New Pick: PEIID.
Thursday's New Play is PEIID.
Pull it up Now. It went wild last Thursday.
Can it do it again? Up and Coming Energy Co. looking to Break-
Out in a Booming Industry.
(PEIID) is on immediate at just $.034
put it on your RADAR!
The Company's name is Petron Energy II, Inc.
The Website is www.petronenergyii.com.
Petron Energy II, Inc., PEIID together with its subsidiaries,
engages in the acquisition and development of properties
for the production of crude oil and natural gas, t
he transportation of natural gas through its pipeline subsidiary
and well servicing through its servicing subsidiary.
The Company's operations are based in the United States.
TEXAS PROPERTIES
The company recently agreed to acquire approximately 2800 acres in Munday (Knox County) Texas, this property is comprised of 48 wells. The property has 34 of 48 existing wells capable of producing commercial quantities of oil. We are reviewing the property for further producing zones which may be available.
OKLAHOMA PROPERTIES
Petron purchased a 75% stake in approximately 1100 acres with 59 wells in Wagoner and Tulsa Counties, Oklahoma. We have 56 existing wells and 3 newly drilled wells. This acreage has 5 to 7 payzones, which are capable of producing oil, gas and or both commodities.
The company has purchased 75% equity stake in a 105 mile pipeline gas system, Petron Energy II Pipeline, Inc. The pipeline system extends from Wagoner County into Tulsa County Oklahoma. This system is critical to our development in the area because it provides us access to deliver our gas to market at minimal cost. We believe our ownership of the gas pipeline system will provide us opportunities to grow our acreage as we are the only transporter of natural gas in the area.
The company has also purchased a 75% stake in a second gas pipeline system, Petron Energy II TNT, Inc. This pipeline system extends 30 miles through Wagoner, Mayes, Rogers and Tulsa Counties Oklahoma. There were over 450+ wells drilled and tested in anticipation of the completion of this gas system. This system provides access to a natural gas market for us along with development opportunities for the company. Petron Energy II TNT pipeline is the only gathering system to transport natural gas in the area.
Tradition, PEIID Petron Energy II, Inc. continues a tradition of developing oil and gas properties in low risk areas with years of proven production history.
In oil rich Texas and Oklahoma.
The main take away here is that oil and gas in the US is booming. Operations
like PEIID are paving the way for America to become a global leading
producer of "black gold".
PEIID just went through a reverse split early this month. Keep
you eye on what happens from here. We could see a repeat of
last Thursday!!
**As always use our findings & conduct your own research.
More Details To Follow
Trade Well,
Stock Professors
Do your own DD. Don't take anything I say as Investment Advice. I'm just Playing the Pennie's like You.
AI
