DALLAS, Texas, July 9, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Petron Energy II, Inc. ("Petron II" or the "Company") (OTCBB: PEIID ) Petron Energy II, Inc. (Petron II) announces Operations update on Garrett Lease in Creek County, OK.
Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, the transportation of natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary. The Company's operations are based in the United States.
On July 8, 2014 the company announced that it had closed on its Garret Lease acquisition with Mr. Bill Sperling. The company announced this morning that they have stimulated two zones in the Garrett #3 well and have begun to swab the well back. Floyd Smith, President and CEO of Petron Energy II, Inc., states "Our swab test on the Garrett #3 well have been successful thus far and we hope to finalize our testing sometime this week and put the well online for commercial production very soon." "The company plans to commingle the Wilcox and Dutcher zones and produce both pay zones simultaneously. The Garrett #3 has a very well developed payzones remaining behind pipe for potential future production. The company will report results as soon as they are available."
About Petron Energy II, Inc.:
Petron Energy II, Inc. is a Dallas-based, oil and gas exploration and production company. For further information about the Company, please visit our website http://www.petronenergyii.com .
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Petron Energy II, Inc. Floyd Smith +1 (972) 272-8190
