Really, then are you saying that the following is a lie:
"Grid Petroleum Corp Enters Into Strategic Funding Agreement
DENVER, CO--(Marketwired - Jun 30, 2014) - Grid Petroleum Corp. (PINKSHEETS: GRPR): The Board of Directors are pleased to announce that Grid Petroleum has entered into a strategic funding agreement with Santa Rosa Resources Inc, a privately held Delaware corporation, for the development of Grid Petroleum's leases in the Kreyenhagen Trend Properties located in the San Joaquin Valley of Central California.
Santa Rosa Resources is currently engaged in a Reg. D, rule 506(c) joint venture offering to fund the drilling of ten wells on the Kreyenhagen Trend leases owned by Grid Petroleum. Santa Rosa Resources' CEO stated, "We are looking forward to drilling five wells into the shallow Temblor Formation as well as five into the Kreyenhagen, Avenal and Monterey Shale Formations. We are hoping to produce between 2,000 and 3,000 barrels a day from the wells once the drilling program is completed."
Grid Petroleum President James Powell remarked, "We are looking forward to developing these leases and hopefully other leases in the future with Santa Rosa Resources. This mutually beneficial arrangement will assist Grid Petroleum in executing its business plan and achieving its long term goals."
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