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Grid Petroleum Corp. (OTCBB: GRPR): The Board of Directors are pleased to announce that Grid Petroleum has entered into an agreement with its joint venture partner Solimar Energy Limited for the exchange of working interests in certain jointly held Kreyenhagen Ranch Prospects.
The company previously held a 16% interest of several leases jointly with Solimar Energy Limited comprising approximately 5000 acres. The exchange allows for Grid Petroleum to increase its interest in certain leases to 84 % of approximately 1100 acres in the Kreyenhagen Trend with Operatorship, while releasing the companys 16% interest in certain other leases in the Kreyenhagen ranch.
This is a significant step forward for the companys development of its California holdings states company President James Powell. The company is now in a position to move forward without any further delays due to our joint venture partners development schedules.
The company is previously announced that it has achieved its Operators Number for the State of California. Operator Number G3570
The company plans to immediately begin the mapping planning and drill site selection process for the development of these leaseholds upon completion of the transfer of interests has been recorded. The company will be the Operator of these lease holdings.
Upon completion of the planning process the company will then be making Drilling Permit applications for its first development well.
Specific details of the lease exchange will be included in the 8-k filing Monday December 16.
Just a quick question regarding
The new Jocalitos prospect
Isen't that area of interest a nother one of solimars prospects?
http://www.solimarenergy.com.au/solimar-projects.php?p=10
DLTA's 10q 8/13/13
Quote
Premont Northwest Field, USA
On August 20, 2012, the Company acquired its 10% working interest in the Garcia #3 and the continuing development rights in the field with an agreement with Progas Energy Services LLC, a Texas oil & gas company (“Progas”) to jointly develop the field located in Jim Wells County, Texas, known as the Premont Northwest Field. The Company acquired these interests through the issuance to Progas of 236,134 common shares at an initial cost of $0.15 per share and its pro-rata share of drilling costs, which was $49,460. The Company has also paid its pro-rata share of $42,000 for two re-completions.
The first four wells in this field have shown oil stains in at least one zone per well. The Company’s operator is awaiting an electric installation which will power the pumps so that testing of each well can begin. The Company’s operator expects the installation of electrical power to occur within the next few months.
Well it didn't take the beating I thought it would... Just kinda traded sideways today which is good IMO
Solimar released news on Cali today
But not sure if it has anything to do with grid just yet
http://www.solimarenergy.com.au/documents/121015_Khagen_Release.pdf
Don't u mean close to a 1000$ a day if barrel is trading in around 92$ ....
What was the date on that pr via yahoo
Thanks
Is there someone to complain to. To force them to give info?
Got mine set at 0.04 !
Mine are for sale at 0.04
How long does it usually take for them to figure out numbers
Lowest volume I've seen In a while, especially after a good pr....
PR is out
**Garcia #3 Drilling has Reached Total Depth. Oil Shows Indicated.**
DENVER, August 20, 2012-- Grid Petroleum Corp. (OTCBB: GRPR): The
Board of Directors is pleased to announce that Grid Petroleum has
received Notification from the Premont Joint Venture Operator, Progas
Services Inc, that the Scorpion Number 1 has reached the wells total
depth of 3850 feet.
The Scorpion drilling rig #1 has been on location drilling for nine
days and has reached a depth of over 3850 feet, with no adverse
drilling issues to date.
The well is in the process of being Gamma Ray logged by the onsite
geologist analyzing and interpreting the logs to determine the
commercial viability of the Garcia #3 well.
Target geological zones have been identified and cored for further
analysis to determine porosity and permeability.
“Grid Petroleum has been informed that there are significant Oil
shows during the later stages of the drilling when the target
formations were encountered” states Grid Petroleum Corp president
James Powell. “The indications we have received so far are very
positive to date, however an accurate determination of the commercial
viability of the Garcia #3 well will be made upon the completion of
the analysis of the well logs and core data.”
The Company will monitor situation and report progress regarding the
well log interpretation and core data as it develops.
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.
At that time I was here but don't remember if there was a paid pump?
Higher highs and higher lows... Slow and steady but always up! IMO
GRPR ----news out--- up 54%
GRPR--- news out and news coming ....oil by next week .... BIG MONEY
$$$$$$
GRPR------news of oil coming within a week Big money $$$$$$$
Yeah I get the emails ,,, just that I haven't received that one yet... Hope to see it tommorow morning though
GLTA
Where'd you find the news it's on nowhere to be seen on any other site?
Lol , I think that's like a 10$ trade
Here's hoping there's any kind of news today!
What a downer! No update... Holding strong but getting impatient
Wow .... Has progas miss informed grid again?
No news all week ,,, if nothing Monday , we'll probably see even lower lows!
Then maybe they're just buys that got filled late ... There's 2 just after closing
A few after hour buys came in ... Always a good sign IMO
I think that comes to 20k $ someone's betting big on grid
It's no joke ... The stock doesen't show any trades on my brokers site or via ihub.... I've been here quite some time and have got a large amount of grpr stock...the list is on the otcbb website
Found this on a nother board
1. The reason for the removal is that the largest MM on the OTCBB is going out of business today and therefore all their client got dropped by OTC including ####
We are not being delisted
We will still trade on qb
Grid might be dropping to a pink
But there's a lot of other stocks on the bb that are in the same boat today
But why is it that even ihub doesen't show the activity ?
Yeah me to , if some of you guys made buys already its not showing up in volume ... I'm using td water
I just hope they live up to their word this time and start next week.... There's been a couple of estimated start date pr's in the past.
So I think I'm gonna wait t'ill they actually get rig on the site and start drilling before I throw any more $ on grid
Grid Petroleum Corp. Garcia #3 Drilling Update
Grid Petroleum Corp. Garcia #3 Drilling Update
PR Newswire
DENVER, July 20, 2012
DENVER, July 20, 2012 /PRNewswire/ -- Grid Petroleum Corp. (OTCBB: GRPR): The Board of Directors are pleased to announce that Grid Petroleum has received Notification from Progas Services Inc, the Joint Venture Operator, informing the Company that the Scorpian Number 1 drill rig will be moving onsite this coming week.
The Operator of record for the Garcia #3 well, Kidd Production, has previously deferred all enquiries to Progas Services Inc and Dan Polk regarding the continued delays for the start date of the Garcia #3 well.
The Company has verified the Drill Rigs availability for the Garcia #3 well, conditional upon the finalization of payment by the Joint Venture Operator, Progas Services Inc.
Upon the deposit of the funds required to drill the Garcia #3 well, the drilling rig will move onto the drill site to begin the drilling process.
"Dan Polk of Progas Services Inc has committed to the Company that the funds are available and will be moved to the drilling account to allow for the rig to move onsite and begin drilling next week." States Company president James Powell, "This is the commitment from the Joint Venture Operator the Company and its shareholders have long been waiting for."
The Company cautions that the current rain conditions in the area may cause a minor delay, however subject to Progas Services Inc performing under their commitment, the rig will be onsite next week.
The Company will monitor the situation on a daily basis and report any progress in the situation as it develops
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.
News out ! Drilling some time next week!
Well it is Friday the 13th, where most see it as unlucky, I'm feeling really lucky to be able to buy more at these cheap prices
Hope your right about the growth ....
I'm just curious if we can track their
Operator filling via Texas railroad commission the same way we watched their drill permit..
Maybe by publicly putting down progas and kidd, they'll shift project into high gear just to save face
Looked more like someone dumping 600k to me