Petron Energy II Inc (fka PEII)

[JackStraw]

I have always maintained that key to PEII's success will be the press releases subsequent too the draw down on the $10 mil line of credit. If that money is properly allocated to increase production. This should have a nice upward run in PPS.

Now they have the funds, its time to execute the plan


"the Company is able to immediately begin drawing down working capital in an amount up to $10 Million Dollars." Smith further states, "Our current strategy is to use the bulk of these funds to increase production. Our team has worked extremely hard in accomplishing this great milestone which will allow our company to move ahead in implementing our 2014 CAPEX Plans. As I stated in a previous email we have three (Snyder/Simon, Edwards and Redder) of our largest leases scheduled for completion this year. We are well underway with secondary recovery procedures on the Snyder/Simon lease and will report a status update very soon."


IMO