GRPR Grid Petroleum Corp. Grid Petroleum Corp
Post# of 98042
Grid Petroleum Corp., a development stage company, focuses on the development, exploration, and production of oil and gas in North America. Garcia #3 Well In May 2012, the company acquired a ten percent working interest, seven point five percent net revenue interest, from a third party interest holder of the Garcia #3 well (10.0 % WI, 7.5% NRI). Joaquin Basin Resources, Inc. The company has an agreement with Xploration, Inc., a Nevada corporation. Xploration assigned Joaquin Basin a 50% working interest (37.5% net revenue interest) in mineral leases of approximately 4,000 acres in the Kreyenhagen Trend and Joaquin Basin assumed all of the liabilities associated with the leases. SE Jonah Prospect The company has a 100% working interest in two located near the Jonah Field region, which encompasses an area of premium natural gas reserves within the Greater Green River Basin in the Rocky Mountains area of Wyoming. The SE Jonah Prospect is located six miles southeast of the Jonah Field. History Grid Petroleum Corp. was incorporated in the state of Nevada with the name Sunberta Resources Inc. in 2006.