$GRPR huge accumulation + 25%! On alert ~ Recent c
Post# of 102250
Posted On: 11/05/2015 2:43:29 PM
$GRPR huge accumulation + 25%! On alert ~ Recent corporate update and farm-in agreement>>
"Upon evaluation of the projects the corporation has targeted," stated Edward Aruda, President of Grid Petroleum Corp, "there is tremendous value in the acreage and the amount of recoverable oil in each of the projects. As the price of oil has dropped below $50 per barrel of oil, leasing costs, exploration costs, drilling costs, and completion costs have dropped making this an excellent time to invest in oil and gas properties. It is now more affordable to acquire acreage and projects than any other equivalent time in this industry."
http://www.marketwatch.com/story/grid-petrole...2015-10-01
In addition, the Board of Directors recently announced that Grid Petroleum has entered into a Farm-in agreement on the "Panther Project" located in Garfield County, Montana.
The "Panther Project" covers approximately 22,000 net acres and includes the Cougar Prospect, the Lynx Prospect, and the Bob Cat Prospect. Grid will acquire a 3D Survey over the Cougar Prospect and Farm-In on a 1/3 for a 1/4 basis by drilling a well to 200 feet below the top of the Heath formation on the Cougar Prospect.
Once production is established, Grid will earn a 50% interest in approximately 3,000 acres representing the Cougar Prospect. Additionally, one-half of the 3D survey costs will be considered operational expenses and will be paid back through production.
http://finance.yahoo.com/news/grid-petroleum-...00867.html
About Grid Petroleum Corp.
Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost, high reward oil and gas prospects utilizing infill drilling to develop proven potential reserves in the United States and Canada.
"Upon evaluation of the projects the corporation has targeted," stated Edward Aruda, President of Grid Petroleum Corp, "there is tremendous value in the acreage and the amount of recoverable oil in each of the projects. As the price of oil has dropped below $50 per barrel of oil, leasing costs, exploration costs, drilling costs, and completion costs have dropped making this an excellent time to invest in oil and gas properties. It is now more affordable to acquire acreage and projects than any other equivalent time in this industry."
http://www.marketwatch.com/story/grid-petrole...2015-10-01
In addition, the Board of Directors recently announced that Grid Petroleum has entered into a Farm-in agreement on the "Panther Project" located in Garfield County, Montana.
The "Panther Project" covers approximately 22,000 net acres and includes the Cougar Prospect, the Lynx Prospect, and the Bob Cat Prospect. Grid will acquire a 3D Survey over the Cougar Prospect and Farm-In on a 1/3 for a 1/4 basis by drilling a well to 200 feet below the top of the Heath formation on the Cougar Prospect.
Once production is established, Grid will earn a 50% interest in approximately 3,000 acres representing the Cougar Prospect. Additionally, one-half of the 3D survey costs will be considered operational expenses and will be paid back through production.
http://finance.yahoo.com/news/grid-petroleum-...00867.html
About Grid Petroleum Corp.
Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost, high reward oil and gas prospects utilizing infill drilling to develop proven potential reserves in the United States and Canada.
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