Petrogress is well funded to support its present activities; - $80 million gross revenues 2009 – 2016 / EBITDA $7,969,567 (ROI 15.43%) - $122 million Sales Projection for 2017 – 2020
2016 Placed order to purchase 2 LNG vessels in USA Growing the fleet of Tankers from four currently to six
Since consummation of the SEA, Petrogres has successfully negotiated several new operational affiliations and partnerships to strengthen its existing oil operating platform. In November 2016, Petrogres entered into an alliance agreement with Prometheus Maritime Ltd., a Nigerian corporation (“PML”), a crude oil and gas trading company (the “Alliance Agreement”). Pursuant to the terms of the Alliance Agreement, Petrogres and PML agreed to cooperate towards a petroleum project in Nigeria , including the supply and transportation of oil commodities to various end-buyers throughout West Africa (the “Nigeria Petroleum Project”), with Petrogres acting as the lead party. ..see Pg 4 Description of Business https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11995179
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