Petrol Oil and Gas Inc. (OTC BB:
POIG) New Profiled Featured Company on NaturalGasStocks.com
POINT ROBERTS, WA - MARKET
WIRE - 06/29/04
www.InvestorIdeas.com
is pleased to announce that Petrol Oil and Gas Inc. (OTC BB: POIG) has
retained the services of InvestorIdeas.com and is currently a profiled
Featured Company on NaturalGasStocks.com. Petrol Oil and Gas is focused
on creating Coal Bed Methane (CBM) production in Kansas and Missouri, and
expects to announce the results of their exploration drilling and
laboratory testing program shortly. NaturalGasStocks.com does not make
recommendations, but offers a unique information portal to investors to
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The Petrol Story:
For a physicist who'd spent
thirty years examining, testing, and even patenting new technologies and
techniques for unconventional natural gas production, to make the
transition from being a scientist to a gas producer there had to be some
pretty compelling reasons.
Fortunately for the small
group who founded Petrol Oil and Gas Inc., they had their fair share of
compelling reasons, and they managed to convince Mr. Paul Branagan to
step in and head the company. The result is Petrol Oil and Gas Inc. (OTC
BB: POIG), which is developing a Coal Bed Methane play in the Forest City
Basin and Cherokee Platform of southeastern Kansas and western Missouri.
Management Profiles: http://investorideas.com/Petrol_Oil_and_Gas/ManagementProfile.asp
The compelling reasons?
-- New technologies,
some of which Mr. Branagan, President of Petrol,
helped create, are making CBM more practical and
profitable than ever
before.
-- Coal Bed Methane (CBM) is an increasingly important part of US
domestic gas supply, supplementing dwindling
conventional gas reserves.
-- In 2001, Eastern Kansas wasn't yet on the radar as a CBM play,
despite
decades of shallow oil and gas production from
conventional sources. Petrol
managed to secure a significant lease base (165,000
acres and counting),
straddling two long-established and successfully
producing areas, prior to
the majors who've followed them into the area.
-- Forest City Basin and Cherokee Platform coal beds lying under
the
Petrol leases are part of the Western Interior Basin
-- one of the largest
CBM basins in the US.
-- Petrol's leases are criss-crossed by four major interstate
pipelines,
meaning a ready market and higher prices for their gas
production, along
with lower transport costs.
-- Seven initial exploratory wells on Petrol's lands in Kansas and
five
exploratory wells in Missouri have all shown good CBM
potential. Lab
analysis continues, as does the dewatering and limited
gas production
process to prepare the wells for gas sales into a
pipeline.
Speaking about what the
Company has discovered to date, Mr. Branagan says, "Everything
appears to be in place to indicate that we have as good a CBM play as the
producing CBM areas to the south. Coal beds are there, gas content is
there, dewatering is there and infrastructure is there." What's
more, he adds, "This country is beginning to understand the need for
the US to reduce its reliance on imported petroleum products and is now
willing to support companies that can show them a way to do that from
relatively untapped domestic resources, such as CBM."
Petrol Corporate Profile: http://investorideas.com/Petrol_Oil_and_Gas/CorporateProfile.asp
Web Site: http://www.InvestorIdeas.com
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Disclaimer: http://investorideas.com/About/
Petrol Oil and Gas, Inc. June
15th - 2004 - $4000 - per month and $6000 per month in 144 shares
featured Company on NaturalGasStocks.com.
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