PetroTech Oil and Gas, Inc. Updates Shareholders on Plans to Achieve Fully Reporting Status and Ongoing Operations
Marketwire - Wed May 07, 7:45AM CDT
PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) (PINKSHEETS: PTOG) (the "Company" or "PetroTech) today updated shareholders on progress of the Company's 2-year audit and its continued efforts to grow revenues and increase shareholder value through expansion of its core business operations.
Critical Analysis on NELP-X Opportunity: Helping take decision on Go or No-Go
M2 - Mon Apr 14, 7:58AM CDT
Research and Markets (http://www.researchandmarkets.com/research/j6kn9p/critical_analysis) has announced the addition of the "Critical Analysis on NELP-X Opportunity: Helping take decision on Go or No-Go" report to their offering. India has an estimated 3.14 Mn sq. Km of sedimentary area, comprising of 26 basins. The E&P operations are spread over 19 of these 26 sedimentary basins, bringing nearly 2.15 Mn sq. km of the total area within the boundaries of exploration activity. However, there is still an overwhelming 130 Bn. Barrels of Oil & Oil Equivalent Gas (out of the total 200 Bn Barrels) tagged under the Yet-to-find category, with only 70 Bn. Barrels having so far been converted to In Place Volumes. The primary reason is that, only 22% of the total sedimentary area is Moderately to Well Explored, leaving nearly 78% of the area pending to be explored. Broadly putting this in business terms, the Indian yet-to-find Oil & Oil Equivalent Gas (OEG) market is nearly USD 14,000 Billion scale (@ 110 USD/bbl) and is waiting to be tapped. Prior to the NELP, which was initiated during 1999, the country's E&P industry was restricted to PSU's, namely- ONGC (1956) and OIL (1959). However, the NELP (under the DGH) has till-date witnessed nine rounds of E&P bidding where 254 blocks have been awarded, covering an area of 1.5 Mn. Sq. Km (- 48% of the total sedimentary area). The challenge, among others, faced by the Indian E&P sector is the limited response from private and international E&P companies (may be read as, companies that are technically advanced and highly skilled in carrying out operations in deep and ultra-deep offshore regions), something that the government has been desperately trying to change till present day (referring to Indian PM Mr. Manmohan Singh recent call out, at the 2014 Petrotech Conference, to foreign and Indian companies to drill in India as crisis for energy is looming large on Indian skies). Till date, the NELP has been operating under the framework of Production Sharing Contract (PSC) mechanism, which allows for a cost-recovery by the contractor (engaged in E&P) first before paying the government its share. However, the highly publicized and extensively dragged turmoil in the domestic gas supply scenario due to the under-production from KG-D6 asset (under RIL's control) has been so alarming and drastic that the government has decided to come-out with a new and apparently fool-proof mechanism of engaging a contractor for performing E&P in India. Key Topics Covered: 1. Executive Summary 2. Outlook on India's energy balance and primary energy supply source mix 3. Outlook on India's Crude Oil and Natural Gas demand 4. Outlook on India's Crude Oil import and import mix historic trend 5. Price curves of Crude Oil and Natural Gas in India 6. Understanding of the requirement of Crude Oil based on the current and evolving refining capacity in the country 7. Outlook on India's long-term planning for Crude Oil tie-up 8. Indian E&P sector: Historic outlook on policy framework, NELP bidding, type of blocks, companies who had participated, success rate, discovery, production curves, etc 9. Broad outlook of state-wise and basin-wise Oil & Gas fields in India 10. Broad outlook of unconventional gas in India 11. Broad analysis of the success/failure of NELP, in terms of attracting private (domestic and international) players interest and outlook towards Indian E&P business 12. Case Study: Select major E&P companies in India, discussing: entry into the Indian E&P sector, growth & evolution, allotted blocks, status of discovery, financial health, etc 13. Critical analysis of PSC vs Revenue Sharing Mechanism highlighting key advantages and shortfalls 14. Critical analysis of blocks on offer in NELP-X 15. Geographical mapping and high-level analysis of NELP-X blocks vis-?-vis existing blocks (offered in NELP and Pre-NELP stage), in order to understand: 16. Critical analysis of consumer market of Oil & Gas in India, including their price elasticity 17. Authors view-point 18. Conclusion For more information visit http://www.researchandmarkets.com/research/j6...l_analysis
PetroTech Oil and Gas, Inc. Comments on Temporary Trading Suspension
Marketwire - Fri Mar 21, 6:10PM CDT
PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) (PINKSHEETS: PTOG) (the "Company" or "PetroTech) today commented on the temporary suspension of trading of the Company's securities and stated its intention to both investigate the reasons for the temporary suspension and explore its options moving forward.
