GRPR NEWS Grid Petroleum Moves Forward with Per
Post# of 102244
Posted On: 06/18/2015 10:36:20 AM
GRPR NEWS
Grid Petroleum Moves Forward with Permitting in California
Grid Petroleum Corp.
MacReport Media
DENVER, CO, United States, via ETELIGIS INC., 06/18/2015 - - Grid Petroleum Corp. (OTC Pink: GRPR) (PINKSHEETS: GRPR): The Board of Directors are pleased to announce that Grid Petroleum has submitted drilling permit applications with the State of California for the Grid Petroleum's leases in the its Kreyenhagen Trend Properties located in the San Joaquin Valley of Central California.
We are looking forward to drilling five wells into the shallow Temblor Formation as well as five into the Kreyenhagen, Avenal and Monterey Shale Formations. We are hoping to produce between 2,000 and 3,000 barrels a day from the wells once the drilling program is completed, Grid Petroleum President, James Powell, stated.
The Companies acreage in the Kreyenhagen Trend will have a total of ten wells producing when drilling is completed. The Company is actively seeking additional acreage that is in the same field as the acreage it currently holds.
The company will be the Operator of these lease holdings.
Grid Petroleum Corporation has cancelled the funding agreement that had it with Santa Rosa Resources Inc. that was announced last year at this time.
Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.
Grid Petroleum Moves Forward with Permitting in California
Grid Petroleum Corp.
MacReport Media
DENVER, CO, United States, via ETELIGIS INC., 06/18/2015 - - Grid Petroleum Corp. (OTC Pink: GRPR) (PINKSHEETS: GRPR): The Board of Directors are pleased to announce that Grid Petroleum has submitted drilling permit applications with the State of California for the Grid Petroleum's leases in the its Kreyenhagen Trend Properties located in the San Joaquin Valley of Central California.
We are looking forward to drilling five wells into the shallow Temblor Formation as well as five into the Kreyenhagen, Avenal and Monterey Shale Formations. We are hoping to produce between 2,000 and 3,000 barrels a day from the wells once the drilling program is completed, Grid Petroleum President, James Powell, stated.
The Companies acreage in the Kreyenhagen Trend will have a total of ten wells producing when drilling is completed. The Company is actively seeking additional acreage that is in the same field as the acreage it currently holds.
The company will be the Operator of these lease holdings.
Grid Petroleum Corporation has cancelled the funding agreement that had it with Santa Rosa Resources Inc. that was announced last year at this time.
Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.
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