PTOG Strikes Oil!!! Big news just released

 

Good morning (again),
 
Did you see the breaking news PTOG just released this morning?
 
They’ve struck oil!!! That’s pretty big news and could see PTOG alight – read it below

PetroTech Oil and Gas Inc. (PTOG) Hits Oil on Well Number 11 Navarro County Texas

BEDFORD, Texas, August 2, 2013 /PRNewswire/ —

PetroTech Oil and Gas, Inc. (PTOG) is pleased to
announce they have been successful in the first well number 11 in free
flowing oil.

"Pre testing of the chemical intended to treat the well, resulted in
free flowing oil from the annulus, and production from the oil zone into
the test tank beside the wellbore" Said Eddie Schilb President,
PetroTech, he went on to add "We are excited about the results from the
work effort. The primary free flowing IP test indicated pretreatment
production of 5 to 10 barrels of oil per day, and when sustained at that
rate production gross revenue per month could exceed $20,000.00.

"We hope that after major treatment is completed with our own
technology that we will significantly increase that amount," said Ayo
Odetunmibi engineer for Petrotech. He added that 70% of the wells
located on these leases could be productive wells, producing up to 5
barrels of oil per day averages but with the proper treatments, work
over and recomplete procedures; this could yield 350 or more barrels per
day, and it seems we are on the right track so far.

See an exclusive video and informative presentation for
PetroTech Oil and Gas, Inc.’s – "State of Art" Technology &
Developments by viewing: http://www.johnnyrichardson.com/petrotech/petro.html
 
 
The best of luck to you all and have a great trading day.
 
PSG
 
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
 
Good morning,
 
I hope you’ve been making money in the markets this week.
 
Today we revisit a pick we
profiled a while ago that did well, but is set up much better this time
to give us even more gains.
 

PetroTech Oil & Gas, Inc (PTOG)

 

PTOG has been trading along it’s chart bottom for the past
few weeks. It has extremely strong support at current levels, getting
bought at every dip.

PTOG is trading at just over a penny and undoubtedly has significant support around these levels.
 
This gives us another great low risk
opportunity.
 
AT around $0.015, PTOG has a rediculously low market valuation of only around $500k (per OTCMarkets.com). This is insanely cheap compared to its peers.
 
 
Recently PTOG released some pretty big news…

PetroTech Oil and Gas, Inc (PTOG) enters
into a Joint Venture with Pangean Energy on a 16,000 Acre Lease in North Dakota

BEDFORD, Texas, June 13, 2013 /PRNewswire/
— PetroTech Oil and Gas, Inc. (OTC Pink: PTOG), announced today that
PetroTech Oil and Gas Inc. and Pangean Energy LLC through a joint Venture have
entered into a contract to purchase mineral interests in Leases in North
Dakota, Bakken Shale Formations the leases consist of 16,000 acres under
lease, with an additional 14,000 acres under option.

"The acquisition price is $28,800,000.00 to
be paid through a combination of cash, stock and interest in the development of
the wells; (which have no depth restrictions and include several other
potential zones). The transaction is subject to final due diligence by the
purchaser and legal title opinions," said Eddie Schilb, president of
PetroTech (PTOG).

=>> Read this important news in full <<=

 
This appears to be game changing
news for PTOG
. This is a substantial Joint Venture
that has the potential to bring substantial revenues to the Company.

PTOG is an innovative oil and gas company that employs a
proprietary Enhanced Oil Recovery (EOR) strategy to derive immediate revenues
for existing reserves that have been left in the ground.

Using patented technologies for EOR, the Company identifies
opportunities to extract reserves from qualifying oil reservoirs in the United
States.

And throughout the US, there are primary depleted oil
reservoirs representing billions of barrels of oil that could be explored and
extracted using PTOG’s EOR technology.

The deployment of these new and innovative technologies
allow PTOG to bring back to production previously producing wells and recognize
near term cash flow – which in turn is used to fund the development of
additional properties.

And PTOG is well diversified.

They are also a construction and heavy equipment company,
giving them the ability to provide services to third party projects for State
and Independent Oil Companies such as Work Over, Treating, Installation of
production equipment and Plugging of abandoned well.

PTOG targets small and large overlooked oil reservoirs where
they have the ability to maximize oil production and recoveries, while
minimizing the injection time frame and capital investment.

Based on their own models, PTOG believes the payout on any
given project will be between 6 to 12 months, with an IRR exceeding 300% during
the initial three year production period.

==> Learn more about PTOG’s exciting technologies and business model
<==

We think PTOG is poised to deliver
significant gains in the near term. With a bottomed out chart, and huge news
recently released, a bounce in the pps is a strong possibility.

 

The Team
PennyStockGeneral.com
 
 

Click Below to Join Our Social Media Networks
 
     

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