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Petrichor Energy Inc V.PTP.H

Alternate Symbol(s):  ODEFF

Petrichor Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on acquiring, exploring and developing new oil and natural gas reserves in North and South America. Its property consists of Marble Falls Property. The Marble Falls Property covers approximately 11,695 acres of oil-rich Pennsylvanian Limestone, located in the Forth Worth Basin, North Texas in various counties, namely Young, Jack, Archer and Clay Counties. The Company has acquired a 66.67% working interest in Marble Falls Property. Its additional formation targets include the Atoka Conglomerates, the Caddo Limestone and the Mississippi Limestone (Chester Lime and Chappel Lime).


TSXV:PTP.H - Post by User

Post by stockeditoron Mar 25, 2014 8:55pm
208 Views
Post# 22367355

They hit OIL, that's GOOD

They hit OIL, that's GOODthat's what the game is all about. This was a test well in order to gain knowledge of the surrounding geology. The oil is a bonus. They are now gaining first hand experience about the shale formation, which will help them idenntify future drill sites. i am happy at this point, and we are definetly heading in the right direction. The old flow will pay for the costs of drilling the well.
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