The Third Dimension In Oil Production
By Phil Flynn
There is much talk about the shale revolution in oil production but perhaps shale is not the only answer. While a lot of money is moving into shale projects, one company is moving away from it. A company called Petro River (OTCBB: PTRC) believes that conventional oil production is still the most economical method but adds a 21st Century twist. A twist that if successful, could put shale oil production to shame. Think of it as some unconventional thinking on conventional oil production or perhaps a new dimension: a third dimension. Petro River’s plan is to reduce the cost of oil production to below the cost of shale production with the motto that 3D seismic technology is the new production frontier.
I recently had the opportunity to speak with Scot Cohen, the Executive Chairman of Petro River….
Disclaimer: OG Market Report has been compensated in the past, and expects to be compensated in the future, by Petro River Oil Corp. for investor relations services. OG Market Report reserves the right to be compensated for investor relations services by companies mentioned in this article. OG Market Report is not liable for any investment decisions by its readers or subscribers. OG Market Report is NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.