PTOG is our ultra cheap oil play that could run today

 

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
 
 

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