$PEII 52 week high .12 within last 5 day's!
|
Petron Energy II, Inc. Reports Update on LaNina and Covenant Wells in Its Oklahoma Properties
Petron Energy II, Inc. Reports Update on LaNina and Covenant Wells in Its Oklahoma PropertiesDALLAS, TX--(Marketwired - Aug 1, 2013) - Petron Energy II, Inc. (OTCBB: PEII) reports update on LaNina #2 and Covenant #5 wells in its Oklahoma properties. 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, transporting natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary, in the United States. Floyd Smith, President and CEO of Petron Energy II, Inc. states, "In our July 11, 2013, press release we stated we expected to report production news on the LaNina #2 and Covenant #5 wells in 10 days. We had a temporary setback that has been addressed. This slight delay restarted our adjustment period to determine the optimal production level for each well. Our salt water injection well experienced mechanical problems and shut down. We ordered the parts needed to repair the injection well and took delivery of all parts three days after placing our order and fixed the problem." Smith goes on to say, "We have placed both wells back online and have begun to make adjustments to both wells which is typical during this period as we seek to determine what will be the most acceptable level of production for each well. We have great expectations for each well, so getting this right is critical to our company and we will leave no stone unturned while working to maximize the production potential for each well." Smith further states, "As we mentioned in our last press release if each well experiences the type of production results as the Potis and TJS adjacent wells which produced 70 and 50 BO/D respectively, it would make our LaNina and Covenant wells the largest producing wells in Petron II's history. We will report updated production news for the LaNina #2 and Covenant #5 as soon as it is available." About Petron Energy II, Inc. : Notice Regarding Forward-Looking Statements Contact: Source: Marketwired (August 1, 2013 - 7:30 AM EDT)
News by QuoteMedia |
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
