Petron Energy II Inc (fka PEII)

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$PEII Major Announcement !

Petron Energy II, Inc. announced today that it will begin secondary operation on its Snyder/Simon lease in Tulsa, Oklahoma during the month of November. This lease is comprised of 13 Dutcher Sandstone existing wells, the Dutcher Sandstone has been oil and natural gas productive since the mid-1920's. The company has 18 leases which it expects to implement its brand of secondary recovery flooding, which involves water and natural gas injection. The two reservoirs we will focus on for secondary flooding operations are the Dutcher and Wilcox, each has been extremely productive over the years for primary oil and natural gas production. Additionally the company believes the estimated daily production range for each lease is 30 -- 50BOE/D.