PETRO RIVER OIL CO COM USD0.00001 (POST REV SP (OTCBB:PTRC) Making Smart Moves

The results of last November’s elections were very favorable for the energy sector. President Trump campaigned on the promise of re-invigorating U.S. energy resources to make America energy independent. The Trump administration has used executive orders to de-regulate the industry and effectively remove many of the hurdles initiated over the prior eight years that hindered growth in the sector. The opening of some federal lands that have been restricted, both onshore and offshore has prompted oil and gas producers to increase oil and gas developments.PETRO RIVER OIL CO COM USD0.00001 (POST REV SP (OTCBB:PTRC) is one company taking advantage of the favorable market conditions.Petro River Oil Corp is an independent energy company with its core holdings in Northeast Oklahoma and Kern County, California. Petro River’s strategy is to apply modern technology, such as 3-D Seismic analysis to exploit hydrocarbon-prone resources in historically prolific places, and under-explored prospective basins to build reserves and to create value for the company and its shareholders. Petro River owns a 20% equity interest in Horizon Energy Partners, LLC and its president, Stephen Brunner, is also a member of the Board of Horizon Energy Partners, LLC.On May 9, 2017, Petro River Oil Corp announced a new significant oil discovery on its 106,500 acre field concession (referred to as “Pearsonia West”) in Osage County, Oklahoma. Petro River owns a controlling interest in Pearsonia West through its investment in Bandolier Energy LLC, whole owner of the concession. The Company has utilized 3-D seismic technology to identify a total of three prospective oil fields that have a potential for 2.5M barrels of oil collectively.In a major cost savings development regarding the aforementioned oil discoveries, on May 27, 2015, Petro River Oil Corp announced that, by a unanimous vote 8-0, the Osage Mineral Council approved the newly agreed upon terms and conditions for the Pearsonia West Concession. The new concession terms and conditions allow for vertical drilling obligations to hold the concession, which previously had horizontal drilling obligations. This announcement coincides with Petro River's recently announced intention to develop the concession vertically which, historically, has produced attractive return profiles in the region. This represents a cost savings to the company of approximately $14,000,000 USD. Shane Matson, President of Bandolier Energy, commented:

"The new terms are fundamental in enabling Pearsonia West to be developed by drilling vertical wells going forward which we believe is optimal. We have twelve seismically defined structures ranging from 100 acres to in excess of 1000 acres in closure, each of which have stacked pay that includes regionally extensive Arbuckle, Mississippian, and Marmaton carbonates, all ideal candidates for vertical development. This change creates immense value for the concession since vertical obligations are less expensive than horizontal obligations."

Formal notice of the approved changes was announced on July 27, 2015.

PTRC stock has been trading on a strong upward move that started on May 9, 2017, coinciding with the announcement of the Pearsonia West oil discoveries. The stock is currently trading at $2.45 on higher than average volume.Quarterly Financials for the period ending January 31,2017 report almost no revenue, but does show a positive balance sheet with no debt. Current market capitalization stands at $39.53 million, on 15.83 million shares outstanding as of June 19, 2017.At present, the energy sector is moving full steam ahead. Energy companies of all types and sizes scrambling to seize on the opportunities afforded the current favorable government policies and market conditions. At some point in the future, fossil fuels will either run out, or be replaced by a more efficient and cleaner form of energy. But not today or for the foreseeable future. And while the fossil fuels part of the energy sector will experience ups and downs depending on the current political winds, it appears that at present, the winds seem to be in Petro River Oil’s sails. This makes PTRC a stock to consider buying. We will be updating our subscribers as soon as we know more. For the latest updates on PTRC, sign up below!Image courtesy of Vic Trujillo via Flickr.Disclosure: We have no position in PTRC and have not been compensated for this article.