Phoenix Rising Companies Inc (PRCX)

[DaReal]

According to the RSSV Webpage they don't drill for oil at all:

Tieshan Oil

Tieshan Oil (TO) is located in Sub B23, No. 1, YanFu Road, FangShang District BeiJing City, PRC (????????????1?-B23) PRC. Tieshan commenced business operations in November 2005 and has operated continuously since that date.

TO’s management team includes:
Cui Wen; General Manager and Sales Manager
Kang Weibing; Technician
Zhang Shulan;Logistical Manager
Liu Mengyang; Accounting Manager

TO’s business model is to acquire a variety of chemical products and compounds extracted and processed from crude oil to produce refined oil products. TO’s staff is small but very professional and expert in this field. They have successfully identified several sources of supply and new sources present themselves from time to time as the marketplace for such materials knows TO’s high quality reputation.
TO has a multiple clients base from date of incorporation, including 2 gasoline operators in China named YanDong Petrol Group and YanDong Hao Teng. All TO’s clients are licensed “gasoline operators”.

The compounds, chemicals and products traded to TO include:
Methyl tert-butyl ether
Mineral oil
Paraffin Oil
Petrolatum Liquid
Alcohol Based Liquid Fuel
2, 2, 4-Trimethylpentane
Pentane Foamer
Natural Gasoline
Xylene
Dimethylbenzene
Aromatics Solvent

The demand for these products remains strong as The PRC continues to grow both its industrial and consumer markets.
This is a dynamic market subject to fluctuations and unexpected changes brought on by both political and market matters, Nevertheless, Tieshan has successfully managed the impact of such factors and remains an important part of the refining oil industry in Beijing city (Capital of China)
Tieshan’s major operating expense outside of G&A costs is tank storage which is used for production and storage at a cost of $1,400.00 (USD) per month.
Generally speaking, TO arranges for products to be delivered directly to the user from the source.

as taken from the old webpage...

https://rssv.vip/Subsidiaries.html

Per latest 10K:

eijing Yandong Tieshan Oil Products Co., Ltd.

Tieshan Oil acquires a variety of chemical products and compounds that are extracted and processed from crude oil and hydrocarbons. Tieshan Oil acts as an intermediary broker of methyl tert-butyl ether, mineral oil, paraffin oil, petrolatum liquids, alcohol based liquid fuel, trimethylpentane, pentane foamer,
natural gasoline, xylene dimethylbenzene, aromatics solvent, and other chemical products and compounds. It identifies sources of supply and purchasers of these chemical products and compounds, and Tieshan Oil principally engages in the trading of these oil, gas and lubricant products within the PRC. Since it's
incorporation, Tieshan Oil has had a number of clients for these brokered products, including two gasoline operators in China, YanDongPetrol Group and YanDon Hao Teng. All of its clients are licensed gasoline operators. While this is a dynamic market, subject to fluctuations and unexpected changes brought on
by a variety of political and market matters, Tieshan Oil has successfully managed the impact of these factors and remains an important part of the oil refining industry in Beijing, PRC.

Hope that helps.