Trade Alert: Major News and Bounce Play from PTOG Petrotech Oil and Gas, Inc. 2520 Harwood Road Suite 200 Bedford, TX 76021 Phone: (817) 684-0672 petrotechog.com PetroTech Oil and Gas, Inc.'s Brown 29-1 Well Has Completed Successfully, and Will Begin Production First and foremost PTOG is in the Enhanced Oil Recovery business and uses a mix of its own patent technology to develop pumping systems for the oil industry! As if that weren't enough to get excited about: PTOG recently announced that the company through LP.US Management Group Inc. will enter into the emerging market for medical and recently legalized recreational marijuana in the United States. LP.US has been established to be the Management Company. This branch will specialize in managing the growers of legalized Marijuana and Hemp in the states where they are allowed to grow.
PROFILE: PetroTech Oil and Gas, Inc. uses multiple patent technologies for Enhanced Oil Recovery (EOR), and, in some cases, will use their new pumping system co-developed by PetroTech. Throughout the United States, there are primary depleted oil reservoirs representing billions of barrels of oil that lend themselves to the use and exploitation of Enhanced Oil Recovery and PetroTech Oil and Gas, Inc.'s proven patented technology. Without EOR technology, these reservoirs will yield only about 20% of their original oil reserve. Gas injection EOR is a proven method that has been in use over the last 50 years in the oil fields of West Texas, Kansas, Oklahoma, Michigan, Wyoming and Oklahoma. Starting in the late 1990's, PetroTech began researching various EOR methods to find an alternative gas to pure CO2 for EOR. In doing so, the Company discovered that a N2-CO2 mixture was 2-3 times more efficient than CO2 in the recovery of stranded oil. PetroTech was introduced to a patented exhaust unit that was more efficient than regular CO2, with a prototype of that equipment being built for injection purposes and being further developed for commercial use. PetroTech has analyzed the different types of oil producing reservoirs in most of the major geological basins in the United States, and has determined that the use of our extraction methods will enhance the recovery of stranded oil reserves in these areas that otherwise may never be produced. The pinnacle reefs, other reefs in Texas make excellent reservoirs for EOR because they are compact, have consistent reservoir properties, thick pay columns, and are overlain by an impermeable cap seal. However, other formations have responded favorably as well. These reservoirs represent over 300 million barrels of recoverable stranded oil. PetroTech's patented method and technology has the potential to have a major impact on the recovery of stranded oil in U.S. basins. This statement is based, in part, on the fact that there is an unlimited source of gas, an inexpensive infrastructure to transport the gas, and data that supports that a mixture of CO2 and N2 is more efficient than CO2, in some trials. The cost and recovery of a project will be dependent on size of structure and depth, and will range depending on the type of formation and treatment design. Company forecasts project it will yield an additional 20% to 40% of oil in place, in a period of 5 years. Each successful project is estimated to have a six to twelve month payout. About LP.US Management Group, Inc. PetroTech's subsidiary, LP.US Management Group, Inc., was founded to enter the rapidly growing medical and recreational Cannabis and Hemp market with the goal of establishing business licenses and opportunities around the legal cultivation, production and distribution of Cannabis and Hemp related products and services. News Highlights: PTOG announced on 2/26 that it has expanded Cannabis and Hemp production and distribution channels in states of Washington and Colorado. As a result, the company has increased its projected production capacity to a minimum of 60-70 pounds per state, per month, with an average market price of 3,000.00 dollars per pound. THIS NEWS SENT THE STOCK UP 133% PTOG has already begun selling the oil it has recovered using its patented technology. |
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Pink Sheets: PTOG
Market Value: 4,503,000 a/o Feb 26, 2014 Shares Outstanding: 114,000,000 a/o Nov 30, 2013 Float: 81,500,000 a/o Nov 30, 2013 Authorized Shares: 750,000,000 a/o Oct 18, 2013 Par Value: 0.001 Shareholders of Record: 339 a/o Sep 10, 2013 Short Interest: 44,677 (1,159.22%) Feb 14, 2014 Transfer Agent: ClearTrust, LLC RECENT NEWS: PetroTech Oil and Gas, Inc.'s Subsidiary (Legalizepot.us Inc.) LP.US Management Group, Inc. Announces Expansion in Washington and Colorado Major Developments and Milestones Established This Week for PetroTech, Tanke, Strategic Global, Raptor and Agenus KEY EXECUTIVES: Eddie Schilb President
Kenneth Wiedrich CFO
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