An oil exploration article Monday in Forbes.com states, “If not approaching its twilight years, global exploration potential is sporting tell-tale signs of middle age”. Don’t tell that to oil exploration company Pero River Oil (PTRC) (STOCK PRICE) Coming off two discoveries last month in Osage County, OK and possibly a third this month, Petro now sets …
Watch below to understand how 3-D Seismic technology helps oil and gas exploration companies find oil.
By Kenny Soulstring (CNA Finance) Now that the U.S. has an administration in the White House that is bent on making the nation energy independent, investors should embrace an opportunity to find and profit from emerging, under-the-radar stocks. Finding them is not enough, though. Investors also need the willingness to get out in front of …
There is no sure-fire method to eliminate risk in searching for oil. 21st century technology has yet to provide a perfect solution however, it is rapidly expanding the way in which companies identify oil and gas reserves. In light of the global surge in shale fracking or unconventional exploration these technological advancements are also addressing …
Petro River Oil (OTC:PTRC) just announced it made a significant oil discovery. While most oil and gas industry headlines are focusing on the ability to make a profit with oil trading at near rock bottom prices, why is a discovery important? Previously announced oil discoveries in Alaska by Spanish oil company Repsol SA (BME:REP) and …
Two oil companies announce discoveries and one seeking a discovery in Oklahoma. Falling oil prices, excessive spending on shale technologies and massive layoffs have been the industry’s headlines since 2014. But lately news is trending towards new discoveries and optimistic forecasting of an industry struggling to maintain viability in the eyes of their shareholders. A …
By Mitchell Posner It was less than three years ago when the IEA predicted that by 2020, the US would pump past Saudi Arabia to become the world’s largest oil producer, and a net exporter by 2030. Today, it seems farfetched. Let’s consider what happened and what it says about the future. The IEA isn’t …
PETRO RIVER OIL CORP 3PTRC Description This is a small, illiquid international exploration upstream E&P company. It is also a deep value investment with asymmetric upside potential and a company with proportionately lots of cash to deploy into a depressed market in a counter cyclical strategy. Its worth touching on some of my past failed …
New York, New York – May 4, 2016. Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the “Company”) is pleased to announce that it has completed its acquisition of Horizon I Investments, LLC (“Horizon Investments”) in an all-stock transaction. As previously disclosed, as a result of the closing, Petro River acquired $5.0 million in cash …
API crude oil stocks The API (American Petroleum Institute) is scheduled to release its weekly crude oil inventory report on Tuesday, May 3, 2016. The API reported that US crude oil inventory fell by 1.1 MMbbls (million barrels) between April 15, 2016, and April 22, 2016. The API added that Cushing crude oil inventories rose …