PTOG .011 More Huge News: Petrotech Oil and Gas, J
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PTOG .011 More Huge News: Petrotech Oil and Gas, Joint Venture With Rolling Hills Oil and Gas North Dakota Has Obtained the First Contract With a Multibillion Dollar Industry Giant to Provide Completion Rigs PR Newswire ”Press Releases US -
PetroTech Oil and Gas Inc. (OTC: PTOG) (the “Company” or Petrotech “), PetroTech ‘s joint venture with Rolling Hills announced this afternoon that Rolling Hills has obtained the first executed contract to provide completion rigs with Halcon Resources , a multibillion-dollar industry leader in the Bakken Shale play, and other major areas of the US. The contract will provide for one-year probation period and will generate $20,000.00 a day per rig, plus additional charges for additional services.
“We believe that once both rigs are manufactured and working full time per 24 hour period, the two rigs could generate over $640,000.00 per month.” Said Eddie Schilb president of Petro Tech Oil and Gas , ” The contracts require two stages and execution of the two contracts for completion, but we have completed the first part and are confident in completing the balance” he added, we will keep our shareholders up to date once everything is done.
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