Posted by: pennystockspy
VIEWS: 59
Petron Energy II Inc. - ( PEII )
 

PEII is continuing a tradition of developing oil and gas properties in low risk areas with years of proven production history.   The political landscape is flush with plans and desires for increased energy independence.

Many of our Small/Mid-Cap Alerts have concentrated on innovative, niche technologies surrounding Operations involving Natural Gas, Shale, Fracking, Oil, Solar, Wind and other energy sources.

Oil is still clearly the Most Lucrative Resource in the game, and Oil Well Leasing has now become a HOT Industry for small-cap trades such as PEII. New Technologies have brought deserted wells and untouched areas back online and in-view as companies extract value from them. This company has been aggressively tackling the opportunity since late-May.
 
PEII has given Operational Updates on its Secondary Recovery Project  in Oklahoma, signed an Acquisition Agreement to Purchase the Garrett Lease in Creek County, OK,  Gained Operational Approval on all of its Texas Wells,  and brought its Texas Wells back to Commercial Production - among other achievements!
 
PEII has an attractive Share Structure which could increase Trader Buzz and Attention Rapidly. Any substantial accumulation is now capable of sending this stock on a vicious run!
PEII Share Structure
Market Value1 $282,008 a/o Aug 26, 2014
Shares Outstanding 122,612,185 a/o Aug 21, 2014
Float 111,168,152 a/o Aug 21, 2014
Authorized Shares 2,000,000,000 a/o Aug 21, 2014
Par Value 0.001
At $.0023, PEII has fallen drastically since April, albeit these prices are adjusted for the aforementioned split.  The company now has an Incredibly LOW Market Valuation of ~$282K and a Float of ~111MIL that could bode Very Well for a Near-Term Run on any substantial Accumulation.

The stock May be building in a Strong Base at $.002 range, and these are the times we think may be great positions to consider entering or adding to your position. The Lowering 20SMA ($.0043) could create a Date-with-Resistance and a possible TA Catalyst if a Break-and-Hold of the 20SMA is created.

Take a Look at the DAILY CHART to see just how Bullish this situation may be. Big Gains could be coming soon given the Strong News Flow and Chart Setup.
  • RSI is nearly Oversold at its current position of ~34.
  • The stock consistently trades tens of thousands of dollars, but be on the lookout for any Abnormal Trading Days. If volume precedes prices, then we are really hoping for a Monster Trading day that lets us buy in at static prices before it possibly runs
  • The Other Indicators such as MACD, Accumulation, etc. are rather stagnant as this stock remains Flat...........for now! 
Traders are finally finding this Sub-$300K Market Cap, nearly Oversold Chart that is Basing, and Great Fundamental Operations Growth. Targets are currently $.0043 (20SMA) - $.03878 (50SMA) - ~$.20 - $.8117 (200SMA). 

Runs to these Levels could NET current BUYERS GAINS of 87% - 1,586% - 8,595% - and life changing money if the stock reaches its 200SMA on a ~35,191% Run!!

 

