PEII up 56 % and news just out, must look

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PEII

Hello Everyone and Welcome New Members,

PEII is strong out of the gate and up 56%, make sure you keep a close eye on it. We wouldn`t be surprised to see another strong move through the rest of the day especially as the company just made a huge announcement!

Petron Energy II, Inc. Reports on Production on its Texas Wells

DALLAS, Texas, Aug. 7, 2014 (GLOBE NEWSWIRE) — via PRWEB – Petron Energy II, Inc. (“Petron II” or the “Company”) (PEII) Petron Energy II, Inc. reports on Production on its Texas wells.

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 17, 2014 Petron Energy II, Inc. announced that its Texas daily oil production was approximately 15 barrels of oil per day. This morning the company announced that it recently sold 300 barrels of oil held in its storage tanks. Additionally, the company has scheduled 2 acid stimulation treatments for wells in Texas and plans to continue to perform acid treatments on its remaining Texas wells to assist with production enhancement.

Floyd Smith, President and CEO of Petron Energy II, Inc., states, “By performing acid treatments we believe they should allow for greater improvement in our oil production rates from our Texas wells.”

The company also stated that it expects the final completion work for the Snyder/Simon lease in Oklahoma to be executed within the next few days. Upon completion of this work, the company expects to begin full waterflood operations by injecting roughly 1000 barrels of saltwater per day into the reservoir. When the company completes its 3 waterflood development plans, it projects the total daily oil production range to be 125 – 200 barrels of oil per day. We will provide more updates as they become available. [1]click here to see full announcement

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Make Sure You Put

PEII

On High Alert!

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About PEII

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.

PEII ASSETS

^(All According to company website: [2]click here )

Petron Energy II, Inc. is engaged primarily in the acquisition, development, production, exploration for and the sale of oil, gas and gas liquids in the United States. As of December 31, 2012 the Company is operating in the states of Texas and Oklahoma. The Company sells its oil and gas products primarily to a domestic pipeline and to another oil company.

SUBSIDIARIES

Petron Energy II Pipeline, Inc. is engaged primarily in the transmission of gas and gas liquids for its own wells and third party wells in the United States. As of December 31, 2012 the Company is operating in the state of Oklahoma. In addition, the Company owns two gas gathering systems located in Tulsa, Wagoner, Rogers and Mayes counties of Oklahoma, one of which is fully operational. The pipeline consists of approximately 132 miles of steel and poly pipe, a gas processing plant and other ancillary equipment.

Petron Energy II Well Service, Inc. is engaged primarily in Well Service operation for its own wells currently and expects to begin well service operations for third party operators in the future. As of December 31, 2012 the Company is operating in the states of Oklahoma and Texas. The Company owns all of its equipment used in the Petron Energy II Well Service, Inc.

TEXAS PROPERTIES

The company recently agreed to acquire approximately 2800 acres in Munday (Knox County) Texas, this property is comprised of 48 wells. The property has 34 of 48 existing wells capable of producing commercial quantities of oil. We are reviewing the property for further producing zones which may be available.

OKLAHOMA PROPERTIES

Petron purchased a 75% stake in approximately 1100 acres with 59 wells in Wagoner and Tulsa Counties, Oklahoma. We have 56 existing wells and 3 newly drilled wells. This acreage has 5 to 7 payzones, which are capable of producing oil, gas and or both commodities.

The company has purchased 75% equity stake in a 105 mile pipeline gas system, Petron Energy II Pipeline, Inc. The pipeline system extends from Wagoner County into Tulsa County Oklahoma. This system is critical to our development in the area because it provides us access to deliver our gas to market at minimal cost. We believe our ownership of the gas pipeline system will provide us opportunities to grow our acreage as we are the only transporter of natural gas in the area.

The company has also purchased a 75% stake in a second gas pipeline system, Petron Energy II TNT, Inc. This pipeline system extends 30 miles through Wagoner, Mayes, Rogers and Tulsa Counties Oklahoma. There were over 450+ wells drilled and tested in anticipation of the completion of this gas system. This system provides access to a natural gas market for us along with development opportunities for the company.. Petron Energy II TNT pipeline is the only gathering system to transport natural gas the area.

PUT PEII ON YOUR RADAR RIGHT NOW!

Make sure PEII is on your radar right now!

Your On Time Editor

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