PetroGas Company (PTCO)

[Detox33]

PetroGas Company is headquartered in Houston, Texas. It is an oil and gas exploration and production company focused on the acquisition of properties in areas with significant oil reserves and drilling potential. The Company’s growth strategy includes the acquisition of oil fields from distressed third parties at a substantial discount to the value and the development of fields whose potential has not been fully maximized.

Let’s begin with the beneficial news.The company acquired interests in oil and gas mineral rights in Terry County, Texas. We don’t believe that the acquisition will be a game changer for the company, but it is a clear evidence of growth. The new interests consist of a minority stake in two large sections of three different surveys in the county totaling 1,600 acres. Terry County has over 3,600 drilled wells running and is meant to be a proven oil and gas production area, where many major production companies operate.

With the momentum of new contracts on the horizon and new wells coming on line looks like it will be a promising 2019 for PTCO don’t let this one pass you up New highs coming hold tight.