Ticker: PGAS (OTC)
757 Third Avenue, Suite 2110
New York City, New York 10017
Phone: (212) 0376-5228
"As of November 15, 2017"
Par Value: $0.001
Par Value: $0.001
Christos A. Traios
(President,Director & CEO)
Mr. Christos P. Traios serves as the president and CEO of Petrogress, inc. He has extensive experience spanning over 30 years managing shipping operations and navigating international oil markets, as well as educatino focused on martime law and mariner studies. WIth multi-faceted executive experience leading multiple organizations, Christos' background is specific to Petrogress, Inc.'s area of focus, with 25 years dedicated to the maritime industry and eight years of oil industry experience. in 1988, he co-founded Nattem SA and managed the company's shipping, trading and operation of commercial cargo vessels. Following his tenure at Nattem, Christos formed Essco Martime, LTD in 1997 under which he operated sixteen dry cargo vessels. In 2009, he formed Petrogress Co. Limited and has guided its progress and success to a leading shipping and oil trading company. He now focuses on successfully growing Petrogress, Inc. as a vertically-aligned and fully-integrated oil refining and trading operation.
Petrogress, Inc (OTC:PGAS) is a New York-based integrated oil and gas company within the energy and maritime sectors, operates primarily as a holding company of various subsidiaries located throughout the world.
Initially founded in 2009 as Petrogres Co. Limited, the Company is already heavily involved in fleet management and transport of petroleum products, and specializes in the trading of crude oil, shipping and refining in West Africa and Mediterranean. We manages operations and a fleet of tankers based at the historic Port of Piraeus and we also servicing in Ghana, Nigeria and Cyprus.
Petrogress operates as a fully integrated international merchant of petroleum products, focused on the supply and trade of light petroleum fuel oil (LPFO), refined oil products and other petrochemical products to local refineries in West Africa and Mediterranean countries.
The Company’s strategy is to replicate its successes in Oil and Gas Energy and maritime transportation sectors. To achieve this, Petrogress has set out a roadmap for investing in people, processes, strategic acquisitions, principal investments and continuous expansion within West Africa and globally.
As part of our long-term strategies to optimize vertical alignment, the company has segregated its business to increase focus on four district areas to further generate individual growth, enhance business operations and prospects within each sector, and maximize return on the investment and shareholder value. These key focus areas includes, upstream, midstream, and downstream.
The Company operates as a holding company for its wholly-owned subsidiaries. These subsidiaries are as follows:
Petrogress Co. Limited
“Physical oil trade and shipping are at the core of our activities”
Founded in 2009, Petrogres has become a strength oil trading company in West Africa
Petrogres Co. Limited, is an international merchant of Petroleum products. From the very beginning we differentiated ourselves by committing to long-term business relationships and the application of innovative trading solutions. By combining our regional market knowledge and our excellence shipping experience of over 25 years, we have earned a reputation for reliably marketing and moving petroleum products within West Africa and Mediterranean and Countries. The Company intends to expand this model of its operations and business to other continents as well.
Petronav Carriers LLC
“Experience from the past and the present is used as the basis of our Fleet successful operations”
Petronav, was formed on March 9th 2016 in Delaware, as a wholly-owned subsidiary of Petrogress, Inc.
Petronav, manages in-house a fleet of crude oil carriers and trades them in West Africa, known as a most difficult area for navigation and trade;
At Petronav, the top management and the staff have substantial experience in the shipping industry. Our management team is based in Piraeus and includes several executives with extensive experience in shipping operations and have demonstrated substantial ability in managing the commercial, technical and financial aspects of our business; all under the umbrella of Petrogress, Inc. We are focused to increase our carrying capacity of oil products by adding new tankers into our fleet that will maintain our primary role and the competitive advantages around our operating areas.
The company values its team, which consist of skilled and experienced management, port captains, technicians, ship officers, as well as specialists in the areas of safety, commercial and personnel management, ships finance and insurance. Petronav retains key talent, reward performance, and continually develops its staff and holds it to high performance standards and adherence to current and efficient policies with thorough training, monitoring, communication and engagement of a cohesive team, on shore and at sea, overall success. Petronav’s management of the company’s tanker fleet gives flexibility for Petrogress to work as an integrate company moving the products under its control from supply and shipping to destination. Further, the business model creates additional revenue with the capability to lease its fleet for use in independent third-party charters. The company ensures continual daily maintenance of its fleet, as well as management of operations, voyage orders and plans, crew staffing, and negotiations with related parties.
Petrogress Oil & Gas Energy Inc.
“We are focused on maximizing shareholders value by investing to new areas and projects."
POG, founded in December 2015 as a Texas corporation that leads business development and maximization of shareholder value through investment in new and promising areas and projects. The entity is primarily focused on expanding the company’s operations into the upstream operations and liquefied natural gas market. The company’s business strategy includes review and pursuance of feasible acquisitions of oil fields located in Texas. POG’s expansion plans include not only the strategic purchase of oil fields, but also incorporate the business of exportation of LNG to European markets. With a track record of our strong presence and execution in West Africa, POG is focused on developing two oil field projects; the Saltpond offshore oil field in Ghana, and Nigeria.
Since starting the operations, POG has grown its upstream portfolio, building a strong foundation in a number of West Africa basins. Today POG is negotiating through its partner Lushann Energy with Ghana National Petroleum Company, the Petroleum Agreement for the exploration and oil production of saltpond basin, simultaneously with the rehabilitation and improvement of the oil production platform “APG-1”. POG’s future plans include bidding for operating contracts on the APG-1 production platform. The currently shut-in platform is located in the Saltpond oil Field where we estimate to produce 300 to 500 barrels per day.
