Petro One Energy Corp CUDBF

$100,000,000 in funding to be the first step for POP

[gksrcn61]

This was press released (TSX Approved) on August 1^st 2014 by Petro One Energy.


 
Under the guidance of Chairman Lee Young-Soo, KMDC recently determined to seek opportunities in the Canadian oil patch.  It was introduced to Petro One and ultimately identified Petro One as its preferred candidate.  The Earning and Joint Venture Agreement was negotiated only after extensive due diligence by legal and technical advisors to KMDC, including data due diligence and property site inspections, all which was overseen by Petro One’s Chief Consulting Geologist, Trevor Bremner.  Approximately 70 representatives of the Korean Government, Korean business community and Korean press, including Korean Television, attended the formal signing ceremony in Seoul, at which Petro One was represented by its Chief Executive Officer and Chief Operating Officer.  It was made very clear in the speeches given by Government Officials and Chairman Lee that they consider $100,000,000 in funding to be the first step in a longer term, more comprehensive arrangement with Petro One.


Petro One has a 46Mill MCAP........... not for much longer.


Always do your due-diligence.


We seek safe harbour.

[poise]

Funny, my 12 year old daughter can pick locations right beside some big hits.  Closeology in Se Sask and Manitoba always leads to failure.  Lets hope the next NR will state the purchase of a major position in a prospective sweet spot, ie. Torquay/Bakken effective porosity corridor.  No, please not the Minton. Thats proven very marginal.   JMHO,  goodluck. 

[TSXVNEWS]

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