SEC Temporarily Suspends Trading on Petrotech Oil and Gas
ACCESSWIRE - Mon Mar 17, 8:51AM CDT
On Mar. 14, the Security and Exchange Commission (SEC) announced that it was temporarily suspending trading of Petrotech Oil and Gas Inc.'s (OTC Pink: PTOG) stock.
Cannabis Market News & Volume Leaders Briefing - Company Signs LOI For Washington State Cannabis Retail Outlets
PR Newswire - Thu Mar 13, 7:59AM CDT
Medical marijuana industry experiences high volume in trading as companies ramp up operations and acquire resources: PetroTech Oil and Gas, Inc. (OTC: PTOG), OSL Holdings Inc. (OTC: OSLH), The CannaBusiness Group, Inc. (OTC: CBGI) and Nuvilex, Inc. (OTC: NVLX)
LegalizePot.us Cannabis & Hemp Division: Signs JV to Set Up State of the Art "Green Friendly" Cannabis Retail Outlets
Marketwire - Wed Mar 12, 7:46AM CDT
PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) (PINKSHEETS: PTOG) (the "Company" or "PetroTech) subsidiary company Legalizepot.us and LP.US Inc., is pleased to announce that Steven Machat (founder & CEO), and Jae Benjamin (president) of Legalize Pot have signed a letter of intent with a large Real Estate group in Seattle Washington, this week to close on a joint venture to open a series of state of the art "green friendly" cannabis retail outlets in the downtown Seattle area.
LegalizePot.us Cannabis & Hemp Division: Signs JV to set up state of the art green friendly cannabis retail outlets.
eTeligis - Wed Mar 12, 7:31AM CDT
PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) (the "Company" or "PetroTech) subsidiary company Legalizepot.us and LP.US Inc., is pleased to announce that Steven Machat (founder & CEO), and Jae Benjamin (president) of Legalize Pot have signed a letter of intent with a large Real Estate group in Seattle Washington, this week to close on a joint venture to open a series of state of the art "green friendly" cannabis retail outlets in the downtown Seattle area.
LP.US. Inc. Music Repertoire and the Voter Registration Momentum in Florida
Marketwire - Mon Mar 10, 3:16PM CDT
PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) (PINKSHEETS: PTOG) (the "Company" or "PetroTech"
Analyst Coverage Updates Shareholders of Petrotech Oil and Gas by BrokerBank Securities, Inc.
PR Newswire - Mon Mar 10, 6:00AM CDT
Petrotech Oil and Gas Inc (OTCBB: PTOG) In February 2014, the company announced plans to set up a subsidiary in Colorado and Washington to target the company's entry into the medical and recreational marijuana market in the US. The management company will specialize in managing the growers of legalized marijuana and hemp in the states where it is legal to grow. The company is acquiring warehouse facilities in Telluride, CO, and currently has six growers in Colorado and three in Washington, with plans for expansion.
LegalizePot.us Cannabis & Hemp Division: PTOG's New Subsidiary Continues Expansion Into Rhode Island, and Sets Up to Support Legalization in Florida
Marketwire - Thu Mar 06, 7:45AM CST
PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) (the "Company" or "PetroTech) announced today their LegalizePot.us Inc. is continuing to expand their business model into Rhode Island with a 2500 square foot grow facility up to 50 plants, and 50 to 70 lbs. a month management agreement. Along with their already expanded Cannabis and Hemp production and distribution channels in the states of Washington and Colorado.
PetroTech Oil and Gas, Inc.'s Brown 29-1 Well Has Completed Successfully, and Will Begin Production
Marketwire - Fri Feb 28, 7:45AM CST
PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) (the "Company" or "PetroTech"
DirectView Enters Agreement with Colorado Marijuana Facility Developer; CannaBusiness Acquires NorCal Connection LLC
ACCESSWIRE - Wed Feb 26, 11:09AM CST
West Palm Beach, FL / February 26, 2014 / The Cannabis-Marijuana Sector is rapidly expanding as industry up and coming companies position themselves in this exploding sector. Four companies issuing news today are DirectView Holdings, Inc. (OTC: DIRV), The CannaBusiness Group, Inc (OTC: CBGI), Nuvilex, Inc. (OTC: NVLX) and PetroTech Oil and Gas, Inc. (OTC: PTOG). To be one of the first to get news as it occurs, visit http://www.marketnewsupdates.com/.
PetroTech Oil and Gas, Inc.'s Subsidiary (Legalizepot.us Inc.) LP.US Management Group, Inc. Announces Expansion in Washington and Colorado
Marketwire - Wed Feb 26, 7:45AM CST
PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) (the "Company" or "PetroTech) announced today it has expanded Cannabis and Hemp production and distribution channels in states of Washington and Colorado. The company has secured a Medical and Recreational License from the state of Colorado, and has signed on six licensed growers, as well as three additional growers in Washington. They are currently negotiating to lease warehouse space in Tacoma, Washington, and a dispensing storefront in Telluride, Colorado.