Dallas, TX (PRWEB) October 23, 2013
Petron Energy II, Inc. (“Petron II” or the “Company”) (OTCBB: PEII) Petron Energy II, Inc. Reports on LaNina and Covenant wells from its Edward Leases in Oklahoma.
Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, the transportation of natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary. The Company’s operations are based in the United States.
Floyd Smith, President and CEO of Petron Energy II, Inc., states "In our September 24, 2013 press release we stated, “The company had tentatively scheduled fracture stimulation treatment for the LaNina and Covenant wells for mid September, and due to scheduling delays on the part of our fracture stimulation contractor we were unable to meet the mid September timeline. Smith further stated, “Our contractor informed us that they are running 3-4 weeks behind in their scheduling.”
Smith goes on to say, “We are very pleased to announce that on October 17, 2013 we successfully performed an acid stimulation treatment on the Misner sandstone in the LaNina #2 well. We installed a pump jack on the well and began production operations Friday afternoon.. We have been monitoring the fluid produced from the well to determine if there is an oil cut. The LaNina #2 well began to show an oil cut on Saturday, we will continue to monitor the wells progress and provide further updates in the next few days. The Covenant #5 and the Gerner #2 wells are scheduled to be fracture stimulated in the Dutcher sandstone on October 29, 2013. The company will report updated production news for all wells as soon as results are available.”
About Petron Energy II, Inc.:
Petron Energy II, Inc. is a Dallas-based, oil and gas exploration and production company. For further information about the Company, please visit our website http://www.petronenergyii.com.
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