Petrichor Energy (V.PTP) flat intensives Bohrprogramm bei Marble Falls

Petrichor Energy (V.PTP) flat intensives Bohrprogramm bei Marble Falls

Joe DeVries, in the financing and management of listed companies an experience of over 20 Years show, after the equity value of the shareholders with capital development, the restructuring and the reactivation of Tier 2 oil- and gas issuers of the TSX Venture, including Altima Resources Ltd.. and TransAmerican Energy Inc., created.

Today, he is CEO and Director of Petrichor Energy a company with impressive concession areas, a tight share structure and joint venture partners, know the characteristics of the concession areas.

The property is so promising Marble Falls, that it added to the portfolio of the company DeVries.

Can you tell us something about Peter's Choir Energy and its development?

Petrichor Energy (TSX: V.PTP, Stock Forum) is an emerging oil- and gas exploration company, whose emphasis on the acquisition, exploration and development of new oil reserves in North- South America and is directed, and it uses the latest geophysical and geological technologies. Petrichor Energy was formed as part of the restructuring of Odyssey Petroleum, to focus on the acquisition of assets with oil- to concentrate and gas reserves in Texas.

You have acquired a concession area of ​​Marble Falls in Fort Worth Basin in Texas recently. Why did you decide to Marble Falls? What opportunities are there?

Marble Falls was selected as a promising concession area due to its location above the Texas Barnett Shale and its profile. Includes the exploration area 12.000 Acres of oil-bearing limestone resources from the Pennsylvanian Age. There is the potential for over 100 Locations of targets in multiple zones, which are accessible by means of vertical and horizontal drilling techniques. The limestone of the Pennsylvanian Age is a liquid containing, porous limestone formation from the Mississippian age, which is below the Barnett Shale at depths of less than 5.000 Forms foot veins, a thickness of about 400 Walking distance to. These resource areas offer the possibility of large deposits with massive hydrocarbon deposits within shallow basins and sometimes produce over 400.000 BO for Bohrloch. Limestone areas produced about 75.000 BO in vertical wells, where there is considerable potential for, horizontal wells that penetrate more reservoir rock and increase the production possibilities exponentially. It is also possible, to explore unknown fields, with the potential for financial statements of all wells in multiple zones, including the creation of reserves by drilling, while the benefits of increasingly sophisticated technologies are used fracking.

Can you tell us more about the project Marble Falls and its stage?

Peter's Choir recently acquired additional land in the exploration area Marble Falls with a working interest in a total of 66,66 % (two-thirds 12.000 Acres) and will drill its first development well in the quarter.

What do you think, will be possible in the course of time, this project?

We are convinced, we tested the shareholder value through the strategic development of, can increase long-lived reserves in the soil.

What challenges must be overcome on the current market?

The continued availability of capital for development of the property and the drilling of wells could pose a challenge to the current market.

You can about your management team and its ability, to manage the project in Marble Falls, say?

Our management team consists of experienced employees, in diesem Gebiet, including different regions of North America, have considerable expertise. Together, our team can in the successful development of a field experience of over 100 Years show.

Why should we think about, to invest in Petrichor Energy?

Our company has a tight capital structure with incredible potential to. We are able, To develop concession areas with low risk and high return on investment in certified areas and build, which allow a durable production and reserves, thereby increasing shareholder value.

Marble Falls is a premier oil- and Gasaktivum in the Fort Worth Basin and has considerable potential to, which is also big business noticed. In the Barnett Shale region was the completion of wells between 2005 and 2007 a success rate of 100 Percent achieved. In view of successful business partners Peter's Choir of test holes can be quickly brought into production. Peter's Choir is the ultimate microcap opportunity.

What are your goals for the rest of the year 2013 and early 2014?

Our primary goals are the hole of the first three Testerschließungsbohrlöcher in Marble Falls (Beginning in the first quarter) and the beginning of the production. At the same time we are in the last three quarters of the year 2014 continue to conduct intensive borehole surveying.

Contact:

Investor Relations:
Such: 604-336-8615
Fax: 604-718-2808

Petrichor Energy Inc.
Box 4
Suite 303 – 595 Howe Street
Vancouver BC Canada V6C 2T5
Such: 604.336.8615
Fax: 604.718.2808
info@petrichorenergy.com
www.petrichorenergy.com

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(Those: IRW-Press.com.)

 

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