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Petrox Resources Corp V.PTC

Energy Oil & Gas E&P
Petrox Resources Corp. is a Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. The Company's principal business is the acquisition, exploration, development and production of petroleum and natural gas in Canada. The Company has a production property in Fletwode, Saskatchewan that produces approximately 17 barrels per day (bbls/d). Its operations also include Bashaw, AB Nisku Light Oil. It has a 100% working interest in approximately 110 acres in the Nisku Formation (D-2H pool).


TSXV:PTC - Post by User

Petrox Resources Corp
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  • YoungInvestor89X
Comment by YoungInvestor89on Jun 15, 2022 11:54pm
114 Views
Post# 34760244

RE:Why do they need to do the consolidation?

RE:Why do they need to do the consolidation?They need to consolidate to do a private placement. It says that clearly in the news release. They are doing it to raise money and probably buy more assets.
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