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Monday, January 31, 2011 2:28:23 PM
Investor Relations: Posted on Monday, January 31, 2011 8:34 AM
Petrolia Group, LLC is a privately held, licensed operator in Texas and currently operates approximately 10,300 net mineral acres, 87 wells, 31 miles of pipeline, and an in-active 23.5 BCF gas storage facility in Brown and Comanche County Texas. An independent reserve report dated January 2010 estimates total reserves under Petrolia Group management to be 3.6 billion cubic feet of natural gas and 7.4 million barrels of oil. Petrolia Group specializes in re-development, in-fill drilling, secondary recovery, and modern well completion techniques to revitalize existing production and enhance previously developed, but unexploited reserves. Petrolia Group is actively pursuing development and on-shore acquisition opportunities throughout the US including resource-shale plays, joint-ventures, farm-outs, and contract operating opportunities.
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