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Petrol Oil and Gas Inc. (OTCBB: POIG). New Profiled Featured Company on NaturalGasStocks.com.
by Anonymous
POINT ROBERTS, WA July 1, 2004 -- www.InvestorIdeas.com is pleased to announce that Petrol Oil and Gas Inc. (OTCBB: POIG) has retained the services of InvestorIdeas.com and is currently a profiled Featured Company on NaturalGasStocks.com. Petrol Oil and Gas is focused on creating Coal Bed Methane (CBM) production in Kansas and Missouri, and expects to announce the results of their exploration drilling and laboratory testing program shortly. NaturalGasStocks.com does not make recommendations, but offers a unique information portal to investors to research news, articles, and recent research.
Our current list of natural gas stocks: http://www.naturalgasstocks.com/Companies/HOGC/News/NaturalGasStocksList.asp
The Petrol Story:
For a physicist who’d spent thirty years examining, testing, and even patenting new technologies and techniques for unconventional natural gas production, to make the transition from being a scientist to a gas producer there had to be some pretty compelling reasons.
Fortunately for the small group who founded Petrol Oil and Gas Inc., they had their fair share of compelling reasons, and they managed to convince Mr. Paul Branagan to step in and head the company. The result is Petrol Oil and Gas Inc. (OTCBB: POIG), which is developing a Coal Bed Methane play in the Forest City Basin and Cherokee Platform of southeastern Kansas and western Missouri.
Management Profiles: http://investorideas.com/Petrol_Oil_and_Gas/ManagementProfile.asp
The compelling reasons?
- New technologies, some of which Mr. Branagan, President of Petrol, helped create, are making CBM more practical and profitable than ever before.
- Coal Bed Methane (CBM) is an increasingly important part of US domestic gas supply, supplementing dwindling conventional gas reserves.
- In 2001, Eastern Kansas wasn’t yet on the radar as a CBM play, despite decades of shallow oil and gas production from conventional sources. Petrol managed to secure a significant lease base (165,000 acres and counting), straddling two long-established and successfully-producing areas, prior to the majors who’ve followed them into the area.
- Forest City Basin and Cherokee Platform coal beds lying under the Petrol leases are part of the Western Interior Basin – one of the largest CBM basins in the US.
- Petrol’s leases are crisscrossed by four major interstate pipelines, meaning a ready market and higher prices for their gas production, along with lower transport costs.
- Seven initial exploratory wells on Petrol’s lands in Kansas and five exploratory wells in Missouri have all shown good CBM potential. Lab analysis continues, as does the dewatering and limited gas production process to prepare the wells for gas sales into a pipeline.
Speaking about what the Company has discovered to date, Mr. Branagan says, “Everything appears to be in place to indicate that we have as good a CBM play as the producing CBM areas to the south. Coal beds are there, gas content is there, dewatering is there and infrastructure is there.” What’s more, he adds, “This country is beginning to understand the need for the US to reduce its reliance on imported petroleum products and is now willing to support companies that can show them a way to do that from relatively untapped domestic resources, such as CBM.”
Petrol Corporate Profile: http://investorideas.com/Petrol_Oil_and_Gas/CorporateProfile.asp
For more information contact:
Trevor Ruehs www.NaturalGasStocks.com
1-866-354-5197
Email: truehs@investorideas.com or agibson@investorideas.com
Web Site:
http://www.InvestorIdeas.com
ECON Investor Relations Inc. is a privately owned corporate communications company specializing in investor relations, media relations and research in public companies and industry sectors for the investment community. Nothing on the site should be construed as an offer or solicitation to buy or sell any specific products or securities.
Disclaimer: http://investorideas.com/About/
Petrol Oil and Gas, Inc. June 15th - 2004 - $4000 - per month and $6000 per month in 144 shares featured Company on NaturalGasStocks.com.
SOURCE: InvestorIdeas.com
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.
For full details, click here: http://www.investorideas.com/Petrol_Oil_and_Gas/NewsReleases.asp
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