Oil Investors Wait As Iran Sanctions Loom

According to Bloomberg Markets, President Trump “plans on sticking with an agreement that suspends American sanctions on Iran in return for limiting its nuclear research, according to two administration officials familiar with the matter.”  He must decide by Friday. But with these possible sanctions hanging over Iran, investors are hesitant to invest in Iranian oil.

Trump’s Plan To Open California’s Coasts To Drilling Will Probably Fall Flat

An article in the Los Angeles Times cites state regulators and simple economics as reasons why new offshore drilling opportunities, promised by the Trump administration, will probably amount to nothing more than a few news headlines. The piece maintains that “California has powerful legal tools to head off new offshore development, and the price of …

Venezuela Set To Launch Oil-Backed Cryptocurrency

Venezuela’s government has announced a plan to release a cryptocurrency backed by 5.3 billion barrels of oil worth $267 billion.  According to reporting by CNBC, “President Nicolas Maduro surprised many earlier this month when he announced the “petro” cryptocurrency, to be backed by OPEC member Venezuela’s oil, gas, gold and diamond reserves.” Industry insiders are skeptical …

This Micro-cap Oil Company – A Real “David and Goliath” Story

While no one gets destroyed in this story, the prevaling tale is the same.  The smaller prevails over the larger.  It is in oil rich California where this saga is unfolding. California is the nation’s third-largest oil producer behind Texas and North Dakota, according to the federal government. The majority of the supply comes from …

In Oil Meltdown This Oil Company Excels

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 …

Continued Oil Discoveries Creates Business and Market Momentum for this Small Cap Company

Momentum is described in the dictionary, “as the amount of motion occurring in something that is moving, or the force that drives something forward to keep it moving”.  Momentum seems to be what Petro River Oil (PTRC) is experiencing now.  They have announced a third well to be drilled in as many weeks with success …

A Third Dimension In Oil Discovery

Phil Flynn at TalkMarkets.com has written about Petro River Oil, focusing on the company’s use of modern technology to identify structures in historical oil fields that have produced several million barrels of oil without the benefit of 3-D seismic imaging. The Third Dimension In Oil Production By Phil Flynn There is much talk about the …