Petrotech Oil and Gas Has Begun Selling Ga

BEDFORD, TX--(Marketwired - Feb 7, 2014) - PetroTech Oil and Gas Inc. (OTC Pink: PTOG) (the "Company" or "Petrotech") Update:

Petrotech Oil and Gas is pleased to announce we have completed the following work on the Brown lease. All of the lease roads, the tank battery, and well sites have been rebuilt and graveled allowing for all weather access. All of the electrical has been examined, and either repaired, and or replaced. The disposal well was tested and a manual Integrity Test (MIT) completed for state inspection, and a triplex injection pump was installed to begin disposing of the wastewater. Several leaks were located in gas gathering line to wells, metering/sales point all were repaired, and We have begun selling gas. We have rebuilt five wells and currently have a disposal well and four gas wells producing over 40 MCF per day. As the wells are dewatered and re-injected back into our oil producing zone in the Bartlesville zone we expect the gas production to triple and the oil zone to pressure up and support the 18 well drilling program currently underway. To initiate our 18 well drilling program we engaged a geologist with an extensive background of the various pay zones in the area to spot locations, create a reserve report and develop a dewatering of the gas wells and water injection plan to support our new well program. Our first drilling permit was approved on January the 29 ^th and we began drilling on January 30 ^th Brown well 29-1. The well was drilled to 750" setting 112' of 7" surface casing, Dual Induction and Compensated Density Logs were run showing approximately 15' of pay zone in the upper and lower Bartlesville zones. The 4.5-inch production casing, float shoe, centralizers and casing hanger are set to be delivered and cemented into place as soon as the weather breaks.

"We are very excited as we get closer to completing our first project, we are already pumping gas, and will see revenue begin to come in over the next 30 days, and as soon as the weather breaks we can shoot the first well that's been drilled and get into oil production asap," said Eddie Schilb, president of PTOG.