PTRC LONG
This is a good article to check out about $PTRC https://www.insiderfinancial.com/petro-river-oil-co-com-usd0-00001-post-rev-sp-otcbbptrc-is-todays-energy-focus/122811/
See oil field discovery news $PTRC. Small cap to watch. https://finance.yahoo.com/news/petro-river-oil-drill-second-100000632.html
Its going to be pure profit for this company. PTRC Long there is so much potential right now its petro river oil corps time to shine. Good luck to all
2.5m possible barrels of oil × $50 a barrel = $125m. This company is extremely undervalued right now seeing as how things are looking great for American oil companies!
PTRC has Trump on their side! Don't be sorry you didn't buy this stock!
http://marketnewsupdates.com/news/ptrc.html
Everybody stack up now because as soon as this company starts drilling more Wells and finding more oil it is going to skyrocket and everybody will be kicking themselves for not getting in now. This is one of the only companies in a position to make a profit in these times. They could litterally start drilling and making money the same day PTRC long baby
This is definitely a good sign. Totally undervalued company http://www.oilandgasinvestor.com/petro-river-uncovers-new-oil-field-osage-county-oklahoma-1573041
READ THIS!!!! HUGE NEWS!!!!
http://www.oilandgasinvestor.com/petro-river-uncovers-new-oil-field-osage-county-oklahoma-1573041
READ THIS!!!! HUGE NEWS!!!!
http://www.oilandgasinvestor.com/petro-river-uncovers-new-oil-field-osage-county-oklahoma-1573041
Go All IN! Why isn't everybody going crazy on this board? This company is about to absolutely explode this could be major. Good luck to everyone, this is just the beginning!
PETRO RIVER TO DRILL EXPLORATION WELLS WITH SIGNIFICANT NEW FIELD DISCOVERY POTENTIAL IN OSAGE COUNTY, OKLAHOMA
BUREAU OF INDIAN AFFAIRS (BIA) ISSUES DRILLING PERMITS
NEW YORK, NY, April 3, 2017 Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the “Company”), an independent oil and gas exploration company utilizing the latest 3-D seismic technology, announced today the spudding of 1 of the 4 exploration wells in its Pearsonia West Concession on April 5, 2017. The issuance of permits for drilling marks an important turn-out in Osage County, Oklahoma, which had been previously delayed due to uncertainty in environmental standards and regulations.
The first 2 exploration wells--South Blackland #1-11 and South Blackland 2-11 --will be drilled to a depth of approximately 2,800 feet. The 4 vertical explorations wells are testing the first 1,610 acres of the 4,480 acre structural closures identified by the re-processing of 3-D seismic and has prospective resource potential of 2.5 million barrels of oil. Results will be anticipated within 45 days. Success on these wells will confirm interpretation of the 35 square miles of 3-D seismic re-processed in August 2016 which identified 10+ structures and significant opportunities for the Petro River.
“This is a significant milestone for the company,” said Stephen Brunner, president of Petro River. “We are now able to validate our advanced 3-D seismic technology, and after a prolonged waiting period in Osage County for drilling permits, the Company is excited to start our Pearsonia West project where we believe there are significant pools of oil within our defined structures.”
The Company’s Pearsonia West Concession in Osage County, Oklahoma includes 106,500 contiguous acres centered on the structural trend of the Pearsonia-Blackland-Foraker fields. These fields have produced in excess of 20 million barrels of oil through vertical well development, and is close to fields that have produced 200 million barrels of oil through vertical production since the early 1900s, without the benefit of 3-D seismic technology.
Osage County, OK
The federal government holds the mineral estate beneath Osage County in trust for the Osage Nation and together they have been working on a solution to resume permitted drilling in this field. As a result, the Bureau of Indian Affairs requires all applicants to fill out a questionnaire to receive environmental assessments as required by the National Environmental Policy Act before giving out drilling permits. Petro River is one of the first to receive a permit to drill under these terms since 2015.
Board quiet, drilling 4 wells all paid for 1st qtr 2017, bought 20% stake in private energy company with a lot of former big oil execs.
I m long
$PTRC
Never got into this one, but kept it on watch to look into at a later date. Whats the scoop on it?
I am so glad I am gone from this con with a little money made....what a joke....
Finding Cheap Oil in the 21st Century: Some Go Back to Basics
By Mitchell Posner
It was less than three years ago when the IEA predicted that by 2020, the US would pump past Saudi Arabia to become the world’s largest oil producer, and a net exporter by 2030.
Today, it seems farfetched. Let’s consider what happened and what it says about the future. The IEA isn’t run by idiots and indeed, oil production was rocking. According to the Energy Information Administration (EIA), US crude output rose from 5.5 million barrels per day in 2010 to 7.5 million barrels in 2013, and as 2016 began, to 9.2, , an increase of 3.7 million barrels per day in what can only be considered the relative blink of an eye.
