Petron Energy II Inc (fka PEII)

[GoldRus]

That was my buy at 1516 hr for another 78500 shs. IR Rick just called me back pretty quickly. Here's the scoop. They are in the process of stimulating the wells. He called it coloring up process! They pump water into the well and it returns colored with oil. Water oil concentration. I guess that's how they can tell what they have. I also asked Rick abt the share structure. His answer to me ten min ago as follows:

As of 10/21 1 bil Auth
188 mil O/s
Float 131 mil

Says he thinks news can be expected next week on the progress of the lanina and Covenent.