Audio from interview available at http://thestockradio.com/
(New York, New York)—January 12, 2016 – Petro River Oil (OTCBB: PTRC) (“Petro River” or the “Company”) announced today that audio from an interview with their President, Mr. Stephen Brunner, is now available for listening at http://thestockradio.com/.
During the interview, Mr. Brunner discussed Petro River’s: (a) corporate strategy, (b) diversified portfolio of assets, (c) operating economics / market positioning, and (d) management expertise.
As part of the Company’s operating strategy, Mr. Brunner cited the importance of maintaining a balanced portfolio of high potential assets with finding and development costs of under $10 per barrel, and the mitigation of risk through the use of modern technology. Mr. Brunner went on to discuss the current economics of the Company, noting an unlevered balance sheet and sufficient working capital (for initial phases of exploration; approximately $23.5 million).
About Petro River.
Petro River Oil Corp. (OTCBB: PTRC) is an independent exploration and development energy company focused on applying modern technologies to oil and gas assets. Petro River’s core holdings are in the Mid-Continent Region in Oklahoma. Petro River utilizes its regional and global expertise to develop hydrocarbon resources, build reserves and create value for the company and its shareholders. Petro River Oil also maintains ownership of Petro Spring, a technology focused business. For more information, please visit our website: www.petroriveroil.com.
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This news release contains forward-looking and other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward looking statements. These forward looking statements, projections and statements are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in Petro River’s annual report on Form 10-K, its quarterly report on Form 10-Q, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. Petro River assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, Petro River undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
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