Grid Petroleum Rises after New AcquisitionGrid Petroleum Rises after New Acquisition
Grid Petroleum Corp (GRPR, Free Analysis), an oil and gas company, rose more than 20% higher during today’s session after completing the acquisition of Joaquin Basin Resources Inc. The acquired company has mineral lease hold rights to approximately 4,000 acres of oil and gas property in the prolific central California Joaquin Basin, and the firm will announce its reserve assessments as soon as possible.