Petron Energy II, Inc. is a Dallas-based, oil and gas exploration and production company. For further information about the Company, please visit their website at http://www.petronenergyii.com.
On July 7th, Petron II brought its Texas Wells Online! The Company Returned its Texas Wells back to Commercial Production.
  • 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.
  • On June 30, 2014, Petron II previously announced that on Friday June 27, 2014 the Texas Railroad Commission (RRC) approved their P-5 application, effectively clearing the way for all of its Texas wells to be returned to commercial production. This morning the company announced that it had returned its Texas wells back to full production.
  • Floyd Smith, President and CEO of Petron Energy II, Inc., stated, "We are very pleased with the addition of our Texas properties at this time and we estimate that our Texas production should add and additional 8-10 barrels of oil per day. The next phase of operations for Petron II in Texas will involve the design of its secondary recovery waterflood development plan for the Redder Lease. The Redder Lease is the last of three large leases planned for secondary recovery waterflooding procedures in the company's 2014 CAPEX budget." Petron II will provide more updates as they become available.
  • Floyd Smith, President and CEO of Petron Energy II, Inc., states, "On March 28, 2014 we announced that we had completed all workovers and submitted all paperwork including our P-5 renewal application to the Texas Railroad Commission (RRC). On Friday June 27, 2014 the RRC approved our P-5 application, effectively clearing the way for all of our Texas wells to be returned to production. We are obviously very pleased to gain full approval from the RRC and will move immediately to return our Texas wells back to commercial production this week."
  • The company projects its Texas production should add and additional 8-10 barrels of oil per day. Smith goes on to say, "The next major phase of Texas operations will involve the design of our secondary recovery waterflood development plan for the Redder Lease. The Redder Lease is the last of our three largest leases planned for secondary recovery waterflooding procedures in our 2014 CAPEX budget."
  • When all waterflood development plans have been implemented, the company projects the total daily oil production range of all three leases to be 125 -- 200 barrels of oil per day. We will provide more updates as they become available.
  • Floyd Smith, President and CEO of Petron Energy II, Inc., states "On June 2, 2014 we signed an acquisition agreement and tendered the initial down payment with Mr. Bill Sperling to purchase the Garrett Lease which has existing wells. One of the key wells we intend to attempt a recompletion is the Garrett #3; the Garrett #3 well has a well developed Mississippi pay zone which we will test for commercial production. Our geologist and a third party petroleum engineer have reviewed the Garrett #3 logs and found them to have all of the key components for oil based on their log analysis and to be very comparable to some of the better producing Mississippi wells which offset our lease."
  • Smith goes on to say, "The Mississippi pay zone has proven to be a very prolific oil producing zone in the area, vertical completions on area wells have realized initial production rates of 30 -- 100 barrels of oil per day. The company is scheduled to test the Garrett #3 well after the completion of the Snyder/Simon lease project which will be completed during the month of June 2014. The company will report results for both projects as soon as they are available."
  • Floyd Smith, President and CEO of Petron Energy II, Inc., states, "On March 28, 2014 we announced that all workover procedures would be completed by April 15, 2014. We have completed all workovers and have submitted all paperwork including our P-5 renewal application to the Railroad Commission (RRC). The RRC currently is reviewing our application which should be completed very soon, once we receive final approval we will move immediately to return our Texas wells to commercial production. The company expects its Texas production should add an additional 8-10 barrels of oil per day immediately."
  • The next major phase of Texas operations for the company will involve the development of the Redder Lease.
  • Smith goes on to say, "The Redder lease is the largest of our Texas leases and is the final of three leases we have planned for secondary recovery development in our 2014 CAPEX budget. The projected daily oil production rate once all three leases are online is 150 -- 200 barrels of oil per day. These three leases are the primary drivers behind why we have projected Petron II to become profitable this year." We will provide more updates as they become available.
  • Floyd Smith, President and CEO of Petron Energy II, Inc., stated, "In our May 12, 2014 press release we announced that we had completed the drilling of our supply well and finalized installation of all high pressure flow lines and electrical to our injection wells. As we complete our final stage, one key component to a successful supply well is the stimulation treatment. Recently we received the recommended stimulation treatment proposal which once completed should provide us with the most optimal saltwater fluid levels for injection into the Dutcher reservoir. Achieving a maximum saltwater flow rate from the supply well is extremely crucial as we seek to increase reservoir pressure."
  • Smith further states, "Of course increasing reservoir pressure provides the best opportunity to produce the highest volume of oil per day. These are very exciting times at Petron II because once we have completed our final stage we will return this lease back to full production operations. Based on our engineering design for this project we estimate injecting gas and roughly 1,000 barrels of saltwater per day into the Dutcher reservoir over a period of several months. Once the reservoir has achieved its optimal level of pressure we anticipate a peak in sustained daily oil production levels, our analysis estimate the daily range to be 50 -- 75BO/D. The Snyder/Simon lease is the first of three of our largest leases which we have budgeted for funding this year. The Edwards lease which is the second lease we have planned for secondary recovery development in our 2014 CAPEX budget is currently in the design phase with our engineers." We will provide more updates as they become available.

 

We have had some success trading Oil Well/Lease Trades in the past, and this stock is near rock bottom even as it has released some stellar operational updates. The News and Business Trends do not align with that of the Stock Chart and Market Cap figure.

Could we be seeing a strong Base at $.002 safe for accumulation and a potential bounce? Will volume show up and push this Market Cap back to more respectable figures? We shall see. Keep doing your due diligence on this Energy Play, and Trade Wisely as always! We hope you enjoy PEII!
 
Sincerely,
 
PennyStockSpy































Disclaimer:
Stockchat LLC has received ten thousand dlrs via a bank wire for the awareness of PEII from a third party One22Media LLC.

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