Upstart IPRC is looking to develop shallow oil and gas developing wells in Texas eastern shelf region. The company believes a potential exists to drill 5 wells producing in excess of 35,000 barrels of oil and 60,000, mcf of gas per well.
About Imperial Resources, Inc. IPRC
Imperial Resources, Inc., through its wholly owned subsidiary, Imperial Oil & Gas, Inc. has a highly focused, risk-averse strategy of building a substantial portfolio of oil and gas assets through its access to niche, low risk oil and gas opportunities in the onshore U.S. Imperial aims to exploit projects which can deliver cash flows normally associated with higher risk projects but without exposure to high risk failure rates.
SKPI has had a nice return over the last few months. The price of crude oil hovers above $80 per barrel and has helped boost the share price of many oil and gas penny stocks. I hope the chart for SKPI continues to look good.
About the Republic of Albania SKPI
Albania has a population of 3.5 million people and is located 50 km east of Italy, across the Adriatic Sea in Southeast Europe. Albania is a member of NATO, and has applied to join the European Union. Albania is a proven hydrocarbon producing region with earliest known bitumen production dating back to the Roman Empire. Modern exploration began in the early 1900’s. The Patmos – Marinza and Kucova heavy oilfields are among the largest oilfields in Europe. To date there have been ten significant field discoveries that have produced more than 150 million barrels.
Has anyone been watching SROE? With increasing crude oil prices small companies like SROE could see significant share price appreciation. I am going to start a list of oil and gas penny stocks to watch. I will keep them posted in this blog post, and add their tickers to the labels section.
About Saratoga Resources SROE, Now SARA
Saratoga Resources, Inc. is an independent exploration and production company with offices in Houston, Texas and Covington, Louisiana. Principal holdings cover 33,625 gross (32,527 net) acres, mostly held-by-production, located in the transitional coastline and protected in-bay environment on parish and state leases of south Louisiana. Saratoga's stock currently trades on the OTC Bulletin Board under the symbol "SROE".]
The company went through bankruptcy, and left shareholders intact. They are now listed under the ticker SARA.