PPTO Full Profile!
Aug 20th, 2009 by beststockreport
Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America. Precision’s objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity.
As well, PPTO aims to define larger projects that can be developed with Joint Venture Partners.
This company is focused on increasing the U.S fossil fuel productivity. With this information I feel this is going to be big!
If you look at thier quarterly report you can see positive numbers.
Check Out Some Of PPTO’s Latest news:
Precision Petroleum Corporation (OTC.BB : PPTO) continues to extend its oil production expansion program.
Richard Porterfield, President, advises that the Company has recently acquired Overriding Royalty Interests in two adjacent leases, East and West Moreland located in Nowata County, Oklahoma. The Moreland leases consist of 14 producing wells from the Bartlesville Sand including a SWD waste water injection facility.
Mr. Porterfield advises that the extra bonus on Moreland lies in the secondary recovery potential. As a result of the shallow geology, artificial reservoir enhancement will be very cost efficient. Engineering is being prepared to convert strategic wells within the group into injectors. Water recovered from production will be pressure re-injected into the Bartlesville formations to beef up the reservoir pressures.
Porterfield states that this secondary program could potentially more than double the existing recoverable and probable reserves.
So hold tight as I will keep you posted to the huge moves going on with PPTO!
So please get to your due diligence, you can start at PPTO’s website:
www.precisionpetroleumcorp.com
PPTO In My Opinion Could Explode NOW!
If you were kicking yourself on our early summer oil and gas play that shot off 203%
Here Is A Second Chance!
Staff@MonsterPennyStocks.com
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