Petrol Oil and Gas Announces
Receipt of OTCBB Trading Symbol
March 30, 2004 9:22:00
PM ET
Petrol Oil and Gas Inc. POIG announced today that they are in receipt of
their trading symbol (POIG) for the Over-the-Counter Bulletin Board and
have commenced trading of its common stock on the OTCBB.
"We are extremely pleased that the NASD has authorized the quotation
of Petrol on the OTCBB. Our stockholders and the public will now have the
opportunity to buy and sell Petrol shares through this public
market," stated Paul Branagan, president of Petrol.
Petrol is a development stage company structured to become an operating
entity in the exploration, development and production of coal-bed methane
("CBM") gas and other producible minerals. Petrol maintains
mineral lease rights on approximately 150,000 acres in eastern Kansas and
western Missouri. As part of its exploration and development strategy
Petrol has drilled 6 exploratory wells on its leases in Coffey County
Kansas and 1 exploratory well in Cass County, Missouri. All of these
wells are currently undergoing reserve evaluation, stimulation analysis
and production testing.
Forward-Looking
Statement: The statements in this press release regarding any implied or
perceived benefits from the Coal Creek Project, plans to drill additional
CBM gas wells, anticipated revenues, the actual number of supportable
wells, the acquisition of additional oil or gas leases, maintaining
mineral lease rights, and any other effects resulting from any of the
above are forward-looking statements. Such statements involve risks and
uncertainties, including, but not limited to, the continued production of
gas at historical rates, costs of operations, delays, and any other
difficulties related to producing minerals such as oil or gas, continued
maintenance of the oil field and properties, price of oil or gas,
marketing and sales of produced minerals, risks and effects of legal and
administrative proceedings and governmental regulation, future financial
and operational results, competition, general economic conditions, and
the ability to manage and continue growth.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual outcomes may vary
materially from those indicated. Important factors that could cause
actual results to differ materially from the forward-looking statements
we make in this news release include market conditions and those set
forth in reports or documents we file from time to time with the SEC. We
undertake no obligation to revise or update such statements to reflect
current events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
Source:
Petrol Oil and Gas Inc.
Petrol Oil
and Gas, Inc. is a featured company on
www.NaturalGasStocks.com
Contact:
Investor Information:
Petrol Oil and Gas Inc.
702-454-7318
www.petroloilandgas.com
or
CEOcast,
Inc. for Petrol Oil and Gas
Ed
Lewis, 212-732-4300 x 225