What happened? In short, the rise of the resource play. There is no single definition of the term, which became fashionable about 10 years ago. The simplest description I could find is “an accumulation of hydrocarbons known to exist over a large regional area.” But the term also connotes a large area and low risk. So it’s a prospect that is very likely to contain a lot of oil.
“Large deposits and low risk?” Wall Street loved it, and so did the banks. Companies that were identified as resource plays began trading at high multiples compared to their peers. Adding resources was given priority over costs. In the past five years, American and Canadian oil and gas companies borrowed more $1.3 trillion.
It worked very well, for two reasons: new technology and the high oil price. Companies could develop previously unexploited resources and enhance recovery and commerciality within existing plays.
This approach changed the map. North Sea? The Middle East? Old news. The “new oil patch” ran from Alberta, Canada, down through the shale fields of North Dakota and South Texas to huge offshore oil deposits found near Brazil.
What happened next?
Full story
InterOil: An Object Lesson For Shareholder Exits
By Mitchell Posner
For years, InterOil (NYSE: IOC) wasn’t taken seriously as an E&P company. The business press used words like “fluky.” It’s now a mainstream LNG producer, and has provided a considerable return for its shareholders.
Last week, the company announced that Oil Search will acquire InterOil, exchanging 8.05 shares for each share of InterOil, about $40.25 per share[1] in U.S. dollars. The offer is valued at approximately $2.2 billion, per the announcement.
But wait, there’s more: IOC shareholders will be paid an additional $6.05 USD per share—in cash—for each tcfe[2] of hydrocarbons over the 6.2 tcfe contained in the company’s interest in the Elk-Antelope fields.
Investors in E&P companies—experts and novices alike—should and do ask, “What’s the upside?” For many companies the answer has grown vague in the current low-price environment.
Old-school thinking on exit strategy is often inconsistent: sell when the asset attains a certain amount of PDP[3]’s. Sell when production reaches a set level, or something much cloudier, like a reserve estimate. “Flipping” acreage will always exist, but suitable assets for such a play are declining.
Treadstone Energy CEO and Founder Frank McCorkle describes three basic exit ramps[4]:
A complete sale. No explanation needed, but likely buyers would be large independents or majors, or companies with private equity backing seeking an eventual IPO.
Partial exits come in two flavors: one, a joint venture in which the original E&P company steps back and becomes a non-operating partner, and another, in which a joint venture partner provides the capital and the original E&P continues to explore and develop the assets.
A more complex extended exit allows the E&P to sell some of its PDP assets on scheduled and agreed terms. In some cases the company may be recapitalized, providing funds for further development in the hope of larger payout down the road, possibly through an IPO.
While E&P’s can’t control market conditions or the oil/gas price, in practice, key determinants include management capabilities and the corporate objectives. Some are better at simple acquisition and divestment; other companies may be better suited to delineating a target prior to exit. Several have the technical know-how, 3D seismic database and capital to optimize production on their own, which increases their leverage when negotiating a payout.
One such firm is Petro River Oil (OTBB:PTRC). Management includes Stephen Brunner, who formerly served as president and CEO of Constellation Energy Partners and EVP of Pogo Producing Company. Chief Geophysical Advisor James Rector, Ph.D. is Professor of Geophysics, UC Berkeley, Senior Consultant to Chevron BP and Baker Hughes and a leading authority on seismic. Technical team members each have more than 30 years of industry experience.
Full article here
PTRC seems to be poised to make money if E&P works out evevn if oil price slips. See http://ogmarketreport.com/finding-cheap-oil-21st-century-go-back-basics/
Jaygreen
Every time i take a bite out of MM specialists widdle askkkkkkkkk, i seem to go back to the top of the mountain, any ideas? lmao lol.......
~~~~~~~ I bang my sippy cup on my crib looking at the Market Makers like you going to eat that? Lmao lol...... One of them pulled out a paint wagner, pointed at me, and told me it was Malox flavor! FLMAO LOL>>>>>>
Kind of crazy that a company who's applying for NASDAQ can't even figure out how to call back it's potential customers/partners.
I tried calling a few days ago and EVERY extension went to the same guy, which was a voice mail box that was full.
I then e-mailed the main IR address as well as one I guessed would be the CEO's (and it didn't bounce back, so must have been delivered).
No replies. No acknowledgement.
I'm guessing the NASDAQ listing process is not going as smoothly as hoped.
2016-04-12 09:39 ET - News Release - Petro River Oil Applies to List on NASDAQ Capital Market
Drill baby, Drill!!!!!
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