Petro River Oil Corp.

Petro River Oil is pleased to provide shareholders with a corporate update and revised corporate presentation made available concurrently with this press release. The updated corporate presentation can be found here: Petro River Oil Corporate Presentation. Operational Summary: Petro River has two active and expanding projects in Kern County [...]

Petro River Oil is pleased to provide an update on the progress of its drilling program in Oklahoma. In March 2019, the Company successfully completed drilling the South Red Eagle 3-35 well located in the West Blackland field in Osage County. This is the first of ten wells the Company plans to drill in 2019. The Company currently expects that the [...]

Petro River Oil is pleased to provide investors with an update on the Grapevine and Mountain View projects. The two projects are owned and operated by subsidiaries of Horizon Energy Partners of which the Company owns a 14.52% membership interest. Stephen Brunner, President of Petro River, is also one of the two managers of Horizon. Grapevine [...]

Petro River Oil announced the acquisition of an additional 5.63% interest in an international, offshore exploration project in the North Sea through Horizon Energy Acquisition, a newly-formed company of which the Company owns a 14.5455% membership interest and has a right to appoint one member to the three-member board of managers. The Company [...]

Petro River Oil announced the closing of a restructuring of the Company's senior debt, and a financing to fund the drilling of ten additional development and exploration wells in Osage County, and a large exploration venture in the North Sea, UK with Horizon Energy Partners. The financing was led by Executive Chairman Scot Cohen's $1.0 million [...]

Petro River Oil is pleased to announce its year end April 30, 2018 financials and 2018 guidance. Highlights include: 1,131% increase in oil and gas production this year from fiscal year ending April 30, 2017. Company production has been ramping up, with more than 60% of this new production occurring in the fourth quarter. 395% increase in proved [...]

Petro River Oil announced the discovery of its largest oil field with the successful drilling of the Arsaga 25-2 exploration well in Oklahoma. The Arsaga 25-2 exploration well was the first of three exploration wells outlined in the Company's 2018 drilling program. The Arsaga well was spud on July 9, 2018 and drilled to a depth of approximately [...]

Petro River Oil plans to drill an exploration well in the Arsaga field, potentially its largest field in Osage County. Following the company's success in the North and West Blackland fields, the Arsaga exploration well marks the commitment of the company's expansionary 2018 drilling program. This exploration well in Arsaga is the first of three [...]

Petro River Oil is pleased to provide investors with an update on the Company's Osage drilling program and ongoing corporate activities. A new corporate presentation has been made available concurrently with this press release and can be found here. Development & Exploration Plans 2018: Osage County Following the success of our initial ten well [...]

Petro River Oil is pleased to present recent field results and its oil and gas reserves, as evaluated May 1, 2018, by independent engineering firm, Cawley, Gillespie & Associates. Recent Corporate Highlights Proved reserves as of May 1, 2018 show 175% increase from the reserve report issued on May 1, 2017. BOE production increases 1,053% for fiscal [...]