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PetroTech Oil and Gas, Inc. Updates Shareholders on Plans to Achieve Fully Reporting Status and Ongoing Operations
PetroTech Oil and Gas, Inc. Updates Shareholders on Plans to Achieve Fully Reporting Status and Ongoing Operations.
About this update from Petrotech Oil & Gas Inc
[{"type":"text","content":"\n \n \n PetroTech Oil and Gas, Inc. Updates Shareholders on Plans to Achieve Fully Reporting Status and Ongoing Operations\n \n \nPetroTech Oil and Gas, Inc. Updates Shareholders on Plans to Achieve Fully Reporting Status and Ongoing Operations\n \n BEDFORD, TX--(Marketwired - May 7, 2014) -  PetroTech Oil and Gas, Inc. (OTC Pink: PTOG) (PINKSHEETS: PTOG) (the \"Company\" or \"PetroTech) today updated shareholders on progress of the Company's 2-year audit and its continued efforts to grow revenues and increase shareholder value through expansion of its core business operations.\n The 2-year audit, a key step in the Company's goal to achieve fully-reporting status, is expected to be completed in the next several weeks. As a fully-reporting company, PetroTech will not only be seen as having the highest degree of transparency and credibility among public companies, but it is also expected to provide a wider range of public market listing options for the Company's stock.\n In addition to ongoing work to complete and file the audited financials, PetroTech continues to successfully operate its core business in the oil and natural gas sector. Petrotech Oil and Gas, Inc has a 100% ownership in Nowata Prospect #12 lease. A well is in the process of being drilled at this site with completion expected in the next several weeks. Petrotech has generated revenue from the sale of over 1/2 of its ownership of this specific lease, but will maintain a backend working interest on that portion. Ongoing operations also include the application of patented enhanced recovery techniques on existing oil and natural gas leases, the production of oil and gas from those leases, and the identification of additional leases as potential future acquisitions. For detailed information on the Company's services, please visit http://petrotechog.com/eor/. \n About PetroTech Oil and Gas, Inc.:\n 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 technolo...