Petroshare Corp. (fka PRHRQ)

[$hellKing]

The Company has acquired an initial acreage position of approximately 1280 gross acres (333 net acres) in the core of the oil dominated Niobrara / Codell resource development fairway in the southern end of the Greater Wattenberg Field area of NE Colorado.

This area has developed into one of the most economic unconventional resource plays in the U.S. due to its lower development costs and excellent oil and gas reserve potential. The core area of the development fairway has demonstrated a resilience to low commodity prices as many large operators continue to devote a majority of their US onshore capital budgets to this area.

As a result of the ongoing activity in this area, PetroShare expects to initiate development activity as both an operator and as a non-operator during 2016. This initial acreage position is the first acquisition of what the Company expects to be many others under its exclusive oil & gas leasing arrangement with Kingdom Resources LLC, Castle Rock.



http://www.petrosharecorp.com/properties.htm