POG CONTINUES REVIEWING NEW VENTURES OPPORTUNITIES AND UPSTREAM ACQUISITION ACROSS AFRICA TO FUEL THE GROWTH OF ITS UPSTREAM PORTFOLIO.
Petrogress International LLC
Petrogress Int’l llc., formed in early 2017 in Delaware as a Special Purpose Vehicle to allow pursuit of speculative business opportunities in Africa and elsewhere independent of Petrogress, Inc.
Several of these business opportunities now appear sufficiently developed and imminent, such that it is now appropriate to consolidate PIL’s business into Petrogress, Inc. PIL is operating as a wholly-owned subsidiary of Petrogress, Inc. to conduct, among other things, oil trading and related energy activities in Cyprus, Nigeria and Ghana.PIL’s division comprise a number of potential projects around the world with a mission to acquire, appraise and develop commercial oil and gas assets in established basins and emerging frontiers in West Africa by creating strategic affiliates and partnerships which includes oil exploration and production, storing and facilities to provide service to offshore platforms. Their core of business create shareholder value by oil and gas reserves and production growth and they also contribute to economic development where they operate. Through our partnerships with strong partners, employees, local communities, contractors and other stakeholders PIL’s affiliates help create and develop sustainable interventions
The company has been expanding operations to become a greater factor in the oil business through its direct affiliates branches locations and partnerships. The company is the major partner of PETROGRES AFRICA CO. LTD, and the sole owner of PG- CYPYARD & OFFSHORE TERMINAL SERVICES CO. LTD , a Cyprian entity, in order to provide service to offshore platforms. The company recently entered into a Partnership agreement with Gonzena Hydrocarbon Energy company in Delta state, Nigeria. Through PIL, Petrogress has expanded its footprint in the oil and gas industry by acquiring ninety percent of a Ghanaian company “Petrogres Africa Co. Ltd.” The participation is strategic to further align Petrogress as a vertically-integrated petroleum company while also creating a wealth of opportunity providing the company eligibility to bid on local Ghanaian market and the northern countries. Utilizing Petrogres Africa (PAF) as a local vehicle, the company is able to locally market oil products, monitoring closely its operations in the area, conduct its shipping business and attend closely their affiliate’s tanker fleet.
RECENT PRESS RELEASES
March 20, 2018: Petrogress, Inc. Announces Supply Agreement Expanding Operations into Ghana
February 13, 2018: Petrogress, Inc. Announces Expansion of Operations into Nigeria
December 19, 2017: Petrogress, Inc. Announces Joint Venture with International Marine Fleet & Offshore Support Provider
November 8, 2017: Petrogress, Inc. Forms Cypriot SPV to Operate Limassol Port Facility
November 1, 2017: Petrogress, Inc. Sub Acquires Interest in Ghana SPV; to Operate in Local Upstream and Oil Trading
October 5, 2017: Petrogress, Inc. Announces Formation of Advisory Board – Appointment of Members
September 26, 2017: Petrogress, Inc. Acquires Interest in SPV and Commences US Oil and Gas Operations
September 26, 2017: Petrogress, Inc. Acquires Interest in SPV and Commences US Oil and Gas Operations
Petrogres is one of the few with local presence in W. Africa and comprehensive product coverage. As physical traders, we gain first-hand experience of economic fundamentals as they play out on the ground.From small beginnings, in the last three years we’ve grown rapidly and became a key crude oil trading entity in the area. Our sales proves that the company is growing year by year with substantial benefits to remain for the company’s developments.
Petrogres has grown from 2012 through 2015 and management expects the trend to continue to grow. Since 2012, Petrogres has moved a total of approximately 800,000 barrels of LPFO oil and had gross revenues (unaudited) of approximately $65 million, as follows:
| || |
| || || |
|2012 || ||109,091 || ||$ ||10,000,000 |
|2013 || ||127,854 || || ||12,723,373 |
|2014 || ||175,000 || || ||19,737,828 |
|2015 || ||387,093 || || ||23,778,978 |
2016 3/31 10Q: https://backend.otcmarkets.com/otcapi/company/sec-filings/11405144/content/html
2016 6/30 10Q: https://backend.otcmarkets.com/otcapi/company/sec-filings/11561568/content/html
2016 9/30 10Q: https://backend.otcmarkets.com/otcapi/company/sec-filings/11874177/content/html
2016 10K: https://backend.otcmarkets.com/otcapi/company/sec-filings/11995179/content/html
2017 3/31 10Q: https://backend.otcmarkets.com/otcapi/company/sec-filings/12084359/content/html
2017 6/30 10Q: https://backend.otcmarkets.com/otcapi/company/sec-filings/12232279/content/html
2017 9/30 10Q: https://backend.otcmarkets.com/otcapi/company/sec-filings/12392920/content/html
2017 10K: To be released
All SEC Filings
GREECE - Head Operating Office Petrogres (Hellas) Co 10, Sp. Trikoupi Str., Piraeus 185 38
T: + 30 210 4599 741 F: +30 210 4599 744
E-mail: firstname.lastname@example.org GHANA - Operating Office Petrogres Africa Co. Ltd P.O. Box 715, Gbawe Community 1, Tema-Ghana
T: +233 200 900302
335, Ag. Andrea Str, Limassol
T: +357 257 48125 F: +357 257 48005