Current Stock Price
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Focus
1. Core assets in California and Oklahoma have produced more than 200MM barrels of oil.
2. U.K. North Sea located in the shallow basin of the Zechstein region.
3. U.K. North Sea project within close proximity to major discoveries in 2019.
Robust & Scaled Growth Profile
1. Robust growth and success utilizing 3D seismic to discover, extend AND develop new
fields.
2. Two direct projects in Osage County Oklahoma, and the United Kingdom.
3. Began new 10 well program in Osage County in Q1 of 2019 by drilling three exploration wells. Seven additional wells are planned to be drilled as a part of this program.
Financial Strength & Flexibility
1. Petro River is fully funded with zero debt.
2. Over $50M invested to date.
3. Initial 10-well drilling program has resulted in positive cash flow capable of funding Petro’s North Blackland expansion in 2019 with as many as 10 new wells.
4. Combined production of 1,150 bbls/day across both California projects.
Proven Management Team
1. Experienced and seasoned management team.
2. Strong geoscience and engineering expertise
Featured On
Corporate Strategy
We pursue scalable, repeatable and lucrative drilling programs in shallow, proven oil & gas basins.
ACQUIRE
Contiguous acreage blocks in portions of proven oil & gas basins not previously explored with 3D seismic.
EXPLORE
Utilize modern 3D Seismic technology to identify low-cost and high-return prospects,
particularly those with stacked and multi-zone potential.DEVELOP
Implement scalable and repeatable development programs by focusing on low-risk, multi-pay reserves.
Corporate Strategy
We pursue scalable, repeatable and lucrative drilling programs in shallow, proven oil & gas basins.
ACQUIRE
Contiguous acreage blocks in portions of proven oil & gas basins not previously explored with 3D seismic.
EXPLORE
Utilize modern 3D Seismic technology to identify low-cost and high-return prospects,
particularly those with stacked and multi-zone potential.DEVELOP
Implement scalable and repeatable development programs by focusing on low-risk, multi-pay reserves.
Using modern tech in a proven industry.
Using modern 3-D Seismic acquisition, processing and interpretation technologies, Petro has made two field discoveries, and identified numerous drilling targets under 4,480 acres of structural enclosures. This same seismic is driving the Company’s successful development and expansion of its West Blackland and North Blackland discoveries.
Using modern tech in a proven industry.
Using modern 3-D Seismic acquisition, processing and interpretation technologies, Petro has made two field discoveries, and identified numerous drilling targets under 4,480 acres of structural enclosures. This same seismic is driving the Company’s successful development and expansion of its West Blackland and North Blackland discoveries.
Exploration in the North Sea
Location
Offshore, United Kingdom
License Area
600,000 Acres
Working Interest
14.5455% Membership Interest Owned by Petro River
2019 Drilling Plan
Horizon has sponsored a new 3D seismic survey which is currently being acquired over a material portion of the licenses.
Read our Full Release on the U.K. Project
Production In Kern County, CA
Why Kern County?
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Four Oil Giants of Kern County
Midway Sunset: 3.4 Billion Barrels of Oil
Kern River: 2.5 Billion Barrels of Oil
South Belridge: 2.0 Billion Barrels of Oil
Elk Hills: 1.5 Million Barrels of Oil
Reasons for Exploration
MOUNTAIN VIEW
Mountain View Project
- 5,750 Acres
- One well producing 400 flowing barrels per day.
- Permanent production facility, anticipated to be completed by year-end 2019, capable of accommodating 1,500 barrels of oil per day.
GRAPEVINE
Grapevine Project
- 1,500 Acres
- Currently drilling three wells at 750 barrels per day.
- Permanent production facility in place.
The California Projects in Kern County, California are operated by wholly owned subsidiaries of Horizon Energy Partners, LLC, of which Petro River Oil Corp. owns 14.52%. President of Petro River Oil Corp. Stephen Brunner also sits on the Board of Directors of Horizon Energy Partners, LLC.
.
Hover on the blue markers to see
the current status of each well.
West Blackland 4-3
Drilled & Completed
West Blackland 8-3
To Be Drilled
West Blackland 9-3
Drilled & Completed
West Blackland 3-3
Currently Drilling
West Blackland 2-3
Drilled & Completed
West Blackland 7-3
To Be Drilled
West Blackland 6-3
Drilled & Completed
West Blackland 5-3
Drilled & Completed
West Blackland 1-3
Drilled & Completed
2-34
South Red Eagle 1-34
Drilling Our New 10 Well Program in Osage County
Drilling Our New 10 Well Program in Osage County
West Blackland 4-3
Drilled & Completed
West Blackland 8-3
To Be Drilled
West Blackland 9-3
Drilled & Completed
West Blackland 3-3
Currently Drilling
West Blackland 2-3
Drilled & Completed
West Blackland 7-3
To Be Drilled
West Blackland 6-3
Drilled & Completed
West Blackland 5-3
Drilled & Completed
West Blackland 1-3
Drilled & Completed
2-34
South Red Eagle 1-34
Click on the blue markers to see the current status of each well.
Why Osage? Our concession is rich with history, and oil.
Why Osage?
Our concession is rich with history, and oil.
0
ACRES FOR DRILLING0
EXPLORATION/ DEVELOPMENT WELLS$0
DRILLING & COMPLETION COST PER WELL$0+ MILLION
PROJECTED LIFETIME CASHFLOW PER WELLVideo
Video
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View our Corporate Deck, or schedule a call with investor relations.
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View our Corporate Deck, or schedule a call with investor relations.
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WE WOULD LOVE TO HEAR FROM YOU
Petro River Oil (NYC)
55 Fifth Avenue, Suite 1702
New York, NY 10003
Petro River Oil (Houston, TX)
4582 Kingwood Drive Suite E, Box 521
Kingwood, TX 77345
Phone: 1-469-828-3900
Email: ir@petroriveroil.com
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Send us a Message
WE WOULD LOVE TO HEAR FROM YOU
Petro River Oil (NYC)
55 Fifth Avenue, Suite 1702
New York, NY 10003
Petro River Oil (Houston, TX)
4582 Kingwood Drive Suite E, Box 521
Kingwood, TX 77345
Phone: 1-469-828-3900
Email: ir@petroriveroil.com
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