May 25, 2015 – Petro River Announces Change in Pearsonia West Concession Requirements From Horizontal Well Obligations to Vertical Well Obligations


HOUSTON, TX – May 25, 2015. Petro River Oil Corp (“Petro River” or the “Company”) announces that, on May 20, 2015, by a unanimous vote 8-0 the Osage Mineral Council approved the newly agreed upon terms and conditions for the Pearsonia West Concession (“Pearsonia West”), a 106,500 contiguous acre position in Osage County, Oklahoma, held by Spyglass Energy Group LLC. Petro River owns a controlling interest in Pearsonia West through its investment in Bandolier Energy LLC, whole owner of Spyglass Energy Group LLC. The new concession terms and conditions allow for vertical drilling obligations to hold the concession which previously had horizontal drilling obligations. This announcement coincides with Petro River’s recently announced intention to develop the concession vertically which, historically, has produced attractive return profiles in the region….

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April 2, 2015 – Corporate Update Vertical Drilling & Corporate Acitivities

Program Expected to Produce Economic Results at Current Crude Oil Prices

Houston, TX – April 2, 2015. Petro River Oil Corp. (PTRC) (“Petro River” or the “Company”) is pleased to provide an update on its proposed drilling program on its core asset, the Pearsonia West Concession (“Pearsonia”) in Osage County Oklahoma, as well as other recent corporate activities.

Pearsonia comprises one of the largest contiguous oil and gas acreage positions in Oklahoma, at approximately 106,000 acres. Petro River acquired a controlling interest in the asset in May 2014 through an investment in Bandolier Energy LLC. Pearsonia had been previously exploited by horizontal drilling in Mississippian reservoirs and the future exploration and development strategy was to target similar reservoirs through horizontal drilling. In order to best develop Pearsonia, Petro River is actively pursuing a vertical development program built upon the 36 miles of high quality proprietary 3D seismic. Our technical team has identified a number of structural closures, ranging in size from 160 acres to 1000+ acres. These structures are suitable for and support a vertical development program that can be implemented in the near future and that we believe has economic merit in the current low crude oil price environment…

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March 3, 2015 – Petro River Completes Acquisition of the Havelide SystemTM Gas-to-Liquids Technology

Acquisition Expands Technology-Focused Business of Petro Spring

Houston, TX– March 3,2015 Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the “Company”) is pleased to report that its wholly owned subsidiary Petro Spring LLC (“Petro Spring”) has completed the previously announced acquisition of all the assets owned by chemical solutions provider Havelide GTL LLC (“Havelide”), including certain patents, intellectual property, trade secrets, and know-how related to Havelide’s process of converting natural gas to high value liquid products, including naphtha, hydrogen peroxide, and hydrogen gas (the “Acquisition”). The process known as “The Havelide SystemTM” achieves gas-to-liquid (“GTL”) conversion through a proprietary molten salt catalyst…

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Timeline – Press Releases and Corporate Activity

Petro River Announces Change in Pearsonia West Concession Requirements From Horizontal Well Obligations to Vertical Well Obligations

HOUSTON, TX – May, 2015. HOUSTON, TX – May 25, 2015. Petro River Oil Corp (“Petro River” or the “Company”) announces that, on May 20, 2015, by a unanimous vote 8-0 the Osage Mineral Council approved the newly agreed upon terms and conditions for the Pearsonia West Concession (“Pearsonia West”), a 106,500 contiguous acre position in Osage County, Oklahoma, held by Spyglass Energy Group LLC.

Full Press Release
May 25, 2015

Petro River Annouces Vertical Drilling Program in Osage County

HOUSTON, TX – April 2, 2015. Petro River Oil Corp. (PTRC) (“Petro River” or the “Company”) is pleased to provide an update on its proposed drilling program on its core asset, the Pearsonia West Concession (“Pearsonia”) in Osage County Oklahoma, as well as other recent corporate activities.

Full Press Release
April 2, 2015

Petro River Acquires Clean Air Technology, Coalthane Tech LLC

Houston, TX– March 5, 2015 Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the“Company”) today reported that its wholly owned subsidiary Petro Spring LLC (“Petro Spring”) has closed on a transaction to acquire substantially all the assets owned by Coalthane Tech LLC (“Coalthane”), including certain intellectual property, trade secrets, and know-how related to Coalthane’s proprietary technology to reduce methane emissions from coal-mines and other wells (the “Acquisition”). Specifically, the technology targets fugitive gas sourced from coal-mine methane (CMM), ventilation air methane (VAM), abandoned mine methane (AMM), and/or fields of coal-bed methane producing wells (CBM). This technology leverages similar chemistry and thermodynamic processes as the recently acquired Havelide System.TM

Full Press Release
March 5, 2015

Petro River Completes Acquisition of the Havelide System Gas-to-Liquids Technology

2015 Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the“Company”) today reported that its wholly owned subsidiary Petro Spring LLC (“Petro Spring”) has entered into an agreement to acquire substantially all the assets owned by chemical solutions provider Havelide GTL LLC (“Havelide”), including certain patents, intellectual property, trade secrets, and know-how related to Havelide’s process of converting natural gas to high value liquid products, including naphtha, hydrogen peroxide, and hydrogen gas (the “Acquisition”). The process, named “The Havelide SystemTM” achieves gas-to-liquids (“GTL”) through a proprietary molten salt catalyst.

Full Press Release
March 3, 2015

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